8-K
National Healthcare Properties, Inc. (NHP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): December 8, 2021
Healthcare Trust, Inc.
(Exact Name of Registrant as Specified in Charter)
| Maryland | 001-39153 | 38-3888962 |
|---|---|---|
| (State or other jurisdiction<br><br> <br>of incorporation) | (Commission File Number) | (I.R.S. Employer<br><br> <br>Identification No.) |
| 650 Fifth Avenue, 30th Floor<br><br> <br>New York, New York 10019 | ||
| --- | ||
| (Address, including zip code, of Principal<br> Executive Offices)<br><br> <br><br><br> <br>Registrant’s telephone number, including area code: (212) 415-6500 |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class: | Trading Symbol(s) | Name of each exchange on which registered: |
|---|---|---|
| 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share | HTIA | The Nasdaq Global Market |
| 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share | HTIBP | The Nasdaq Global Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
| Emerging growth company ¨ |
|---|
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 7.01. RegulationFD Disclosure.
Investor Presentationand Transcript
Healthcare Trust, Inc. (the “Company”) prepared an investor presentation containing certain portfolio information and financial highlights. Representatives of the Company intend to present some of or all of this presentation to current investors and their financial advisors at various conferences and meetings, including webinars. A copy of the investor presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On December 8, 2021, the Company hosted a conference call to discuss its financial and operating results for the quarter ended September 30, 2021. A transcript of the pre-recorded portion of the webcast is furnished as Exhibit 99.2 to this Current Report on Form 8-K. A copy of the presentation and replay of this webcast will be available on the Company’s website at www.healthcaretrustinc.com in the news section.
Neither the investor presentation nor transcript shall be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 7.01, as well as Exhibit 99.1 and Exhibit 99.2, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.
Forward-Looking Statements
These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words “anticipates,” “believes,” “expects,” “estimates,” “projects,” “plans,” “intends,” “may,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the potential adverse effects of the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, on the Company, the Company’s tenants, the Company’s operators and the global economy and financial markets and that the information about rent collections may not be indicative of any future period, as well as those risks and uncertainties set forth in the Risk Factors section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed on March 29, 2021, and all other filings with the SEC after that date, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results, unless required to do so by law.
Item 9.01. FinancialStatements and Exhibits.
(d) Exhibits
| Exhibit No. | Description |
|---|---|
| 99.1 | Investor Presentation |
| 99.2 | Transcript |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HEALTHCARE TRUST, INC. | ||
|---|---|---|
| Date: December 8, 2021 | By: | /s/ Scott M. Lappetito |
| Scott M. Lappetito<br><br> <br>Chief Financial Officer, Secretary and Treasurer |
Exhibit 99.1

1 Healthcare Trust, Inc. Third Quarter 2021 Investor Webcast Presentation

2 Q3’21 Company Overview (1) Based on total real estate investments, at cost of $2.6 billion, net of gross market lease intangible liabilities of $10.7 mi lli on as of September 30, 2021. (2) Percentages are based on NOI for the nine months ended September 30, 2021 and for the nine months ended September 30, 2020. S ee appendix for Non - GAAP reconciliations. (3) See Definitions in the Appendix for a full description. (4) Assuming no expirations or terminations and that non - binding letters of intent will lead to a definitive lease that will commenc e on its contemplated terms, which is not assured. Leases and potential leases in the Forward Leasing Pipeline commence at various times during 2021 and 2022. The Forward Leasing Pipeline should not be considered an indication of future performance . (5) Refer to slide 7 for additional information. (6) Refer to slide 7 for additional information. Based on square feet as of the respective acquisition date for closed transactio ns . HTI is a $2.6 billion (1) healthcare real estate portfolio focused on Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) High Quality Portfolio x High - quality portfolio featuring 201 healthcare properties that are 59% MOB, 32% SHOP and 9% Triple Net Leased (“NNN”) (2) x High MOB and NNN portfolio Occupancy of 91.5%. HTI also has a forward Leasing Pipeline (3) of 12,000 SF that is expected to increase MOB and NNN portfolio Occupancy to 91.8% and annualized straight - line rent by nearly $258,000 (4) x Geographically diversified across 33 states with select concentrations in states that management believes to have favorable demographic tailwinds x SHOP portfolio Occupancy increased for the second consecutive quarter, increasing by 2.1% from 72.7% in Q1'21 to 74.8% in Q3’ 21, as COVID - 19 - related headwinds subside x Year - to - date HTI, invested $8 million in its SHOP assets to enhance and improve marketability as management expects demand to rebound strongly as COVID - 19 dissipates Diligent Acquisition Program (5) x Total 2021 closed and pipeline acquisitions of $160 million at a weighted average Cap Rate (3) of 7.7%, including six acquisitions closed in Q3’21 for $104 million at a 7.8% weighted average Cap Rate x 2021 closed acquisitions are expected to generate approximately $13 million of Annualized Straight - Line Base Rent (3) over a weighted average Lease Term Remaining (3) of approximately 12 years (6) x Q3’21 acquisition pipeline includes three MOB properties to be acquired for $13 million at a 7.5% weighted average Cap Rate Resilient Performance x Collected approximately 100% of the original Cash Rent (3) due across the MOB and NNN portfolios in 2021 and 2020 x Year - over - year, HTI’s exposure to MOB and NNN assets increased from 60% to 68% (2) in part due to high - quality MOB acquisitions, which management believes to have more predictable cash flows than SHOP assets, and strategic SHOP dispositions Experienced Management Team x Proven track record with significant public REIT market experience x SHOP portfolio with a dedicated management team led by John Rimbach along with his key operating personnel from WESTLiving

3 100% MOB and NNN Original Cash Rent Collection HTI continues to collect approximately 100% of the original Cash Rent due across the MOB and NNN portfolios in 2020 and 2021. Management expects this trend to continue Note: Percentages are approximate. Collection data as of November 15, 2021. Collection data includes both Cash Rent paid in full and in part pursuant to an amendment to an existing lease agre em ent to defer for a certain portion of Cash Rent due or otherwise. Collection data excludes Cash Rent paid after November 15, 2021, that would apply to prior quarters. Total rent collected during the period includes both original Cash Rent due and p ayments made by tenants pursuant to rent deferral agreements. The deferred rent portion represented less than 1% of the original Cash Rent due. See definition of Cash Rent for further details. This information may not be indicative of any future period. The impact of t he COVID - 19 pandemic on our future results of operations and liquidity will depend on the overall length and severity of the COVID - 19 pandemic, which management is unable to predict. 100% 100% 100% 100% 100% 98% Q3'2021 Q2'2021 Q1'2021 Q4'2020 Q3'2020 Q2'2020 Quarterly Original Cash Rent Collection Rates

