ARC Healthcare Trust II REIT To Go Public

by Jeff Shaw

NEW YORK — American Realty Capital Healthcare Trust II Inc., currently a non-traded real estate investment trust (REIT), plans to file an application to list its common stock on a national stock exchange. Subject to approval, the company expects its common stock to begin trading during the third quarter of 2015. Concurrent with the listing, the company intends to change its name to Healthcare Trust Inc. and list on the market as “HTI.”

This decision is the result of a process led by the board of directors to evaluate possible strategic alternatives designed to maximize long-term shareholder value. The company came to the decision after consulting with its financial advisors, KeyBanc Capital Markets and RCS Capital, the investment banking and capital markets division of Realty Capital Securities LLC.

“Listing Healthcare Trust II is an important strategic step to enhance long-term shareholder value and create liquidity,” says Thomas D’Arcy, the company’s CEO. “The real estate capital markets, while somewhat volatile, still offer, in our opinion, the best relative strategic alternative to monetize value for our stakeholders, while not foreclosing other options.”

As of the end of 2014, Healthcare Trust II held 118 assets totaling 6.3 million square feet with a 90.9 percent occupancy rate.

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