National Healthcare Properties, Inc. launched concurrent cash tender offers of up to $100 million in aggregate to repurchase its 7.375% Series A and 7.125% Series B cumulative redeemable perpetual preferred stock.
Both series are offered at $22.50 per share, less any applicable withholding taxes and without interest. The offers commence on May 18, 2026 and are intended to expire at 5:00 p.m. New York City time on June 16, 2026, unless extended or terminated. The company plans to fund the repurchases with available cash.
Series A shares have higher purchase priority than Series B, and within each offer, holders of fewer than 100 shares who tender all their holdings receive “odd lot” priority. If tenders exceed the $100 million cap, Series B tenders may be prorated. The offers are not contingent on financing or any minimum number of shares, but remain subject to other conditions detailed in a forthcoming Offer to Purchase and related Schedule TO materials.
National Healthcare Properties, Inc. launched concurrent cash tender offers of up to $100 million in aggregate to repurchase its 7.375% Series A and 7.125% Series B cumulative redeemable perpetual preferred stock.
Both series are offered at $22.50 per share, less any applicable withholding taxes and without interest. The offers commence on May 18, 2026 and are intended to expire at 5:00 p.m. New York City time on June 16, 2026, unless extended or terminated. The company plans to fund the repurchases with available cash.
Series A shares have higher purchase priority than Series B, and within each offer, holders of fewer than 100 shares who tender all their holdings receive “odd lot” priority. If tenders exceed the $100 million cap, Series B tenders may be prorated. The offers are not contingent on financing or any minimum number of shares, but remain subject to other conditions detailed in a forthcoming Offer to Purchase and related Schedule TO materials.
National Healthcare Properties, Inc. entered into a definitive purchase and sale agreement to sell a portfolio of 86 outpatient medical facilities for approximately $528 million, including about $278 million of secured debt to be defeased or assumed by the purchaser.
The agreement with an unaffiliated third party includes customary representations, covenants and post-closing obligations. The transaction is expected to close in the third or fourth quarter of 2026, subject to the purchaser’s due diligence, lender approval of loan assumptions and other customary closing conditions. This Form 8‑K/A amends the prior report solely to correct a typographical error.
National Healthcare Properties, Inc. entered into a definitive purchase and sale agreement to sell a portfolio of 86 outpatient medical facilities for approximately $528 million, including about $278 million of secured debt to be defeased or assumed by the purchaser.
The agreement with an unaffiliated third party includes customary representations, covenants and post-closing obligations. The transaction is expected to close in the third or fourth quarter of 2026, subject to the purchaser’s due diligence, lender approval of loan assumptions and other customary closing conditions. This Form 8‑K/A amends the prior report solely to correct a typographical error.
National Healthcare Properties, Inc. reported results of its 2026 annual stockholder meeting. Stockholders present in person or by proxy held 14,327,574 common shares out of 28,412,183 entitled to vote, representing approximately 50.42% of voting power, which established a quorum.
All six director nominees — Leslie D. Michelson, Scott W. Humphrey, Elizabeth K. Tuppeny, B.J. Penn, Edward M. Weil, Jr. and Michael Anderson — were elected to serve until the 2027 annual meeting. Stockholders also ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026.
In advisory votes, stockholders approved the resolution on the compensation of named executive officers and supported holding this advisory vote every year. Based on these results, the board determined that say-on-pay advisory votes will be held annually until at least the 2032 annual meeting.
National Healthcare Properties, Inc. reported results of its 2026 annual stockholder meeting. Stockholders present in person or by proxy held 14,327,574 common shares out of 28,412,183 entitled to vote, representing approximately 50.42% of voting power, which established a quorum.
All six director nominees — Leslie D. Michelson, Scott W. Humphrey, Elizabeth K. Tuppeny, B.J. Penn, Edward M. Weil, Jr. and Michael Anderson — were elected to serve until the 2027 annual meeting. Stockholders also ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the year ending December 31, 2026.
In advisory votes, stockholders approved the resolution on the compensation of named executive officers and supported holding this advisory vote every year. Based on these results, the board determined that say-on-pay advisory votes will be held annually until at least the 2032 annual meeting.