4 (1) Based on square footage as of September 30, 2021 and excludes the SHOP portfolio. Including the SHOP portfolio, portfolio occ upa ncy would have been 84.1% as of September 30, 2021. (2) Based on total real estate investments, at cost of $2.6 billion, net of gross market lease intangible liabilities of $10.7 mi lli on as of September 30, 2021. (3) See Definitions in the Appendix for a full description. Portfolio Snapshot High - quality healthcare portfolio featuring an MOB and NNN portfolio that is 91% occupied (1) and a 4.1 million square foot SHOP portfolio operated by top U.S. Healthcare brands PROPERTIES Medical Office Buildings 131 _ Senior Housing – Operating (SHOP) 54 _ Post - Acute Care/Skilled Nursing – NNN 8 _ Hospitals – NNN 6 _ Land 2 _ MOB Senior Housing – Operating Post Acute/ Skilled Nursing – NNN Hospitals – NNN Occupancy (3) 90.9% 74.8% 100.0% 90.7% Weighted Average Remaining Lease Term (3) 4.9 Years N/A 6.1 Years 5.5 Years $2.6 Billion Invested (2) 201 Properties 9.3 Million Rentable Square Feet

5 59% 32% 9% MOB SHOP NNN PA 16% FL 12% IL 9% GA 9% IA 6% AZ 5% TX 5% CA 5% MI 5% WI 4% Other 24% Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select, high - quality MOB and SHOP assets throughout the United States and increasing portfolio Occupancy Select Geographic Mix (1) Refer to slide 3 for additional information. (2) Percentages are based on NOI for the nine months ended September 30, 2021. See appendix for a reconciliation of aggregate NOI to aggregate GAAP net income. (3) Based on square feet as of September 30, 2021. $94 million NOI (2) Diversified Geographic Asset Exposure High - Quality Portfolio Top 10 States (3) MOB NNN SHOP x Dynamic portfolio featuring a balance of high - quality and resilient MOB & NNN assets that feature embedded contractual rental increases and an actively managed SHOP portfolio x Geographically diversified portfolio across 33 states with select state concentrations that management believes to have favorable demographic tailwinds x SHOP portfolio Occupancy increased for the second consecutive quarter, increasing by 2.1% from 72.7% in Q1'21 to 74.8% in Q3’21, as COVID - 19 - related headwinds subside x Collected approximately 100% of 2021 and 2020 original Cash Rent due across the MOB and NNN portfolios (1) Portfolio Highlights

6 x DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of $30 billion (1) x UPMC is a leading health enterprise with over 92,000 employees and 800 clinical locations x The SHOP portfolio features an offering of core operating brands x HTI remains committed to developing strong partnerships with leading healthcare brands that we believe benefit patients and other stakeholders Strategic Partners HTI partners with top healthcare brands in well - established markets MOB SHOP (1) Market capitalization data as of November 15, 2021.

7 Year - to - date closed and pipeline acquisitions of $160 million at a 7.7% weighted average Cap Rate, including six acquisitions closed in Q3’21 for $104 million at a 7.8% weighted average Cap Rate. 2021 closed acquisitions are expected to generate approximately $13 million in Annualized Straight - Line Base Rent (1) Represents the contract purchase price and excludes acquisition costs which are capitalized per GAAP. The acquisition costs f or acquisitions completed during the nine months ended September 30, 2021, were $ 1.3 million. (2) See Definitions in the Appendix for a full description. (3) Weighted average remaining lease term is based on square feet as of the respective acquisition date for closed transactions. (4) Includes pipeline as of November 15, 2021. Definitive PSAs are subject to conditions and LOIs are non - binding. There can be no assurance these pipeline acquisit ions will be completed on their current terms, or at all. ($ in millions, square feet in thousands and lease term remaining in years) Diligent Acquisition Program 2021 Closed Transactions Property Type State Number of Properties Square Feet Purchase Price (1) Wtd . Avg. Cap Rate (2) Wtd . Avg. Lease Term Remaining (3) Closed Kingwood Executive Center MOB: Multi - Tenant TX 1 29 $6.6 3.1 Closed Q1’21 OrthoOne Hilliard MOB: Multi - Tenant OH 1 25 $4.9 5.8 Closed Q2’21 1800 South Douglas MOB MOB: Single - Tenant OK 1 21 $5.2 5.6 Closed Q2’21 Fort Wayne Ophthalmology MOB: Single - Tenant IN 2 31 $10.9 9.5 Closed Q2’21 Hefner Point MOB MOB: Multi - Tenant OK 1 27 $6.9 4.9 Closed Q2’21 Upstate NY MOB Portfolio MOB: Multi - Tenant NY 4 120 $19.7 3.0 Closed Q2 & Q3’21 St. Luke’s Heart & Vascular MOB MOB: Single - Tenant PA 1 13 $4.0 6.0 Closed Q3’21 Metro Eye MOB: Multi - Tenant MI 1 18 $5.6 15.0 Closed Q3’21 Naidu Clinic MOB: Single - Tenant TX 1 10 $3.7 11.9 Closed Q3’21 Marietta Memorial Cancer Center MOB: Single - Tenant OH 1 77 $79.9 16.5 Closed Q3’21 Total Closed 2021 14 371 $147.4 7.7% 11.8 Q4’2021 Pipeline (4) Property Type State Number of Properties Square Feet Purchase Price Wtd . Avg. Cap Rate Wtd . Avg. Lease Term Remaining Status Florida Medical Clinic MOB MOB: Single - Tenant FL 1 10 $2.6 5.0 PSA Executed Center for Advanced Dermatology MOB: Single - Tenant CO 1 8 $3.4 10.0 PSA Executed Pensacola Nephrology MOB MOB: Single - Tenant FL 1 18 $7.1 11.9 LOI Executed Total Pipeline 3 35 $13.1 7.5% 9.6 Total 2021 Closed Transactions + Q4’ 2021 Pipeline 17 406 $160.5 7.7% 11.6

