National Healthcare Properties acquires $197M in senior housing assets

National Healthcare Properties, Inc. (Nasdaq: NHP) announced a series of acquisitions and a planned disposition totaling approximately $239 million in transaction value, according to a press release from the company.

In late June 2026, the company acquired two senior housing operating portfolio (SHOP) communities in the Midwest, comprising 211 units, for $98 million. In early July 2026, NHP acquired 14 additional SHOP communities with 722 units across Midwestern, Southern, and Mid-Atlantic states for approximately $99 million. Combined, the acquisitions add 882 assisted living units and 51 memory care units to the company's portfolio.

The 16 communities will be managed by existing operating partners of the company. NHP projects year-one and year-three weighted average yields of approximately 7.8% and 9.7%, respectively, for these acquisitions.

In May 2026, NHP entered a definitive purchase and sale agreement to sell one non-core SHOP community in California for approximately $42 million, representing a 1.7% trailing twelve-month yield. The property carries a Fannie Mae loan that the company plans to repay in full before the sale closes.

Chief Executive Officer and President Michael Anderson stated, "These transactions deepen our footprint across the Midwest and perpetuate our focus on needs-based, private pay SHOP communities where our asset management platform and operator relationships have added and will continue to add additional value."

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