secwatch.observer — SEC 8-K summary
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Issuer:     National Healthcare Properties, Inc. (NHP)
CIK:        0001561032
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001104659-23-067550
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Healthcare Trust Q1 2023 MOB NOI $24.7M; SHOP NOI $8.8M; acquired $25.2M MOB assets at 7.6% cap
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- MOB segment NOI rose to $24.7M from $23.7M YoY; SHOP segment NOI improved to $8.8M from $6.9M YoY.
- Acquired five MOB properties in Q1 for $25.2M at a 7.6% weighted average cap rate with 10.3-year avg lease term.
- MOB portfolio occupancy 90.9%; forward leasing pipeline of 64,200 SF expected to lift occupancy to 92.1%.
- Net leverage 39.1%; total debt $1.136B; weighted avg interest rate 5.2% (up from 3.5% in Q1'22).
- Post-quarter entered $240M CMBS financing at 6.5% interest, repaid credit facility and freed $39M for corporate use.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561032/000110465923067550/0001104659-23-067550-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561032/000110465923067550/tm2317509d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-067550

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