Transactions: ARC Healthcare Trust II continues to make buys, nears closing of offering

NEW YORK – Like its predecessor with a very similar name, ARC Healthcare Trust II Inc. is off to a fast start in the healthcare real estate (HRE) sector.

So fast, in fact, that the non-traded real estate investment trust (REIT) is already nearing the possible closing of its public stock offering, which began in early 2013.

In just 17 months, the American Realty Capital-sponsored REIT has raised about $1.7 billion through the offering as well as its dividend reinvestment plan (DRIP). The REIT, in fact, is closing in on its maximum capital raise of about $2.05 billion and, according to statements from officials, has no plans for a follow-on offering. As noted, the REIT’s predecessor, ARC Healthcare Trust (Nasdaq: HCT), also took the HRE sector by storm in its first two years of existence.

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