National Healthcare Properties Provides Transaction Updates

Approximately $197 million of SHOP Acquisitions Closed Year-to-Date Disposal of Non-Core SHOP Community Under Definitive Agreement

NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHP) (the “Company”), a self-managed real estate investment trust focused on acquiring, owning and investing in a diversified portfolio of healthcare real estate, with an emphasis on providing senior housing to serve a growing elderly population in the United States, today provided the following business updates:

SHOP Acquisitions of Approximately $197 Million

In late June 2026, the Company acquired two senior housing operating portfolio (“SHOP”) communities located in the Midwest with a total of 211 units for a purchase price of $98 million. The communities will be managed by one of the Company's existing operating partners.

In early July 2026, the Company acquired 14 SHOP communities comprised of 722 units and located across several Midwestern, Southern and Mid-Atlantic states for a purchase price of approximately $99 million. The communities will be managed by two of the Company's existing operating partners.

In aggregate, these acquisitions will add 882 assisted living units and 51 memory care units to the Company's predominantly needs-based SHOP portfolio. These communities are forecasted to achieve year-one and year-three weighted average yields of approximately 7.8% and 9.7%, respectively.

Non-Core SHOP Disposition

In May 2026, the Company entered into a definitive purchase and sale agreement to sell one non-core SHOP community in California for approximately $42 million, equating to a 1.7% trailing twelve-month yield. The community is currently encumbered by a Fannie Mae loan which the Company plans to fully repay prior to the closing of the sale.

Michael Anderson, Chief Executive Officer and President, commented, "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. Importantly, our planned SHOP disposition will provide an additional source of attractive equity capital to fund a growing acquisition pipeline while also reducing leverage."

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