(Updated - April 6, 2026 8:14 AM EDT)
National Healthcare Properties (NHP) disclosed on Monday that it has filed for a proposed initial public offering to list on the Nasdaq.
The company provided a description of its business in the filing, stating: "We are a self-managed REIT that focuses on senior housing and healthcare real estate assets strategically positioned to capitalize on favorable demographic trends associated with a growing elderly U.S. population. As of December 31, 2025, our portfolio consisted of 37 senior housing communities, with 3,615 units, in our SHOP segment and 130 outpatient medical facilities, with approximately 3.7 million square feet of GLA, in our OMF segment. Our properties are located in 29 states, providing geographic diversification and exposure to markets that we believe exhibit strong senior housing and healthcare demand fundamentals."
The filing makes clear the company operates as a self-managed real estate investment trust with two operating segments identified as SHOP and OMF. The SHOP segment comprises senior housing communities measured in units, while the OMF segment is described in terms of gross leasable area for outpatient medical facilities.
In connection with the proposed offering, Wells Fargo, Morgan Stanley, and BMO Capital Markets are listed as the lead underwriters. The filing does not provide additional terms of the proposed offering in the public statement included with the disclosure.
The company emphasized geographic diversification across 29 states through its combined portfolio of senior housing and outpatient medical properties. The filing frames the portfolio as positioned to benefit from demographic trends related to an aging U.S. population and notes underlying demand fundamentals in the markets where the properties are located.
Beyond the registration filing and the underwriter appointments, the public information accompanying the filing does not include further details on offering size, timing, pricing, or how proceeds would be used. The disclosure presented focuses on the nature of the business, portfolio composition as of the end of 2025, and the named underwriters for the proposed Nasdaq IPO.