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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.
Key Figures
Shares beneficially owned:3,032,511 sharesPercent of class:6.9%Shares outstanding:44,275,000 shares+2 more
5 metrics
Shares beneficially owned3,032,511 sharesClass A common stock beneficially owned by the Zimmer reporting group
Percent of class6.9%Portion of outstanding Class A common stock attributed to the reporting group
Shares outstanding44,275,000 sharesClass A common stock outstanding as of May 8, 2026
Shared voting power3,032,511 sharesShares over which the group reports shared power to vote or direct the vote
Sole voting power0 sharesShares over which the group reports sole power to vote or direct the vote
"The Reporting Persons may be deemed the beneficial owners of 3,032,511 shares"
Beneficial owners are the people or entities that actually enjoy the economic benefits and control of shares or other assets, even when legal title is held by someone else such as a broker, custodian or trustee. Investors pay attention because beneficial owners hold the real voting power, receive dividends and can influence strategy and takeover outcomes — like the driver of a car who uses and maintains it while the bank holds the title — so disclosure shows who truly controls and benefits.
shared voting powerfinancial
"Shared power to vote or to direct the vote: 3,032,511"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared power to dispose or to direct the disposition of: 3,032,511"
Schedule 13Gregulatory
"Form Type: SCHEDULE 13G for National Healthcare Properties, Inc."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
percent of classfinancial
"Percent of class: 6.9 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in NHP does Zimmer Partners report owning?
Zimmer Partners and related entities report beneficial ownership of 3,032,511 shares of National Healthcare Properties Class A common stock, representing 6.9% of the outstanding class based on 44,275,000 shares outstanding as of May 8, 2026.
How is the 6.9% ownership in NHP calculated?
The reported 6.9% stake is calculated by dividing 3,032,511 owned shares by 44,275,000 Class A shares outstanding as of May 8, 2026, a figure taken from National Healthcare Properties’ reported outstanding share count.
Who are the reporting persons in the NHP Schedule 13G?
The reporting persons are Zimmer Partners, LP, Zimmer Financial Services Group LLC, Zimmer Partners GP, LLC, and Stuart J. Zimmer. Zimmer Partners, LP serves as investment manager to funds and accounts that collectively hold the reported NHP shares.
What voting power does Zimmer Partners have over NHP shares?
The reporting group indicates 0 shares with sole voting power and 3,032,511 shares with shared voting power. They likewise report shared dispositive power over the same 3,032,511 shares of National Healthcare Properties stock.
Does Zimmer Partners have sole dispositive power over any NHP shares?
No. The group reports no sole dispositive power and shared dispositive power over 3,032,511 shares of National Healthcare Properties Class A common stock, matching the amount they report as beneficially owned.
Which funds hold the NHP position managed by Zimmer Partners?
Zimmer Partners, LP is investment manager to ZP Master Utility Fund, Ltd., ZP Master MidCap Fund, Ltd., and other managed accounts. These vehicles, together referred to as the Zimmer Accounts, collectively hold the reported NHP stake.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
National Healthcare Properties, Inc.
(Name of Issuer)
Class A common stock, $0.01 par value per share
(Title of Class of Securities)
42226B501
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
42226B501
1
Names of Reporting Persons
Zimmer Partners, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,032,511.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,032,511.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,032,511.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.9 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
CUSIP Number(s):
42226B501
1
Names of Reporting Persons
Zimmer Financial Services Group LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,032,511.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,032,511.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,032,511.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.9 %
12
Type of Reporting Person (See Instructions)
OO, HC
SCHEDULE 13G
CUSIP Number(s):
42226B501
1
Names of Reporting Persons
Zimmer Partners GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,032,511.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,032,511.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,032,511.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.9 %
12
Type of Reporting Person (See Instructions)
OO, HC
SCHEDULE 13G
CUSIP Number(s):
42226B501
1
Names of Reporting Persons
Stuart J. Zimmer
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,032,511.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,032,511.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,032,511.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.9 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
National Healthcare Properties, Inc.
(b)
Address of issuer's principal executive offices:
3131 McKinney, Suite L10, Dallas, Texas, 75204
Item 2.
(a)
Name of person filing:
Zimmer Partners, LP, a Delaware limited partnership (the "Investment Manager"), Zimmer Financial Services Group LLC, a Delaware limited liability company ("ZFSG"), Zimmer Partners GP, LLC, a Delaware limited liability company (the "GP"), and Stuart J. Zimmer (collectively, the "Reporting Persons"). ZFSG is the sole member of the GP. Stuart J. Zimmer, a revocable trust for his benefit, and an irrevocable trust for his immediate family are the sole members of ZFSG. The GP is the general partner of the Investment Manager. The Investment Manager is the investment manager of ZP Master Utility Fund, Ltd. and ZP Master MidCap Fund, Ltd. and other managed accounts, (together, the "Zimmer Accounts").
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is c/o Zimmer Partners, LP, 9 West 57th Street, 33rd Floor New York, NY 10019.
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Class A common stock, $0.01 par value per share
(e)
CUSIP Number(s):
42226B501
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The Reporting Persons may be deemed the beneficial owners of 3,032,511 shares of Class A common stock, $0.01 par value per share ("Class A Common Stock"). The Reporting Persons may be deemed the beneficial owners of approximately 6.9% of the outstanding shares of Class A Common Stock. This percentage was determined by dividing 3,032,511 by 44,275,000, which is the number of shares of Class A Common Stock outstanding as of May 8, 2026, as reported in the Issuer's Form 10-Q filed on May 14, 2026, with the Securities and Exchange Commission. The Reporting Persons have the shared power to vote and dispose of the 3,032,511 shares of Common Stock beneficially owned.
(b)
Percent of class:
6.9 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
3,032,511
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
3,032,511
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Zimmer Partners, LP
Signature:
/s/ Jelena Napolitano
Name/Title:
Jelena Napolitano / Authorized Person
Date:
08/14/2026
Zimmer Financial Services Group LLC
Signature:
/s/ Stuart J. Zimmer
Name/Title:
Stuart J. Zimmer / Director
Date:
08/14/2026
Zimmer Partners GP, LLC
Signature:
/s/ Stuart J. Zimmer
Name/Title:
Stuart J. Zimmer / Director, Zimmer Financial Services Group LLC, its Managing Member