National Healthcare Properties reported a larger net loss for Q1 2026 while reshaping its balance sheet and portfolio. Revenue from tenants was $86.3 million, roughly flat year over year, but net loss widened to $4.3 million, or $0.27 per share, mainly because 2025 benefited from a large gain on property sales that did not recur.
Property operating costs declined and no impairments were recorded, lifting total NOI for the SHOP and OMF segments to $33.4 million, up from $28.6 million. The company ended the quarter with $2.2 billion of real estate investments at cost and total debt of $1.04 billion, a leverage ratio of about 45%.
Subsequent to quarter-end, the company completed a $531.3 million Class A common stock offering, repaid $186.0 million on its revolving credit facility, agreed to sell a portfolio of 86 outpatient medical facilities for approximately $528.2 million including debt defeasance or assumption, and signed agreements to acquire three senior housing communities for roughly $125 million in total. These steps collectively point to an active capital recycling and deleveraging strategy focused on senior housing and selective outpatient assets.
National Healthcare Properties reported a larger net loss for Q1 2026 while reshaping its balance sheet and portfolio. Revenue from tenants was $86.3 million, roughly flat year over year, but net loss widened to $4.3 million, or $0.27 per share, mainly because 2025 benefited from a large gain on property sales that did not recur.
Property operating costs declined and no impairments were recorded, lifting total NOI for the SHOP and OMF segments to $33.4 million, up from $28.6 million. The company ended the quarter with $2.2 billion of real estate investments at cost and total debt of $1.04 billion, a leverage ratio of about 45%.
Subsequent to quarter-end, the company completed a $531.3 million Class A common stock offering, repaid $186.0 million on its revolving credit facility, agreed to sell a portfolio of 86 outpatient medical facilities for approximately $528.2 million including debt defeasance or assumption, and signed agreements to acquire three senior housing communities for roughly $125 million in total. These steps collectively point to an active capital recycling and deleveraging strategy focused on senior housing and selective outpatient assets.
National Healthcare Properties, Inc. reported first quarter 2026 results showing strong operating improvement but a GAAP net loss. Net loss attributable to common stockholders was $7.6 million, or $0.27 per share, while Nareit FFO reached $0.31 per diluted share and Normalized FFO was $0.26 per diluted share.
Same Store Cash NOI grew 12.0% year-over-year, led by 24.0% growth in the senior housing operating (SHOP) segment, where occupancy rose to 83.8% and margins expanded. The outpatient medical facility (OMF) segment delivered 5.5% Same Store Cash NOI growth with 94.0% ending occupancy.
The company is actively reshaping its portfolio, agreeing to acquire multiple senior living communities totaling over $125 million and to sell 86 outpatient medical facilities for about $528.2 million. Net leverage improved to 8.6x, and a subsequent IPO raised $531.3 million, with $186.0 million used to pay down the revolving credit facility.
National Healthcare Properties, Inc. reported first quarter 2026 results showing strong operating improvement but a GAAP net loss. Net loss attributable to common stockholders was $7.6 million, or $0.27 per share, while Nareit FFO reached $0.31 per diluted share and Normalized FFO was $0.26 per diluted share.
Same Store Cash NOI grew 12.0% year-over-year, led by 24.0% growth in the senior housing operating (SHOP) segment, where occupancy rose to 83.8% and margins expanded. The outpatient medical facility (OMF) segment delivered 5.5% Same Store Cash NOI growth with 94.0% ending occupancy.
The company is actively reshaping its portfolio, agreeing to acquire multiple senior living communities totaling over $125 million and to sell 86 outpatient medical facilities for about $528.2 million. Net leverage improved to 8.6x, and a subsequent IPO raised $531.3 million, with $186.0 million used to pay down the revolving credit facility.
Anderson Michael Ray reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. CEO, President and director Michael Ray Anderson reported compensation-related equity activity. He now directly holds 71,160 shares of common stock. He was granted 75,000 LTIP Units and 348,665 additional LTIP Units, each convertible into an equivalent number of OP Units and ultimately redeemable for cash or common stock.
The LTIP Units have no expiration dates. One grant vests in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, while another vests ratably on the first, second and third anniversaries of January 1, 2026, in each case subject to continued service.
