Greenberg Traurig Advises National Healthcare Properties on Senior Housing Acquisitions in Multiple States
NHP expanded its U.S. senior housing footprint with over 780 units acquired, including a $98 million SHOP portfolio in the Midwest.
Rhea-AI Summary
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.
Positive
- SHOP portfolio acquisition valued at approximately $98 million for two Midwest communities
- Portfolio expansion of more than 780 senior housing units across multiple U.S. markets
- Diversification with added assisted living and memory care units to NHP's SHOP portfolio
Negative
- None.
Key Figures
- SHOP acquisition value
- approximately $98 million
- senior housing operating portfolio acquisition
- Communities acquired
- 2 communities
- Midwest senior housing portfolio
- Units acquired
- 211 units
- two Midwest senior housing communities
- Additional communities
- 9 communities
- Florida, Oregon, Illinois, and Iowa
- Portfolio expansion
- more than 780 units
- combined senior housing transactions across multiple U.S. markets
Historical Context
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Closed approximately $197 million of SHOP acquisitions totaling 933 units across U.S. regions.
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Reported approximately $400 million of 2026 SHOP acquisitions completed or agreed.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
real estate investment trust financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Among the transactions was a senior housing operating portfolio (SHOP) acquisition valued at approximately
In addition, Greenberg Traurig represented NHP in the acquisition of nine senior housing communities located in
"It has been a privilege to work with National Healthcare Properties as the company continues to expand its health care real estate portfolio and pursue strategic acquisition opportunities," said Greenberg Traurig Global Real Estate Practice Co-Chair Michael J. Baum, who represented NHP in the transactions. "We are proud to serve as trusted counsel to NHP and to help the company navigate complex transactions that support its business objectives. We look forward to continuing our work together in the years ahead."
"Greenberg Traurig has been an invaluable legal adviser as we continue to execute on our strategic growth initiatives," NHP General Counsel Jie Chai said. "The team's deep understanding of our business and ability to navigate complex transactions across multiple jurisdictions have helped us efficiently achieve both our legal and business objectives. We appreciate their ongoing counsel and look forward to continuing our work together."
In addition to Baum, the Greenberg Traurig team representing NHP in the SHOP transaction was led by
About Greenberg Traurig: Greenberg Traurig, LLP has approximately 3,200 lawyers across 51 locations in the United States, Europe, the Middle East, Latin America, and Asia. The firm's broad geographic and practice range enables the delivery of innovative and strategic legal services across borders and industries. Recognized as a 2025 BTI "Best of the Best Recommended Law Firm" by general counsel for trust and relationship management, Greenberg Traurig is consistently ranked among the top firms on the Am Law Global 100, NLJ 500, and Law360 400. Greenberg Traurig is also known for its philanthropic giving, culture, innovation, and pro bono work. Web: www.gtlaw.com.
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SOURCE Greenberg Traurig, LLP
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What types of senior housing assets did NHP add through the $98 million SHOP acquisition?
The approximately $98 million SHOP acquisition covered two senior housing communities in the Midwest comprising 211 units. According to National Healthcare Properties, these communities add assisted living and memory care units to its predominantly needs-based SHOP portfolio, and they will be managed by one of the company's existing operating partners.
In which states are the additional senior housing communities NHP acquired located?
Beyond the Midwest SHOP deal, National Healthcare Properties acquired nine senior housing communities located in Florida, Oregon, Illinois, and Iowa. Collectively, these acquisitions contributed to more than 780 senior housing units added to NHP's portfolio across multiple U.S. markets.
Who advised National Healthcare Properties on these senior housing acquisitions?
Global law firm Greenberg Traurig advised National Healthcare Properties on the entire series of senior housing acquisitions. The SHOP transaction team was led by New York Real Estate Shareholder Helena Raifman, with Chicago Corporate Shareholder Chad D. Striker and Chicago Real Estate Associate Alec Kraus. The additional transactions were led by Chicago Real Estate Shareholder Joseph R. Rudas, assisted by Associate Michael A. Feldman and Senior Paralegal Julie Smoak.