Overview
- Shares began trading on Nasdaq as NHP on Wednesday, following a $12-per-share sale of 38.5 million shares that raised $462 million.
- NHP said it will use proceeds to repay about $186 million on its revolving credit line and to pursue property purchases and other needs.
- The pricing values the company at about $814 million, a sharp discount to the board’s stated $32.15 per-share net asset value for end-2024.
- The portfolio spans 167 properties across 29 states, including 37 senior housing communities with 3,615 units and 130 outpatient medical buildings.
- The company confirmed the offering’s closing and a 30-day underwriters’ option, as the deal follows Janus Living’s recent listing and fresh private-buyout interest in healthcare real estate.