8 Mortgage Debt ▪ $119 million, 21 property, CMBS Loan with KeyBank at a 4.6% fixed interest rate with maturity in 2028 ▪ $379 million mortgage loan with Capital One secured by 41 properties at a 3.7 % interest rate fixed by swap and maturity in 2026 ▪ The Company has six other mortgage loans with an aggregate balance of $ 52 million, secured by individual properties with a weighted - average interest rate of 3.6 % as of September 30, 2021 Credit Facilities ▪ Fannie Mae Master Credit Facilities : Made up of two facilities arranged by KeyBank and Capital One. The combined facility is secured by mortgages on 21 seniors housing properties ▪ Revolving Credit Facility and Term Loan : The credit facility and term loan mature in 2024 with exercise of the Company’s extension option and currently has total commitments of $630 million Capital Markets ▪ In Q4’21, HTI completed an $80 million Series B Preferred Stock Offering that received a BBB - investment grade rating from Egan - Jones Ratings Company, which management believes to reflect the high - quality and diversified nature of HTI’s portfolio x In the second quarter, HTI also completed a $57 million Series A Preferred Stock follow - on offering that provided attractive capital and financial flexibility to HTI Debt Capitalization (1) ($mm) Mortgage Notes Payable $549 Fannie Mae Master Revolving Credit Facilities $355 Total Secured Debt $904 Credit Facility – Revolving Credit Facility and Term Loan (1) $275 Total Unsecured Debt (1) $275 Total Debt $1,179 Weighted Average Interest Rate (2) 3.6% Key Capitalization Metrics ($mm) Net Debt (1) (3) $1,149 Net Leverage (3) 41.3% Balanced Capital Structure HTI continues to manage its capital structure, ensuring financial f lexibility and acquisition capacity throughout the COVID - 19 pandemic Note: Metrics as of and for the three months ended September 30, 2021. As of September 30, 2021, HTI had $29 .8 million of cash and equivalents and the current availability under the revolving credit facility was $ 166.5 million. The Company is subject to a covenant requiring it to maintain a combination of cash, cash equivalents and availability for future borrowings under the re vol ving credit facility totaling at least $50.0 million. (1) Excludes the effect of deferred financing costs, net and mortgage premiums/discounts, net. The equity interests and related r igh ts in our wholly owned subsidiaries that directly own or lease the eligible unencumbered real estate assets comprising the borrowing base of HTI’s credit facility are pledged for the benefit of the lenders thereunder. These real estate assets are n ot available to satisfy other debts and obligations, or to serve as collateral for any new indebtedness, unless the existing ind ebt edness secured by these properties is repaid or otherwise refinanced. (2) Weighted average interest rate based on balance outstanding as of September 30, 2021. (3) See Definitions in the Appendix for a full description. Conservative Leverage Profile

9 Resilient Performance HTI remains focused on growing its portfolio by diligently acquiring high - quality MOB assets and constructing a forward Leasing Pipeline that is expected to increase MOB and NNN occupancy to nearly 92% MOB and NNN Exposure (2) MOB and NNN Occupancy Strong Acquisition Pace x Year over year, HTI’s concentration of MOB and NNN assets increased from 60% to 68% in part due to high - quality MOB acquisitions, which management believes to have more predicable cash flows than SHOP assets, and strategic SHOP dispositions x Forward Leasing Pipeline of 12,000 SF that is expected to increase MOB and NNN Occupancy to 91.8% (1) x Through Q3’21, HTI continued to grow its high - quality portfolio and closed on 14 acquisitions totaling $147 million at a weighted average Cap Rate of 7.7% Operating Highlights (1) Assuming no expirations or terminations and that non - binding letter of intent will lead to a definitive lease that will commence on its contemplated terms, or at all, which is not assured. Leases and potential leases in the Forward Leasing Pipeline comme nc e at various times during 2021 and 2022. The Forward Leasing Pipeline should not be considered an indication of future performance . (2) Percentages are based on NOI for the nine months ended September 30, 2021 and for the nine months ended September 30, 2020. S ee appendix for Non - GAAP reconciliations. $109.6 $147.4 FY'2020 YTD 2021 91.5% 91.8% Q3'2021 Q3'2021 + Q4'2021 Leasing Pipeline 60.4% 68.6% Q3 2020 Q3 2021

10 Company Highlights HTI remains focused on generating leasing momentum, collecting 100% of the original Cash Rent due across the MOB and NNN portfolios and acquiring high - quality MOB properties while maintaining moderate leverage x Collected approximately 100% of the original Cash Rent due from the Company’s MOB and NNN portfolios in 2021 and 2020 (1) x High - Quality Portfolio of 201 healthcare properties comprised of 59% MOB, 32% SHOP and 9% NNN properties (2) x Diligent Acquisition Program (3) of over $160 million closed and pipeline acquisitions at a 7.7% weighted average Cap Rate, including six acquisitions closed in Q3’21 for $104 million at a 7.8% weighted average Cap Rate. 2021 closed acquisitions are expected to generate approximately $13 million in Annualized Straight - Line Base Rent x Resilient Performance with year over year increases in MOB and NNN portfolio exposure (2) and a forward Leasing Pipeline of 12,000 SF that is expected to increase MOB and NNN Occupancy to 91.8% (4) x Conservative Balance Sheet with Net Leverage of 41.3% x Experienced Management Team with a proven track record and significant public REIT experience (1) See slide 3 for further details. (2) Percentages based on NOI for the nine months ended September 30, 2021. See appendix for Non - GAAP reconciliations. (3) See slide 7 for further details. (4) Assuming no expirations or terminations and that non - binding letter of intent will lead to a definitive lease that will commence on its contemplated terms, or at all, which is not assured. Leases and potential leases in the Forward Leasing Pipeline comme nc e at various times during 2021 and 2022. The Forward Leasing Pipeline should not be considered an indication of future performance .

