National Healthcare Properties Kicks Off IPO Push
National Healthcare Properties, Inc. launched its public offering of 38.5 million shares of its Class A common stock pursuant to a registration statement on Form S-11 filed with the SEC. The initial public offering price is expected to be between $13.00 and $16.00 per share, and the company expects to grant the underwriters a 30-day option to purchase up to an additional 5.775 million shares to cover overallotments, if any. It applied to list its Class A common stock on Nasdaq under the ticker “NHP.” National Healthcare Properties intends to use the net proceeds received from the offering to repay approximately $186.0 million of outstanding indebtedness under its revolving credit facility,... Read More »
Brookdale’s Summer Test Ahead
Brookdale Senior Living reported its March occupancy results, and it unfortunately took another step in the wrong direction. We will get a better read when peers report first-quarter results and when NIC MAP releases its next tranche of occupancy data, but at this point, it seems as though Brookdale will need a particularly strong performance during the peak leasing months to show any real momentum, or even hold steady, in 2026. Same-community weighted average occupancy has now declined each month since October, falling 120 basis points over that stretch. Same-community month-end occupancy did not come in much better, down 100 basis points over the same time period. Brookdale pointed... Read More »
Another Senior Care REIT Files for IPO
Another senior care REIT is eyeing the public markets after filing a registration statement with the SEC for a proposed offering of Class A common stock. National Healthcare Properties’ offering remains subject to market conditions and other customary conditions, and the number of shares and pricing range have not yet been determined. And if completed, the company expects to list on the NASDAQ under the symbol “NHP.” The filing comes shortly after Janus Living completed its IPO at the end of March. While National Healthcare Properties is not solely focused on seniors housing like Janus Living, it represents another signal of confidence in the sector’s long-term fundamentals. And it throws... Read More »
ESI Adds Capital Markets & Debt Advisory Team
Evans Senior Investments has expanded its platform to now include a dedicated Capital Markets & Debt Advisory team to source debt solutions for its clients. Complementary to its brokerage/investment sales services and benefitting from Evans’ robust lender network, the new platform will facilitate acquisition financings, refinancings, recapitalizations, working capital and portfolio-level financings. Director Hank Fuller and Senior Capital Associate Jeremy Laboe will lead the capital markets practice. The team brings direct relationships with more than 500 capital sources across banks, debt funds and agency platforms, and they will utilize Evans’ proprietary transaction database... Read More »
Blueprint Adding HUD Lending Platform
Fresh off another record-setting year for investment sales activity, Blueprint announced a major expansion of its capital markets services to now include FHA/HUD lending and servicing capabilities. The firm is acquiring the existing FHA/HUD lending platform of MidCap Financial Services, and hiring Tony Marino, formerly of Cambridge Realty Capital Companies, to lead the practice alongside Chief Underwriter Ramona Mitchell, who has decades of experience in HUD lending. The move allows Blueprint to now offer long-term financing solutions to its clients, what it describes as a natural extension of its mission to provide best-in-class advisory services throughout the asset lifecycle. The... Read More »Schedule a demo
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