Healthcare Trust (HTIA) to Internalize Management
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Healthcare Trust to Internalize Management
August 7, 2024 4:31 PM EDTNEW YORK--(BUSINESS WIRE)-- Healthcare Trust, Inc. (Nasdaq: HTIA / HTIBP) (HTI) announced today that it has entered into a definitive agreement with Healthcare Trust Advisors, LLC (the Advisor), the external advisor to HTI, and AR Global Investments, LLC, the indirect parent company of Advisor and Healthcare Trust Properties, LLC (the Property Manager), the external property manager to HTI, to transition to self-management and internalize management functions currently performed by the Advisor and Property Manager (the Internalization). The Company expects the Internalization to close on or about September 27, 2024, subject to satisfaction of certain customary conditions to closing.
The HTI management team is very... More