11 Experienced Leadership Team Jason Doyle Chief Financial Officer, Secretary, and Treasurer Mr. Doyle currently serves as the Chief Financial Officer, Treasurer and Secretary for HTI and also as Chief Financial Officer for American Finance Trust, Inc. (NASDAQ: AFIN). Mr. Doyle is a certified public accountant in Rhode Island, holds a B.S. from the University of Rhode Island and an M.B.A. from Babson College. Leslie D. Michelson Non - Executive Chairman, Audit Committee Chair Mr. Michelson has served as the chairman of Private Health Management, a retainer - based primary care medical practice management company from April 2007 until February 2020, and executive chairman and a director since March 2020. Mr. Michelson served as Vice Chairman and Chief Executive Officer of the Prostate Cancer Foundation, the world’s largest private source of prostate cancer research funding, from April 2002 until December 2006 and served on its board of directors from January 2002 until April 2013. David Ruggiero Vice President, Acquisitions Mr. Ruggiero currently serves as Vice President at the Company’s advisor with a primary focus on acquisitions. Mr. Ruggiero has over 20 years of commercial real estate experience and has advised on over $3 billion in healthcare real estate dispositions, acquisitions and financings. He earned an MS in Finance from Kellstadt Graduate School of Business at DePaul University and a BA from DePaul University. Trent Taylor Vice President, Asset Management Mr. Taylor currently serves as Vice President at the Company’s advisor with a primary focus on asset management and leasing. Mr. Taylor has over 12 years of commercial real estate and development experience. He earned an MS in Real Estate from New York University and BA in Accounting & Finance from the University of Central Florida. Michael Weil Chief Executive Officer Mr. Weil was named Healthcare Trust Inc.’s chief executive officer on August 23, 2018, which went into effect on September 12, 2018. He is a founding partner of AR Global and has served as a leading executive and board member on several publicly - traded and non - traded real estate companies. Additionally, he previously served as the Senior VP of sales and leasing for American Financial Realty Trust. Mr. Weil also served as president of the Board of Directors of the Real Estate Investment Securities Association (n/k/a ADISA). John Rimbach President of Healthcare Facilities Mr. Rimbach brings a strong expertise in seniors housing management which he established over a 30 - year career. Prior to joining the Company’s advisor, Mr. Rimbach served as President/CEO and Founder of WESTLiving , LLC, where he provided overall leadership and strategic direction for this large seniors housing portfolio. Prior to that, Mr. Rimbach served as COO of AF Evans Company Inc. from 1999 to 2008, and was the Development Director of NCB Development Corporation from 1993 to 1999.

12 Dedicated SHOP Team Kimberly Holmes: VP – Operational Analytics ▪ 25 year career in senior housing and hospitality ▪ Her work on financial analysis, planning and benchmarking will translate into operational plans and action items for the portfolio Susan K. Rice, RN: VP – Clinical Operations ▪ 30 year career in the healthcare industry ▪ Extensive knowledge in clinical areas and processes to monitor and validate care outcomes, quality and compliance Patrick Collins: Chief Operating Officer ▪ Patrick’s responsibilities are to drive operational performance of HTI's operator/manager partners ▪ His 26 year career touches upon all aspects of operating a senior housing community John Rimbach: President of Healthcare Facilities ▪ Former President, CEO & Founder of WESTLiving ▪ 30 year career in the financing, development, acquisition, ownership and operation of senior housing portfolios Angie Ehlers: VP – Sales & Marketing ▪ Over her 26 year career, Angie has directed sales and marketing efforts at many senior level positions ▪ Her experience allows her to provide unique insight into markets and product positioning for the HTI SHOP portfolio John Rimbach joined the management team of HTI’s advisor along with his key operating personnel from WESTLiving . This experienced group plays an essential role in managing the Company’s significant operating portfolio

13 Board of Directors Lee M. Elman Independent Director Independent director of the Company since August 2015 Founder & President of Elman Investors Inc., an international real - estate investment banking firm 40+ years of real estate investment experience in the US and abroad Mr. Elman holds a J.D. from Yale Law School and a B.A. from Princeton University’s Woodrow Wilson School of Public and Intern ati onal Affairs Leslie Michelson Non - Executive Chairman, Audit Committee Chair Chairman of Private Health Management from April 2007 until February 2020, and executive chairman and a director since March 202 0 Vice Chairman and Chief Executive Officer of the Prostate Cancer Foundation, from April 2002 until December 2006 and served o n i ts board of directors from January 2002 until April 2013 B.J. Penn Independent Director Mr. Penn serves as president of Penn Construction Group, Inc., and as president and chief executive officer of Genesis IV, LL C Mr. Penn is the chairman of the board of directors of Spectra Systems Corporation, is a trustee emeritus at the George Washin gto n University and serves on the boards of the National Trust for the Humanities and the Naval Historic Foundation. Edward Rendell Independent Director Independent director of the Company since December 2015 45th Governor of the Commonwealth of Pennsylvania from 2003 through 2011 Mayor of Philadelphia from 1992 through 2000 Strong Corporate Governance Elizabeth K. Tuppeny Independent Director, Nominating and Corporate Governance Committee Chair Chief Executive Officer and founder of Domus, Inc., since 1993 30 years of experience in the branding and advertising industries, with a focus on Fortune 50 companies Ms. Tuppeny also founded EKT Development, LLC to pursue entertainment projects in publishing, feature film and education vide o g ames Majority Independent Board of Directors, including an audit committee and nominating and corporate governance committee comprised solely of independent directors Michael Weil Director Founding partner of AR Global Previously served as Senior VP of sales and leasing for American Financial Realty Trust Served as president of the Board of Directors of the Real Estate Investment Securities Association (n/k/a ADISA)

14 Legal Notice

15 Disclaimer References in this presentation to the “Company,” “we,” “us” and “our” refer to Healthcare Trust, Inc. (“ HTI”) and its consolidated subsidiaries. The statements in this presentation that are not historical facts may be forward - looking statements. These forward - looking state ments involve risks and uncertainties that could cause actual results or events to be materially different. Forward - looking statements may include, but are not limited to, statements regarding stockholder liquidity and investment value and returns. The words “anticipates,” “believes,” “expects,” “estimates, ” “ projects,” “plans,” “intends,” “may,” “will,” “would” and similar expressions are intended to identify forward - looking statements, although not all forward - loo king statements contain these identifying words. Actual results may differ materially from those contemplated by such forward - looking statements, including th ose set forth in the section titled Risk Factors of HTI’s Annual Report on Form 10 - K for the year ended December 31, 2020 filed on March 30 , 2021, the Company's Quarterly Reports on Form 10 - Q filed on May 14, 2021 and August 13, 2021 and all other filings with the SEC after that date, as such risks, uncertainties and other important factors may be updated from time to time in HTI’s subsequent reports. Please see pages 16 and 17 for further information. Further, fo rwa rd - looking statements speak only as of the date they are made, and HTI undertakes no obligation to update or revise any forward - looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results, unless required to do so by law. This presentation includes estimated projections of future operating results. These projections were not prepared in accordan ce with published guidelines of the SEC or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of financial projections. This information is not fact and should not be relied upon as being necessarily indicative of future results; the projections were pr epared in good faith by management and are based on numerous assumptions that may prove to be wrong. Important factors that may affect actual results an d cause the projections to not be achieved include, but are not limited to, risks and uncertainties relating to the company and other factors described in the section titled Risk Factors of HTI’s Annual Report on Form 10 - K for the year ended December 31, 2020 filed on March 30 , 2021, the Company's Quarterly Reports on Form 10 - Q filed on May 14, 2021 and August 13, 2021 and all other filings with the SEC after that date. The projections also reflect assumptions as to certain business decisions that are subject to change. As a result, actual results may differ materially from those contained in the estimates. Accordin gly , there can be no assurance that the estimates will be realized. This presentation includes certain non - GAAP financial measures, including net operating income (“NOI”). NOI is a non - GAAP measur es of our financial performance and should not be considered as alternatives to net income as a measure of financial performance, or any other pe rfo rmance measure derived in accordance with GAAP and they should not be construed as an inference that our future results will be unaffected by unusual o r n on - recurring items. The reconciliations of net income to NOI for the applicable period are set forth on page 20 to this presentation. Securities Ratings A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at a ny time. Each rating agency has its own methodology for assigning ratings and, accordingly, each rating should be evaluated independently of any other rating.

