National Healthcare Properties Files for Public Offering

The real estate investment trust plans to list shares on Nasdaq under the symbol 'NHP'.

Apr. 6, 2026 at 12:18pm

National Healthcare Properties, Inc. (NHP) has filed a registration statement with the SEC for a proposed public offering of its Class A common stock. The offering will be subject to market conditions and other customary conditions, and the number of shares and pricing have not yet been determined. NHP has applied to list its Class A common stock on The Nasdaq Global Select Market under the symbol 'NHP'.

Why it matters

The public offering will allow NHP to raise capital to fund its growth strategy of acquiring and investing in a diversified portfolio of healthcare real estate, with a focus on senior housing and outpatient medical facilities. As a publicly traded REIT, NHP will gain access to public markets to support its expansion plans.

The details

NHP has filed the registration statement on Form S-11 with the SEC. Wells Fargo Securities, Morgan Stanley, and BMO Capital Markets will serve as lead book-running managers for the offering, with several other banks acting as bookrunners and co-managers. The proposed offering will be made through a prospectus, which will be available from the lead underwriters once the registration statement is declared effective by the SEC.

  • NHP filed the registration statement on April 6, 2026.

The players

National Healthcare Properties, Inc.

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

Wells Fargo Securities

One of the lead book-running managers for the proposed public offering.

Morgan Stanley

One of the lead book-running managers for the proposed public offering.

BMO Capital Markets

One of the lead book-running managers for the proposed public offering.

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What’s next

The proposed offering will be subject to market conditions and other customary conditions, and there can be no assurance as to whether or when the offering may be commenced or completed. The SEC must also declare the registration statement effective before the shares can be sold.

The takeaway

NHP's planned public offering will provide the company with additional capital to support its growth strategy in the healthcare real estate sector, particularly in senior housing and outpatient medical facilities. As a publicly traded REIT, NHP will gain access to public markets to fund its expansion plans.