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Deals & Dealmakers

ARC Healthcare to list stock

American Realty Capital Healthcare Trust II, Inc. intends to file an application to list its common stock on a national stock exchange under the symbol HTI.

The company anticipates that its common stock will begin trading on such exchange during the third quarter of 2015.

Concurrent with the listing, the Company intends to change its name to Healthcare Trust, Inc.
Healthcare Trust II’s Board of Directors has determined, in consultation with its financial advisors, KeyBanc Capital Markets and RCS Capital, the investment banking and capital markets division of Realty Capital Securities, LLC, that it is in Healthcare Trust II’s best interests to move forward with the listing application.

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.

Thomas D’Arcy, Chief Executive Officer of Healthcare Trust II, said, “Listing Healthcare Trust II is an important strategic step to enhance long-term shareholder value and create liquidity.

“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.”

Healthcare Trust II has 118 assets occupying 6.3 million s/f. The properties have a current occupancy level on 90.9 percent.

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