16 Forward Looking Statements Certain statements made in this presentation are “forward - looking statements” (as defined in Section 21E of the Exchange Act), w hich reflect the expectations of the Company regarding future events. The forward - looking statements involve a number of risks, uncertainties and other factor s that could cause actual results to differ materially from those contained in the forward - looking statements. Such forward - looking statements include, bu t are not limited to, market and other expectations, objectives, and intentions, as well as any other statements that are not historical facts. Our potential risks and uncertainties are presented in the section titled Risk in the section titled “Item 1A - Risk Factors” disc losed in our Annual Report on Form 10 - K for the year ended December 31, 2020 filed with the SEC on March 30, 2021, the Company's Quarterly Report on Form 10 - Q filed on May 14, 2021 as well as all other filings with the SEC after that date. We disclaim any obligation to update and revise statements contain ed in these materials to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law. The following are some of the risks and uncertainties relating to us, although not all risks and uncertainties, that could cause our actual results to differ materially from those presented in our forward - looking statements: • Our operating results are affected by economic and regulatory changes that have an adverse impact on the real estate market i n g eneral. • Our property portfolio has a high concentration of properties located in Pennsylvania, Iowa and Florida. Our properties may b e a dversely affected by economic cycles and risks inherent to those states. • Our Credit Facility restricts us from paying cash distributions on or repurchasing our common stock until we make an election to do so and are able to meet certain liquidity and leverage conditions, which is not assured, and there can be no assurance we will be able to resume pa ying distributions on our common stock, and at what rate, or continue paying dividends on our 7.375% Series A Cumulative Redeemable Perpetual Preferred St ock and our 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock at their current rates. • Our Credit Facility restricts our ability to use cash that would otherwise be available to us, and there can be no assurance our available liquidity will be sufficient to meet our capital needs. • We are subject to risks associated with a pandemic, epidemic or outbreak of a contagious disease, such as the ongoing global COV ID - 19 pandemic, including negative impacts on our tenants and operators and their respective businesses. • In the Company's SHOP portfolio, due to the COVID - 19 pandemic, occupancy had trended lower since March 2020 and the declines onl y recently began to level off in June 2021 and, starting mid - March 2020, operating costs began to rise materially, including for services, labor and personal protective equipment and other supplies. At our SHOP facilities, we bear these cost increases. These trends accelerated begin nin g in the second quarter of 2020 and continued into 2021. There can be no assurance, however, that future developments in the course of the pandemic w ill not cause further adverse impacts to the Company’s occupancy and cost levels, and these trends may continue to impact the Company and have a ma ter ial adverse effect on the Company’s revenues and income in other quarters.

17 Forward Looking Statements (Continued) • No public market currently exists, or may ever exist, for shares of our common stock and our shares are, and may continue to be, illiquid. • In owning properties we may experience, among other things, unforeseen costs associated with complying with laws and regulati ons and other costs, potential difficulties selling properties and potential damages or losses resulting from climate change. • We focus on acquiring and owning a diversified portfolio of healthcare - related assets located in the United States and are subje ct to risks inherent in concentrating investments in the healthcare industry. • The healthcare industry is heavily regulated, and new laws or regulations, changes to existing laws or regulations, loss of l ice nsure or failure to obtain licensure could result in the inability of tenants to make lease payments to us. • We depend on tenants for our rental revenue and, accordingly, our rental revenue is dependent upon the success and economic v iab ility of our tenants. If a tenant or lease guarantor declares bankruptcy or becomes insolvent, we may be unable to collect balances due under relevant leases. • We assume additional operational risks and are subject to additional regulation and liability because we depend on eligible i nde pendent contractors to manage some of our facilities. • We have substantial indebtedness and may be unable to repay, refinance, restructure or extend our indebtedness as it becomes due . Increases in interest rates could increase the amount of our debt payments. We may incur additional indebtedness in the future. • We depend on the Advisor and Property Manager to provide us with executive officers, key personnel and all services required for us to conduct our operations. • All of our executive officers face conflicts of interest, such as conflicts created by the terms of our agreements with the A dvi sor and compensation payable thereunder, conflicts allocating investment opportunities to us, and conflicts in allocating their time and attention to our mat ters. Conflicts that arise may not be resolved in our favor and could result in actions that are adverse to us. • We have long - term agreements with our Advisor and its affiliates that may be terminated only in limited circumstances and may re quire us to pay a termination fee in some cases. • Estimated Per - Share NAV may not accurately reflect the value of our assets and may not represent what a stockholder may receive on a sale of the shares, what they may receive upon a liquidation of our assets and distribution of the net proceeds or what a third party may pay to acquire us . • The stockholder rights plan adopted by our board of directors, our classified board and other aspects of our corporate struct ure and Maryland law may discourage a third party from acquiring us in a manner that might result in a premium price to our stockholders. • Restrictions on share ownership contained in our charter may inhibit market activity in shares of our stock and restrict our bus iness combination opportunities. • We may fail to continue to qualify as a REIT.

