Deal Details

NHP Completes $462.0 Million Initial Public Offering

Real Estate

NHP initial public offering

Summary

National Healthcare Properties, Inc. (“NHP” or the “Company”) (NASDAQ: NHP) recently announced the pricing of its initial public offering of 38,500,000 shares of its Class A common stock (the “Offering”) at a price of $12.00 per share, generating $462.0 million in gross proceeds to the Company. NHP has granted the underwriters a 30-day option to purchase up to an additional 5,775,000 shares of its Class A common stock. The Company intends to use the net proceeds received from the Offering to repay outstanding indebtedness under its revolving credit facility, to fund potential future property acquisitions and for other general corporate purposes.

Baird served as a bookrunner on the Offering.

About

NHP is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on senior housing and outpatient medical facilities located in the United States. NHP is headquartered in New York, New York.

Real Estate

NHP initial public offering