National Healthcare Properties (Nasdaq: NHP) announced that Lindsay Gordon, its head of senior housing, has been elected to ASHA’s executive board.
Gordon is Executive Vice President and leads NHP’s senior housing asset management team. The American Senior Housing Association represents owners, operators, developers and investors in senior housing and advocates on federal policy.
National Healthcare Properties (NHP) will release its third-quarter 2026 financial results after market close on November 4, 2026.
The results cover the quarter ended September 30, 2026. Executive leadership will host a conference call and webcast on November 5, 2026, at 10:00 a.m. ET to review the results. A webcast replay will be available on the investor website shortly after the call concludes.
National Healthcare Properties (NHP) announced that all outstanding Class A common shares will automatically convert into common stock one-for-one. Common stock will begin trading on the Nasdaq Global Market at 9:30 a.m. Eastern time on October 19, 2026. Shareholders need not take action. The conversion will not affect holders’ economic rights or company operations; the common stock retains the same rights, including one vote per share.
National Healthcare Properties (NHP) declared a quarterly dividend of $0.075 per share on its common stock. The dividend includes Class A Common Stock and will be paid in cash on October 16, 2026, to holders of record at the close of business on October 12, 2026.
National Healthcare Properties (NHP) agreed to sell 40 outpatient medical facilities for approximately $531 million, advancing its planned exit from the segment.
The price represents a 6.9% nominal cap rate. The company expects a 6.5% economic cap rate and estimated cash proceeds of $511 million before transaction expenses and property operating prorations. It expects the sale to close in the fourth quarter of 2026 and plans to use proceeds to repay its revolving credit balance and fund senior housing operating portfolio (SHOP) acquisitions.
A non-binding letter of intent covers its final four outpatient facilities for $11 million in gross proceeds. Including a previously announced 86-facility sale for approximately $528 million, the company expects to exit the segment. Its SHOP acquisition pipeline covers 724 units and approximately $244 million. Based on announced disposition and capital markets transactions and closed SHOP acquisitions, it expects net debt to Further Adjusted EBITDA near 0x using second-quarter 2026 financials.
National Healthcare Properties (NHP) completed a series of senior housing acquisitions over the past three months, including a senior housing operating portfolio (SHOP) deal valued at approximately $98 million. This core transaction covered two Midwestern senior housing communities with 211 units, adding assisted living and memory care units to NHP's predominantly needs-based SHOP portfolio, which will be operated by one of its existing partners.
In parallel, NHP acquired nine additional senior housing communities in Florida, Oregon, Illinois, and Iowa. Across all the completed deals, the company added more than 780 units of senior housing in multiple U.S. markets, further expanding and diversifying its health care real estate footprint. Greenberg Traurig advised NHP on all of the transactions, with dedicated real estate and corporate teams leading the work from New York and Chicago.
National Healthcare Properties (NHP) has closed the first tranche of its sale of 86 outpatient medical facilities for approximately $528 million. This completed tranche consists primarily of multi-tenant properties and generated about $79 million in net cash proceeds before transaction expenses, property operating prorations and other adjustments.
The buyer is expected to close on the remaining 56 facilities in the fourth quarter of 2026, subject to customary conditions and assumption of roughly $220 million of secured debt under Secured Term Loan 4 due 2033. In connection with the sale, the company fully repaid Secured Term Loan 1 due 2028 and Secured Term Loan 3 due 2031, totaling $119 million, including $60 million secured by other outpatient medical facilities, which reduces secured indebtedness and increases capital flexibility.
National Healthcare Properties (Nasdaq: NHP) will redeem all outstanding preferred stock, including 3,289,061 shares of 7.375% Series A and 2,850,427 shares of 7.125% Series B, at $25.00 per share plus accrued and unpaid dividends to, but not including, each series’ Redemption Date.
The Series A redemption date is September 4, 2026 and Series B is October 6, 2026. The shares currently trade as NHPAP (Series A) and NHPBP (Series B). Notices of redemption will be sent on August 5, 2026 for Series A and August 7, 2026 for Series B. Holders can obtain procedural details and copies of the notices from Computershare Trust Company, N.A. via phone or email.
National Healthcare Properties (Nasdaq: NHP) reported a second-quarter 2026 net loss attributable to common stockholders of $(0.13) per share, Nareit FFO of $0.19 per diluted share and Normalized FFO of $0.18 per diluted share, with Normalized FFO per share down 18.2% year-over-year while FFO per share was flat.
Same Store Cash NOI grew 6.8% overall, driven by SHOP Same Store Cash NOI growth of 20.1%, 84.1% SHOP occupancy and 5.9% RevPOR growth, partially offset by a 0.4% decline in OMF Same Store Cash NOI. The company completed or agreed to approximately $400 million of 2026 SHOP acquisitions and signed a $42 million sale of a non-core SHOP asset.
Net leverage improved to 4.9x from 9.2x year-over-year, supported by an April IPO that raised about $531.3 million and full repayment of revolving debt. In August, NHP recast its senior unsecured credit facilities, expanding total commitments from $550 million to $1.2 billion, extending maturities to 2029–2030 and reducing interest spreads, while repaying $332 million of Fannie Mae secured debt.
The Board declared a $0.075 quarterly common dividend and June 22 preferred dividends, and completed a preferred tender with an aggregate $28.1 million liquidation preference, generating about $2.0 million of annual dividend savings. NHP also appointed Albert M. Campbell, former CFO of Mid-America Apartment Communities, to its Board and audit committee, effective August 10, 2026.
For full-year 2026, NHP raised its SHOP Same Store Cash NOI growth guidance to 15.0%–18.0%, increased disposition expectations to $570 million, and modestly lifted guidance for total G&A and equity-based compensation, citing SHOP outperformance, a planned non-core sale and ongoing Board refreshment.
National Healthcare Properties (Nasdaq: NHP) will release its financial results for the quarter ended June 30, 2026 after market close on Wednesday, August 5, 2026. A conference call and webcast hosted by executive leadership will follow on Thursday, August 6, 2026 at 2:00 p.m. ET, with U.S./Canada and international dial-in options, pre-registration for a unique access code, and a replay available on the company’s investor website.