18 Appendix

19 Definitions Annualized Straight - Line Base Rent : Represents the total contractual base rents on a straight - line basis to be received throughout the duration of the lease currently in place expressed as a per annum value . Includes adjustments for non - cash portions of rent . Cap Rate : Capitalization rate is a rate of return on a real estate investment property based on the expected, annualized straight - lined rental income that the property will generate under its existing lease during its first year of ownership . Capitalization rate is calculated by dividing the annualized straight - lined rental income the property will generate (before debt service and depreciation and after fixed costs and variable costs) and the purchase price of the property . The weighted average capitalization rate is based upon square feet . Cash Rent : Represents total of all contractual rents on a cash basis due from tenants as stipulated in the originally executed lease agreements at inception or any lease amendments thereafter prior to a rent deferral agreement (see slide 3 for further information) . “Original Cash Rent” refers to contractual rents on a cash basis due from tenants as stipulated in their originally executed lease agreement at inception or as amended, prior to any rent deferral agreement . We calculate “Original Cash Rent collections” by comparing the total amount of rent collected during the period to the original Cash Rent due . Total rent collected during the period includes both original Cash Rent due and payments made by tenants pursuant to rent deferral agreements . Eliminating the impact of deferred rent paid, we collected approximately 100 % of original Cash Rent due in the third quarter of 2021 . Leasing Pipeline : Includes ( i ) all leases fully executed by both parties as of November 15 , 2021 , but after September 30 , 2021 and (ii) all leases under negotiation with an executed LOI by both parties as of November 15 , 2021 . This represents one executed new lease totaling approximately 2 , 200 square feet and four LOIs totaling approximately 9 , 800 square feet . No lease terminations or expirations occurred during this period . There can be no assurance that the LOIs will lead to definitive leases or will commence on its current terms, or at all . Leasing pipeline should not be considered an indication of future performance . Lease Term Remaining : Current portfolio calculated from September 30 , 2021 . Weighted based on square feet . Net Debt : Total gross debt of $ 1 . 2 billion per slide 8 less cash and cash equivalents of $ 29 . 8 million as of September 30 , 2021 . NOI : Defined as a non - GAAP financial measure used by us to evaluate the operating performance of our real estate . NOI is equal to revenue from tenants, less property operating and maintenance . NOI excludes all other items of expense and income included in the financial statements in calculating net income (loss) . Net Leverage : Represents “Net Debt” as defined above as debt less cash and cash equivalents divided by total assets of $ 2 . 2 billion (which includes cash and cash equivalents) plus accumulated depreciation and amortization of $ 555 . 1 million as of September 30 , 2021 . Occupancy : For NNN and MOB properties, occupancy represents percentage of square footage of which the tenant has taken possession of divided by the respective total rentable square feet as of the date or period end indicated . For SHOP, occupancy represents total units occupied divided by total units available as of the date or period end indicated .

20 Reconciliation of Non - GAAP Metrics: NOI Nine Months Ended September 30, 2021 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 79,839 $ 10,913 $ 155,850 $ 246,602 Property operating and maintenance (23,980) (1,993) (126,160) (152,133) NOI $ 55,859 $ 8,920 $ 29,690 94,469 Impairment charges (33,601) Operating fees to related parties (17,851) Acquisition and transaction related (2,453) General and administrative (13,318) Depreciation and amortization (59,390) Interest expense (36,016) Interest and other income 60 Gain on sale of real estate investments 2,284 (Loss) gain on non - designated derivatives (32) Income tax benefit (expense) (162) Net income attributable to non - controlling interests 229 Allocation for preferred stock (4,402) Net loss attributable to stockholders $ (70,183) Nine Months Ended September 30, 2020 (In thousands) Medical Office Buildings Triple - Net Leased Healthcare Facilities Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 77,970 $ 11,934 $ 200,830 $ 290,734 Property operating and maintenance (23,106) (1,850) (158,233) (183,189) NOI $ 54,864 $ 10,084 $ 42,597 107,545 Impairment charges (32,842) Operating fees to related parties (17,969) Acquisition and transaction related (680) General and administrative (14,622) Depreciation and amortization (60,589) Interest expense (38,677) Interest and other income 43 Gain on sale of real estate investments 2,306 (Loss) gain on non - designated derivatives (45) Income tax expense (benefit) (78) Net income attributable to non - controlling interests (223) Preferred stock dividends (2,224) Net loss attributable to stockholders $ (58,055)

