National Healthcare Properties (Ticker: NHP US) is a United States-based real estate investment trust specializing in senior housing and outpatient medical facilities. Incorporated in Maryland, the company focuses its operations on two primary segments: Senior Housing Operating Properties (SHOP) and Outpatient Medical Facilities (OMF).

National Healthcare Properties plans to list on the NASDAQ on April 22, 2026, offering 38.5 million shares at an estimated price range of $13.00 to $16.00 per share. Based on the $14.50 midpoint, the IPO is expected to raise approximately $558.25 million.

As of December 31, 2025, the company's portfolio reportedly consisted of 37 senior housing communities and 130 outpatient medical facilities located across 29 states. According to filings, the SHOP segment utilizes RIDEA structures, which expose the company to the direct operating performance of the facilities. The OMF segment primarily leases single-tenant and multi-tenant properties to healthcare providers. The IPO is being managed by a syndicate of underwriters, with Wells Fargo Securities, Morgan Stanley, BMO Capital Markets, Goldman Sachs, and RBC Capital Markets acting as lead joint managers.