On December 22, 2017, following the approval of a majority of its stockholders at its annual meeting of stockholders held on December 21, 2017, American Realty Capital Healthcare Trust III, Inc. (“HT III”) closed on the sale of all 19 of its properties to Healthcare Trust, Inc.
Pursuant to HT III’s plan of liquidation also approved by its stockholders at the annual meeting, HT III will distribute a portion of the net cash proceeds from the asset sale to its stockholders.
On January 5, 2018 HT III paid its stockholders an initial liquidating distribution of $15.75 per share.
Pursuant to the plan of liquidation, the final liquidating distribution will not occur earlier than February 2019, the end of the 14-month survival period of the representations and warranties under the purchase agreement with HTI and will not occur prior to final resolution of any unsatisfied indemnification claims or other claims that are first made prior to the end of that period.
December 26, 2017 American Realty Capital Healthcare Trust III, Inc. Completes Asset Sale to Healthcare Trust, Inc.
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December 4, 2017 ARC HT III Q3 Shareholder Letter
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November 14, 2017 ARC HT III Strategic Review Update: Plan of Liquidation and Asset Sale
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