21 HealthcareTrustInc.com ▪ For account information, including balances and the status of submitted paperwork, please call us at (866) 902 - 0063 ▪ Financial Advisors may view client accounts at www.computershare.com/advisorportal ▪ Shareholders may access their accounts at www.computershare.com/hti
Exhibit 99.2
Healthcare Trust, Inc. (NASDAQ:HTIA) Q3 2021Earnings Webcast
Opening – Louisa Quarto
Welcome to the third quarter 2021 Healthcare Trust, Inc., or HTI, webcast. All participants will be in listen-only mode.
Please note, this event is being recorded. Also note that certain statements and assumptions in this webcast presentation which are not historical facts will be forward-looking and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are subject to certain assumptions and risk factors which could cause the Company’s actual results to differ materially from the forward-looking statements. We refer all of you to our SEC filings including the Form 10-K for the year ended December 31, 2020, filed on March 30, 2021, and all other SEC filings after that date for a more detailed discussion of the risk factors that could cause these differences.
During today's call, we will discuss non-GAAP financial measures of HTI. These measures should not be considered in isolation or as a substitute for the financial results prepared in accordance with GAAP. The Company has provided a reconciliation of these measures to the most directly comparable GAAP measure as part of the third quarter 2021 investor presentation for HTI and part of the Quarterly Report on Form 10-Q for HTI for the quarter ended September 30, 2021 (both available on HTI’s website at www.healthcaretrustinc.com).
You may submit questions during today’s webcast by typing them in the box in the lower right of the screen and a member of our investor relations group will follow-up to answer questions directly after the presentation. Also, please note that later today a copy of the presentation and replay of the webcast will be available on the company’s website.
I would now like to turn the call over to Michael Weil, Chief Executive Officer. Please go ahead Mike.
Opening Script
HTI Webinar Script
Slide 2: Company Overview – (Mike Weil)
Thanks Louisa and thank you all for joining us today. The third quarter continued recent trends of resilient performance, growth through acquisitions, and counteracting the adverse impacts of the Covid-19 pandemic. In the third quarter, we closed on over $100 million of acquisitions that, combined with previously closed and pipeline acquisitions, will total over $160 million at a 7.7% weighted-average cap rate. Compared to 2020, we expect to invest nearly 50% more into acquisitions during 2021, based on contract purchase price. Our growth through acquisitions is supplemented by our leasing efforts, where we currently have a forward leasing pipeline of over 12,000 square feet. If all these agreements commence, we expect medical office building and triple-net portfolio occupancy will increase to 91.8%. The third quarter also marked the second quarter in a row of SHOP occupancy increases and growth in Net Operating Income in our MOB portfolio over the comparable quarter of 2020.
Our investment strategy remains anchored in our belief that the aging US population will need high-quality senior housing options for many years to come and that medical office buildings will remain a vital part of the US healthcare system. We’ve diligently constructed a $2.6 billion portfolio of high-quality assets primarily within these two segments to capitalize on this dynamic and the observable strong demographic tailwinds. At the end of the third quarter, these two segments represented 91% of HTI’s net operating income, with the balance coming from triple net leased healthcare facilities.
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Our continued execution on corporate initiatives, including external accretive acquisitions and dispositions, internal growth from leasing available space to high-quality tenants and property level operations and financial flexibility continues to position HTI for a liquidity event when our board determines the time is right.
Slide 3: Third Quarter Cash Rent Collection
Our diligent acquisitions underwriting process and strong underlying tenant fundamentals have been major contributors to our collection of approximately 100% of the original Cash Rent due in both our MOB and Triple Net segments for each of the last five quarters, as well as nearly 100% for the full year 2020 and year to date 2021. We expect this trend to continue through the remainder of 2021 and note that all rent that was deferred in prior periods has now been collected.
As a reminder from previous quarters, cash rental payments in the SHOP portfolio are primarily paid for by residents through private payer insurance or directly, and, to a lesser extent, by government reimbursement programs such as Medicaid and Medicare. These cash rental payments are subject to timing differences; therefore, we haven’t provided detail on the collection amounts for our SHOP segment.
Slide 4: Portfolio Snapshot
As of September 30, 2021, HTI owned 201 properties, totaling approximately 9.3 million rentable square feet in 33 states. The portfolio consisted of 131 medical office buildings, 54 seniors housing operating properties, two land parcels, and 14 triple-net properties consisting of post-acute and skilled nursing facilities and hospitals.
At quarter end, our medical office building portfolio was 90.9% occupied with a weighted-average remaining lease term of 4.9 years, a 4% increase over last quarter. The SHOP portfolio was 74.8% occupied, a level that is a direct result of COVID-19, but up 1.6% from last quarter. We believe that SHOP occupancy will rebound as the effects of COVID abate. In anticipation of this rebound, we have invested nearly $8 million in capital expenditures year-to-date to enhance and improve the marketability of our SHOP assets. To accelerate occupancy recovery, we’ve provided enhanced lead generation activities and sales training to our operating partners and built upon our existing online digital lead strategy. At the same time, we have made website enhancements to be visible, attractive, and competitive to seniors and their families who are in the market for housing options. Our SHOP management team has been traveling extensively to conduct site visits at all of our properties to evaluate operations, provide leadership and support to local staff, and ensure our brand standards are being upheld across the portfolio.
The triple-net leased post-acute/skilled nursing properties were 100% occupied with a weighted-average remaining lease term of 6.1 years. We also own six hospitals which were 90.7% leased and had a weighted-average remaining lease term of 5.5 years at quarter end.
Slide 5: Dynamic Portfolio Fundamentals
As previously mentioned, we have diligently constructed a portfolio mix which features a significant focus on MOB and SHOP assets, as we believe these two segments have favorable long-term demographic tailwinds. As we grow the portfolio and deploy strategic leasing initiatives, we plan to continue emphasizing these property types within our acquisition and asset management strategies.
We’ve elected to focus on Medical Office Buildings due to the growing demand from tenants as the ever-evolving healthcare system in the US encourages medical professionals to consolidate practices and locate near hospital campuses. We believe that the steady occupancy rates and NOI in this segment of our portfolio, as well as our success collecting rent, validates continued investment as w’ve been doing this year.
Our focus on SHOP assets is supported by our belief in long-term demographic tailwinds, which we believe will result in pent-up demand for seniors housing. As members of the Baby Boomer generation begin to approach their 80’s, we believe that demand for high-quality, service-focused, and strategically located seniors housing facilities will continue to increase. Our SHOPs are also primarily “private pay” and not as dependent on the policies of government or insurance providers for rent payment. Finally, our dedicated SHOP team collaborates with our aligned operators to manage our assets with the goal of maximizing benefits to residents, operators, and to HTI.
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We’ve worked diligently to construct a high-quality portfolio that is geographically well diversified across 33 states with only two states representing more than 10% of the total portfolio by square feet: Pennsylvania where we have a strong relationship with The University of Pittsburgh Medical Center, and Florida, where MOBs and seniors housing serve a large, retired population.
Slide 6: Strategic Partners
One of the most important aspects of a well-run healthcare real estate portfolio is the quality of the underlying tenants who occupy and operate the properties. Procuring well-respected brands and developing strong partnerships with them is a core focus of our asset management strategy in order to deliver superior long-term benefits for not only HTI, but for residents and practitioners who live and work at our properties.
