National Healthcare Properties Files Confidentially for IPO, Plans to Use Proceeds to Pay Down Debt and Grow Portfolio

National Healthcare Properties, Inc. (NASDAQ:NHPAP) ("NHP") announced today that it has confidentially submitted a draft registration statement on Form S-11 to the U.S. Securities and Exchange Commission ("SEC") relating to the proposed public offering and initial listing of NHP's shares of common stock (the "Offering"). NHP currently expects to use the net proceeds from the Offering to repay indebtedness outstanding under its revolving credit facility, to fund external growth with potential future property acquisitions and for other general corporate purposes.

The number of shares of common stock of NHP to be sold and the price range for the proposed offering have not yet been determined. Closing of the Offering is subject to market conditions, completion of the SEC's review, receipt of Nasdaq approval and other customary conditions.