Newly public REIT announces $528 million sale slated to close in the second half
By John B. Mugford
NHP has not disclosed which properties is plans to sell as part of its recently announced $528 million, 86-MOB portfolio sale. As part of an ongoing series of MOB dispositions, it previously sold the 314,790 square foot Pennsylvania Psychiatric Institute Polyclinic Campus in Harrisburg, Pa., to Veyron for about $54 million in March 2025. (Photo courtesy of Landmark Commercial Real Estate)
As it shifts its focus to seniors housing, New York-based National Healthcare Properties Inc. (Nasdaq: NHP), which just went public in April, has entered an agreement to sell a portfolio of 86 medical outpatient buildings (MOBs) with a total of about 2 million square feet of space for $528 million.
According to various news reports, as well as a Form 8-K filing with the U.S. Securities and Exchange Commission (SEC) announcing the pending sale, NHP has not revealed the buyer of the portfolio, nor has it identified the specific properties. The transaction is scheduled to close in the third quarter (Q3) or fourth quarter (Q4) of this year.
A March 5 investor presentation indicated that NHP’s portfolio consisted of 167 properties and a land parcel in 29 states, including 130 MOBs totaling nearly 3.7 million square feet, and 37 senior living facilities with a total of 3,615 units. So, barring any additional transactions, NHP will retain a portfolio of 44 MOBs totaling about 1.7 million square feet after the portfolio sale closes.
According to NHP, which refers to MOBs as outpatient medical facilities (OMFs),
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