In HTI’s MOB portfolio, we have tenants such as The University of Pittsburgh Medical Center, DaVita, Sentara, and Ascension. HTI’s SHOP operators have been consolidated to a high-quality roster including Jaybird Senior Living, Senior Lifestyle Corporation and Cedarhurst. As we’ve seen since the onset of the COVID-19 pandemic, the direct relationships we have developed with our tenants over time have become more valuable than ever as we work together to find solutions to unprecedented challenges across the country.
As we grow our portfolio, we continue to look for opportunities to add high-quality tenants to HTI’s MOB portfolio and to develop strong relationships with our current SHOP operators, who we trust to provide the best care for residents at our facilities.
Slide 7: Diligent Acquisitions
The third quarter was very active in terms of acquisitions, putting us on pace to complete accretive acquisitions in excess of $160 million for 2021 at a weighted-average cap rate of 7.7% and with 11.6 years of weighted-average remaining lease term. This pace is $50 million more than the amount completed in 2020 and nearly double our 2019 acquisitions. Annualized Straight-Line Base Rent for leases currently in place at properties acquired during 2021 is approximately $13 million with a weighted average lease term of approximately 12 years.
In the third quarter we closed on six MOB acquisitions for over $100 million and constructed a fourth quarter forward acquisition pipeline, as of November 15^th^, of $13.1 million comprised of three MOB properties at a weighted-average 7.5% cap rate. We believe we have a strong cash and liquidity position to continue diligently seeking accretive acquisitions at opportunistic cap rates.
Finally, before I turn it over to Jason, I’d like to address the announcement we made last week. As you’ve seen, Jason will be stepping down as CFO of HTI, but will remain with AR Global Investments, the parent of the Advisor to HTI. His resignation is not related to any disagreements or disputes with management or the Company. We simultaneously announced the appointment of Scott Lappetito as HTI’s new CFO, effective upon Jason’s departure. Scott previously served as Chief Accounting Officer of HTI. Scott has been with AR Global since 2016 and we’re extremely excited to bring him on board as HTI’s new CFO. Our deep bench of premier talent at AR Global is a testament to this successful transition and we’re excited to have Scott as the new CFO.
Jason, will you please take us through the financial results?
Slide 8: Conservative Leverage Profile–(Jason Doyle)
Thank you Mike, for the kind words. I know Scott will do a great job for HTI going forward.
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This slide provides a snapshot of HTI’s capital structure at the end of the third quarter. Net leverage was 41% with net debt of approximately $1.1 billion, gross asset value of $2.6 billion and a weighted-average interest rate of 3.6%. We have no debt maturities until 2023.
Subsequent to the quarter end, we completed an $80 million Series B Preferred Stock Offering that received a BBB- investment grade rating from Egan Jones Rating Company, which we believe reflects the high quality and diversified nature of HTI’s portfolio
Slide 9 Resilient Performance
HTI remains committed to driving portfolio and earnings growth through a variety of factors including external growth through accretive acquisitions, internal growth through active portfolio management, lease up of available space to high-quality healthcare brands and capital structure improvements. Year-over-year, portfolio exposure to MOB and triple-net properties increased to 69% based on NOI, in part due to continued MOB acquisitions and opportunistic SHOP dispositions. Our forward leasing pipeline continues to enhance our real estate portfolio with leading healthcare brands and increasing occupancy in the MOB and triple net portfolios as rent commences over time. Finally, we have already invested over 30% more in acquisitions during 2021 than we did in the full year 2020 and are expecting to end the year at over $160 million in acquisitions, and that’s nearly 50% more than last year.
I would now like to turn the call back to Mike for some color on the HTI team and some closing remarks.
Slide 10: Company Highlights – (MikeWeil)
Thanks Jason.
We continue to position HTI for a liquidity event and continued earnings growth by diligently constructing a high-quality portfolio through accretive acquisitions, an asset management platform focused on driving strong operational outperformance and generating leasing activity with leading healthcare brands. Our fourth quarter forward leasing pipeline is expected to increase MOB and triple-net Occupancy to 91.8% from 91.5% at the end of the third quarter. Year-over-year we’ve grown portfolio exposure to MOB and triple-net assets, which have proven to be a particularly strong segment through the Covid-19 pandemic. On the financial side, our underwriting and proactive asset management continues to result in nearly complete rent collection in the MOB and triple-net segments of our portfolio while we maintain moderate leverage and financial flexibility.
Our management team is the key to both ongoing performance and an eventual liquidity event based on management’s significant experience with public REITs and the healthcare industry.
Slide 11: Experienced Leadership Team
We believe we have the right team in place to execute our strategy to drive long-term value for HTI shareholders.
On the MOB real estate side, David Ruggiero and his team bring over 20 years of experience to HTI’s advisor, evaluating and negotiating hundreds of potential transactions per year while adhering to our strict investment guidelines and underwriting standards. Trent Taylor is our portfolio asset manager and ensures that our existing properties are leased, performing as expected and that our tenants’ needs are being met by local property managers.
Our team’s collective experience and excellent relationships with our tenants contributed to our ability to execute on such a significant quarter of acquisitions and build a pipeline for the rest of this year, while also growing MOB and triple-net occupancy through new and renewed leases.
Slide 12: Dedicated SHOP Team
Supplementing HTI’s leadership team, John Rimbach and his team are dedicated to managing our SHOP Portfolio.
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In 2018, HTI made a significant commitment to the SHOP segment of our portfolio and brought John and other key operating personnel from WESTLiving to HTI’s advisor to manage our SHOP properties. John’s team has extensive experience in the Seniors Housing space and has already made significant improvements to this segment of our portfolio, both operationally and through advising on potential real estate acquisitions and dispositions.
The last two years have required our SHOP team to work tirelessly to create a safe environment for our residents that balanced providing care, meeting ever-changing regulations related to COVID-19 and safely operating a business with thousands of employees. A second consecutive quarter of occupancy increases in the SHOP portfolio is evidence that their work with our operators is beginning to pay off, and we believe the initiatives this team has led to increase the marketability of our properties will continue to generate results in the future.
Slide 13: Strong Corporate Governance
HTI has an engaged board of directors, led by non-exec chair Leslie Michelson. Also serving on HTI’s board are Lee Elman, former Governor of Pennsylvania Ed Rendell, Elizabeth Tuppeny and B.J. Penn. The board is comprised of a majority of independent directors, including an audit committee and a nominating and corporate governance committee made up of only independent directors. In addition to their distinguished careers, several of our board members currently or formerly have served on boards of publicly traded REITs.
Closing Statements – (Mike Weil)
As we close today’s call I want to reiterate the significant volume of acquisitions we’ve completed this quarter, which, combined with earlier acquisitions and fourth quarter pipeline, are expected to exceed $160 million for the year. We expect full-year 2021 acquisitions to be nearly 50% more than last year and double what we closed in 2019 to increase annualized straight-line rent in the portfolio by approximately $13 million. We continued to see strong performance in our MOB portfolio and are encouraged by increased occupancy in our SHOP portfolio, which is well-positioned to continue increasing while our team is laying the foundation for long-term growth in this segment. Finally, I’d like to thank Jason for his work at HTI this year. We’re excited for him to continue his CFO role at American Finance Trust, Inc. and for the simultaneous promotion of Scott Lappetito to the role of HTI’s CFO after his years with the company, most recently as Chief Accounting Officer. Our focus remains on the future, and positioning HTI for an eventual liquidity event. Thank you for joining us today and thank you for your continued support of HTI.
Operator Closes the Call
The conference has now concluded. If you have submitted questions during today’s webcast, a member of our investor relations group will follow-up to answer your questions. Also, please note that a copy of the presentation and replay of this webcast will be available on the company’s website at www.healthcaretrustinc.com. Thank you for attending today’s presentation. You may now disconnect.
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