National Healthcare Properties, Inc. SEC Filings

National Healthcare Properties, Inc. (NHP) reported that director Campbell Albert M III filed an initial ownership report as a director. The filing lists beneficial ownership of 690 shares of Common Stock, held as a direct position. No purchases, sales, or option exercises are reported; this Form 3 establishes the director’s starting ownership record.

Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh report beneficial ownership of Class A common stock of National Healthcare Properties, Inc.. They report beneficial ownership of 2,544,543 shares, representing 5.75% of the outstanding Class A common stock as of June 30, 2026.

The reporting persons have shared voting and dispositive power over all 2,544,543 shares and no sole voting or dispositive power. The position is held by Alyeska Master Fund, L.P., over which Alyeska Investment Group, L.P. exercises voting and investment control. Anand Parekh may be deemed a beneficial owner but disclaims beneficial ownership of these shares.

Rush Island-affiliated investment entities and managers reported a significant position in National Healthcare Properties, Inc. Class A common stock. The group of reporting persons, including Rush Island Master, LP, Rush Island Management, L.P., Rush Island Management GP LLC, Raleigh W. Nuckols, and Stephen Lewis Millham, reported beneficial ownership of 2,578,241 shares, representing 5.82% of the Class A common stock.

The reporting persons disclosed sole voting and dispositive power over 1,988,855 shares and shared voting and dispositive power over 589,386 shares. They state that Rush Island advisory clients are the direct owners of the securities and include customary disclaimers that the filing does not constitute an admission of beneficial ownership or of group status under Section 13(d) or 13(g).

National Healthcare Properties, Inc. has a new significant shareholder group. Zimmer Partners, LP and related entities, including Zimmer Financial Services Group LLC, Zimmer Partners GP, LLC, and Stuart J. Zimmer, report beneficial ownership of 3,032,511 shares of Class A common stock. They state this represents 6.9% of the outstanding Class A shares, based on 44,275,000 shares outstanding as of May 8, 2026, as reported by the company.

The Zimmer entities report shared power to vote and dispose of all 3,032,511 shares and no sole voting or dispositive power. The investment manager for the position is Zimmer Partners, LP, which manages various funds and accounts collectively holding the stake.

LaSalle Investment Management Securities LLC reports a significant ownership position in National Healthcare Properties, Inc. LaSalle is the beneficial owner of 3,351,644 shares of the company’s stock, representing 7.57% of the class.

LaSalle has sole voting power over 1,521,523 shares and sole dispositive power over all 3,351,644 shares, with no shared voting or dispositive power. The holdings are spread across one or more discretionary accounts it manages, and no single account holds more than five percent of the class.

Duff & Phelps Investment Management Co. reported a significant holding in National Healthcare Properties, Inc. Class A common stock. The firm beneficially owns 4,130,444 shares, representing 9.3% of the class. It holds sole voting power over 1,204,183 shares and shared voting power over 651,496 shares. Duff & Phelps also has sole dispositive power over 3,478,948 shares and shared dispositive power over 651,496 shares. The filing is signed by Chief Compliance Officer Kathleen Hegyi.

National Healthcare Properties, Inc., a Maryland REIT focused on senior housing and outpatient medical facilities, filed an automatic shelf registration statement on Form S-3 as a well-known seasoned issuer. The shelf permits the company or selling security holders to offer, from time to time, an indeterminate aggregate amount of common stock (including Class A common stock), preferred stock, stock purchase contracts, debt securities, guarantees, depositary shares, warrants and units.

As of June 30, 2026, the portfolio comprised 39 senior housing communities with 3,616 units and 130 outpatient medical facilities totaling approximately 3.7 million square feet across 29 U.S. states. The company operates through a senior housing operating portfolio using a RIDEA structure and an outpatient medical facilities segment. On April 23, 2026 it completed a public offering of 44,275,000 Class A common shares for gross proceeds of approximately $531.3 million.

The charter authorizes up to 350,000,000 shares of stock, including 200,000,000 common, 100,000,000 Class A common and 50,000,000 preferred shares. As of June 30, 2026, there were 72,904,876 common shares outstanding (including Class A that will convert on October 18, 2026), 3,289,061 Series A preferred and 2,850,427 Series B preferred shares outstanding. Class A common, Series A preferred and Series B preferred are listed on Nasdaq under “NHP,” “NHPAP” and “NHPBP,” respectively. Unless otherwise specified in a supplement, net proceeds from primary offerings under the shelf will be used for general corporate purposes, including investments, debt repayment, working capital and other purposes, while the company will not receive proceeds from sales by selling security holders.

National Healthcare Properties, Inc., a healthcare-focused REIT, generated Q2 2026 revenue from tenants of 87,530 (in thousands), up 2.6% year over year. Net loss attributable to common stockholders narrowed to 8,141 (in thousands), or $0.13 per share, from 24,189 (in thousands), or $0.85 per share, driven mainly by a 75.2% reduction in impairment charges and a 19.7% decline in interest expense. Operating income reached 5,086 (in thousands) versus a 5,518 (in thousands) loss a year earlier, and first-half operating cash flow improved to 30,620 (in thousands) from a use of 13,177 (in thousands).

In the senior housing operating portfolio (SHOP), NOI rose 27.0% to 13,013 (in thousands) on higher average occupancy of 84.1% and average monthly revenue per occupied room of $6,391. Outpatient medical facilities (OMF) NOI declined 2.4% to 20,398 (in thousands), though occupancy increased to 93.1%. As of June 30, 2026, the company owned 39 SHOP communities and 130 OMFs with gross asset value of approximately $2.3 billion.

Capital structure and growth activity were significant. In April 2026 the company issued 44,275,000 Class A common shares for aggregate gross proceeds of approximately $531.3 million, using part of the proceeds to repay $186.0 million outstanding on its revolving facility and boosting total stockholders’ equity to 1,054,124 (in thousands). It agreed to sell a portfolio of 86 OMFs for approximately $528.2 million, including about 278.0 million of secured debt to be defeased or assumed, and to sell one non-core SHOP community for approximately $42.0 million. Subsequent to quarter-end, it expanded unsecured credit facilities from $550 million to $1.2 billion, prepaid Fannie Mae Secured Debt, announced multiple SHOP acquisitions totaling $64.0 million, $117.6 million and $120.3 million, and approved full redemption of its Series A and B preferred shares for approximately $153.5 million.

FMR LLC and Abigail P. Johnson report beneficial ownership of Class A common stock of National Healthcare Properties Inc. They report beneficial ownership of 2,291,947 shares, representing 5.2% of the Class A common stock outstanding.

FMR LLC has sole voting power over 2,230,129 shares and sole dispositive power over the full 2,291,947 shares, with no shared voting or dispositive power. Abigail P. Johnson is reported with sole dispositive power over the same 2,291,947 shares, and no voting power, in her capacity associated with FMR.

One or more other persons have rights to receive dividends or sale proceeds from these securities, but no such person has an interest exceeding 5% of the total outstanding Class A common stock. The reporting is made on a Schedule 13G basis as a significant but non-controlling ownership position.