Healthcare Trust, Inc. (“HTI” or the “Company”) announced today that Randolph C. Read has stepped down from its Board of Directors and that Leslie D. Michelson was named Non-Executive Chairman of the Board of Directors.
Mr. Read commented, “With the conclusion of the strategic review process at Healthcare Trust, this is the ideal time for me to pass the baton at HTI as they focus on building a world class healthcare REIT in the medical office building and seniors housing sectors.”
Betty Tuppeny, Chair of HTI’s Nominating & Governance Committee commented, “The stockholders and the Board of HTI have been truly fortunate to have had Randy Read serve as Chairman of the Company this past year and half. He drove the development and completion of a comprehensive strategic review process which focused the Company on its future direction in continuing to build stockholder value. Randy’s skilled leadership will be missed.”
Mr. Michelson commented: “I am delighted to be continuing the progress the Company has made under Randy Read as Chairman. The results of the strategic review process will guide us as we strengthen our portfolio and balance sheet and continue to increase shareholder value.”
About Healthcare Trust, Inc.
Healthcare Trust, Inc. is a publicly registered, non-traded real estate investment trust which seeks to acquire a diversified portfolio of real estate properties, focusing primarily on healthcare-related assets including medical office buildings, seniors housing and other healthcare-related facilities. Additional information about HTI can be found on its website at www.healthcaretrustinc.com. HTI may disseminate important information regarding it and its operations, including financial information, through social media platforms such as Twitter, Facebook and LinkedIn.