Healthcare Trust Inc. *updated* July 14, 2021, Shareholders may have Claims
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The White Law Group continues to investigate FINRA arbitration claims involving Healthcare Trust Inc. (ARC Healthcare Trust II)
Unfortunately for investors it appears that many financial advisors/brokerage firms that sold REITs such as Healthcare Trust Inc. may have understated or misrepresented the risks and liquidity problems.
Healthcare Trust, Inc. (formerly known as ARC Healthcare Trust II) is a non-traded real estate investment trust (REIT) which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities, according to its website. HTI is closed to all new investments.
Update On April 28, 2021, Net Asset Value Continues to Decline
According to filings with the SEC, on April 2, 2021, Healthcare Trust, Inc. announced the declaration of a quarterly stock dividend of 0.014655 shares of the Company’s common stock, $0.01 par value per share, on each share of the Company’s outstanding Common Stock. The company notes that its current NAV is $14.50 per share, a decrease from the estimated NAV on April 3, 2020, of $15.75 as of December 31, 2019. This marks a continuous decline, as the estimated NAV per share in December 2018 was reported as $17.50 per share.
The original offering price was $25.00/share.
Decrease in Secondary Sales Price
According to Central Trade & Transfer, a secondary market website, shares of Healthcare Trust Inc. have recently been sold for $5.00/per share, as of April 28, 2021. Unfortunately for many investors, it appears that the secondary market price would represent big losses on their initial capital investment.
Investigating Potential Lawsuits involving Healthcare Trust Inc.
Non-traded REITs are high risk, complex investments and are not suitable every investor. Prior to making recommendations to an individual investor, brokerage firms are required by the Financial Industry Regulatory Authority (FINRA) to disclose all the risks of an investment. Recommendations should only be made if the investment is suitable for an individual investor given their age, investment objections, investment experience and risk tolerance.
Brokerage firms that do not perform adequate due diligence on an investment and/or make unsuitable recommendations can be held accountable for investment losses through FINRA arbitration.
High commissions could be a motivating factor for unscrupulous financial advisors to sell the REIT regardless of whether the investment is in line with the client’s investment objectives and profile. Moreover, the total commissions and expenses make it difficult for non-traded REITs to perform in line with the market.
If you invested in a Healthcare Trust Inc. (ARC Healthcare Trust II) and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 888-637-5510 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois.
For more information on The White Law Group, visit https://www.whitesecuritieslaw.com.
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