Anderson Michael Ray reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. CEO, President and director Michael Ray Anderson reported compensation-related equity activity. He now directly holds 71,160 shares of common stock. He was granted 75,000 LTIP Units and 348,665 additional LTIP Units, each convertible into an equivalent number of OP Units and ultimately redeemable for cash or common stock.
The LTIP Units have no expiration dates. One grant vests in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, while another vests ratably on the first, second and third anniversaries of January 1, 2026, in each case subject to continued service.
BABIN ANDREW T. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. reported that Chief Financial Officer Andrew T. Babin received grants of LTIP Units as equity-based compensation. He was awarded 41,667 LTIP Units and 149,428 LTIP Units, each convertible into an equivalent number of operating partnership units and ultimately redeemable for cash or one share of common stock per unit.
The 41,667 LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. The 149,428 LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, also subject to continued service. LTIP Units do not have expiration dates, and Babin’s reported direct LTIP Unit holdings increased to 191,095 units after these awards.
BABIN ANDREW T. reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. reported that Chief Financial Officer Andrew T. Babin received grants of LTIP Units as equity-based compensation. He was awarded 41,667 LTIP Units and 149,428 LTIP Units, each convertible into an equivalent number of operating partnership units and ultimately redeemable for cash or one share of common stock per unit.
The 41,667 LTIP Units will vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. The 149,428 LTIP Units will vest ratably on the first, second and third anniversaries of January 1, 2026, also subject to continued service. LTIP Units do not have expiration dates, and Babin’s reported direct LTIP Unit holdings increased to 191,095 units after these awards.
PARK AILIN SEE reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. Chief Accounting Officer Ailin See Park received two awards of LTIP Units on April 30, 2026. One grant covered 5,209 LTIP Units, increasing that award balance to 30,209 units, and a separate grant covered 25,000 LTIP Units, with 25,000 units held after the grant. These LTIP Units are convertible into OP Units and ultimately redeemable for cash or common stock, and they vest over multi‑year schedules tied to continued service.
PARK AILIN SEE reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. Chief Accounting Officer Ailin See Park received two awards of LTIP Units on April 30, 2026. One grant covered 5,209 LTIP Units, increasing that award balance to 30,209 units, and a separate grant covered 25,000 LTIP Units, with 25,000 units held after the grant. These LTIP Units are convertible into OP Units and ultimately redeemable for cash or common stock, and they vest over multi‑year schedules tied to continued service.
MICHELSON LESLIE D reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Leslie D. Michelson received a grant of 12,500 LTIP Units on April 30, 2026 as equity compensation. Each LTIP Unit is linked to one unit of National Healthcare Properties Operating Partnership, L.P., which can later be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value.
The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. Following this filing, Michelson holds 95,971 shares of common stock directly, in addition to the 12,500 LTIP Units.
MICHELSON LESLIE D reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Properties, Inc. director Leslie D. Michelson received a grant of 12,500 LTIP Units on April 30, 2026 as equity compensation. Each LTIP Unit is linked to one unit of National Healthcare Properties Operating Partnership, L.P., which can later be redeemed for cash or, at the issuer’s election, one share of common stock or its cash value.
The LTIP Units vest in 25% increments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. Following this filing, Michelson holds 95,971 shares of common stock directly, in addition to the 12,500 LTIP Units.
National Healthcare Properties, Inc. director Humphrey Scott received a grant of 12,500 LTIP Units on April 30, 2026. These units were awarded at a price of $0.00 per unit as equity compensation, and Scott now directly holds 12,500 LTIP Units.
The LTIP Units vest in four equal 25% installments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, the LTIP Units can convert into operating partnership units, which are redeemable for cash or, at the issuer’s election, an equivalent number of common shares.
National Healthcare Properties, Inc. director Humphrey Scott received a grant of 12,500 LTIP Units on April 30, 2026. These units were awarded at a price of $0.00 per unit as equity compensation, and Scott now directly holds 12,500 LTIP Units.
The LTIP Units vest in four equal 25% installments on each of the first four anniversaries of the April 30, 2026 grant date, subject to continued service. After certain events and vesting, the LTIP Units can convert into operating partnership units, which are redeemable for cash or, at the issuer’s election, an equivalent number of common shares.