ARC Healthcare Trust III Appoints Todd Jensen as Interim CEO
American Realty Capital Healthcare Trust III Inc., a publicly registered non-traded real estate investment trust, appointed Todd Jensen, the REIT’s president, to serve as interim chief executive officer. He will also serve as chief executive officer of the company’s advisor and property manager,
Jensen will continue to serve as president of the company, its advisor, and property manager, as well as serving as the chief investment officer of the advisor.
From April 2014 until December 2015, Jensen served as chief investment officer of the company, as well as executive vice president of the company, its advisor and property manager.
Jensen has also served as interim chief executive officer of Healthcare Trust since March 2016 and as president of Healthcare Trust since December 2015. He has served as chief investment officer of Healthcare Trust’s advisor since its formation in October 2012.
He has previously served as the executive vice president and chief investment officer of American Realty Capital Healthcare Trust Inc., its advisor and property manager from February 2011 until January 2015 when the company closed its merger with Ventas.
Jensen has nearly 25 years of experience in the financing and development of commercial real estate, with more than 20 of those years focused on the development, leasing and capitalization of healthcare-related real estate. He received a bachelor’s in economics and mathematics from Kalamazoo College and a master’s in business administration from University of Pennsylvania’s Wharton School.
American Realty Capital Healthcare Trust III focuses on healthcare-related assets including medical office buildings and senior housing communities. The company commenced operations in March 2015, and owns 19 properties totaling 468,000 rentable square feet. As of December 31, 2015, the REIT raised $167.2 million in investor equity, including DRIP shares.
The board terminated the offering in December 2015 following a series of scandals surrounding its sponsor and Realty Capital Securities, its dealer manager, which led to the termination of all AR Capital-sponsored investment programs and an agreement by RCS to terminate its business.
