National Healthcare Properties Launches Public Offering

National Healthcare Properties, Inc. (NHP) launched a public offering of 38,500,000 shares of its Class A common stock under an S-11 registration statement. The initial public offering price is expected to be between $13.00 and $16.00 per share, and underwriters may be granted a 30-day option to buy up to an additional 5,775,000 shares to cover overallotments.

NHP applied to list its Class A common stock on the Nasdaq Global Select Market under the symbol NHP. The company plans to use net proceeds to repay approximately $186.0 million of outstanding revolving credit facility indebtedness, fund potential future property acquisitions, and for general corporate purposes.