Michael Anderson
the Board appointed Mr. Anderson to the Board
Highest-materiality recent filing
National Healthcare Properties launches tender offers for up to $100M of preferred shares
Offers to purchase Series A preferred (NHPAP) and Series B preferred (NHPBP) at $22.50 per share each.
National Healthcare Properties to sell 86 outpatient facilities for ~$528M
Definitive PSA to sell a portfolio of 86 outpatient medical facilities for approximately $528 million.
2026 annual meeting results: all directors elected, say-on-pay approved with 74% of votes cast
Six directors elected to one-year terms; each received over 85% support from votes cast (excl. broker non-votes).
Q1 FFO $0.31/sh (+121% YoY); $528M OMF sale, $125.5M SHOP buys, FY26 outlook
Net loss per share $(0.27), Nareit FFO $0.31, Normalized FFO $0.26 (up 100% YoY).
National Healthcare Properties to sell 86 outpatient medical facilities for ~$528M
Portfolio of 86 outpatient medical facilities sold for ~$528M; includes ~$278M of secured debt defeasance/assumption.
Completes 38.5M share public offering of Class A common stock and awards equity to executives
Closed registered underwritten public offering of 38,500,000 shares of Class A common stock on April 23; overallotment of 5,775,000 shares on April 28.
NHP closes 38.5M share public offering; overallotment of 5.775M shares exercised
Closed registered underwritten public offering of 38,500,000 shares of Class A common stock.
SHOP same-store occupancy 83.8% (Q4 2025: 84.6%; Q1 2025: 81.0%); RevPOR $6,275-6,325 (Q4: $6,107; Q1 2025: $6,071).
National Healthcare Properties posts Q4 net loss $(0.92)/share; Normalized FFO down 12.8% YoY
Q4 net loss to common stockholders $(0.92)/share; Normalized FFO $0.20/share.
National Healthcare Properties declassifies board, elects Scott Humphrey as director
Board declassified; all directors to stand for annual election starting 2026 annual meeting.
National Healthcare Properties enters $500M credit facility, replaces secured loan
$350M unsecured revolver and $150M term loan, maturing Dec. 11, 2028 (two 1-year extensions).
National Healthcare Properties appoints Andrew Babin as CFO, replacing Scott Lappetito
Scott Lappetito resigned as CFO effective Nov 18, 2025, with no disagreement with management.
NHP Q3 2025: Net loss $0.56/sh, AFFO $0.36; Same Store NOI up 12.2%
Net loss per diluted share $(0.56); Nareit FFO $0.23 (+21.1% QoQ); AFFO $0.36 (+12.5% QoQ).
National Healthcare Properties reports Q2 2025 AFFO $0.32, same-store cash NOI +8.5% YoY
Net loss of $(0.85) per share; Nareit FFO $0.19, AFFO $0.32 per diluted share.
Stockholders approve 2025 incentive plan, re-elect directors, ratify PwC at annual meeting
Approved 2025 Omnibus Incentive Plan: up to 1.9M shares + 6.5% of offerings through IPO; expires May 2035.
NHP Q1 AFFO $0.31/diluted, up from $0.05 YoY; net leverage improves to 9.7x
AFFO $8.8M ($0.31/diluted) vs $1.5M ($0.05) a year ago; net loss improved to $(5.0M) from $(19.0M).
Estimated per-share NAV of $32.15 as of Dec 31, 2024, vs $52.00 as of Dec 31, 2023 (retroactively adjusted for reverse split).
NHP Q4 AFFO surges 576% to $0.28/sh; net leverage drops to 10.2x; completes 26 asset sales
AFFO per diluted share $0.28 in Q4 vs $0.04 prior year; full-year AFFO $0.55 (+41% YoY).
CFO Scott Lappetito employment agreement effective Jan 1, 2025: base salary $425K, target annual bonus 100% of salary.
AFFO improved 26.4% YoY to $1.9M in Q3'24 from $1.5M in Q3'23; Adjusted EBITDA $21.3M.
Paid $75M cash and issued $30.3M promissory note (Term SOFR+1.25%/3.25%) to Advisor Parent; maturity June 2025.
Healthcare Trust declares preferred stock dividends for Q4 2024
Series A (HTIA): $0.4609375/share payable Oct 15, 2024, record Oct 4, 2024.
HTI to internalize management, expects >$25M annual savings; Q2 AFFO up 13.8% YoY
Definitive agreement to internalize management; estimated annual savings >$25M; closing on/about Sept 27, 2024; rebrand as National Healthcare Properties, Inc.
Healthcare Trust enters merger agreement to internalize management for $98.2 million
Healthcare Trust (HTIA/HTIBP) signed a merger agreement with its advisor and parent to internalize management functions.
Provided notice to external advisor Healthcare Trust Advisors on July 1, 2024 to transition to self-management and internalize management functions.
Healthcare Trust declares quarterly dividends on Series A and Series B preferred stock
Series A dividend: $0.4609375 per share, payable July 15, 2024 to holders of record July 5, 2024.
Healthcare Trust re-elects B.J. Penn as director, ratifies PwC as auditor for 2024
Annual meeting held May 29, 2024; 57.3M common shares voted (50.66% of outstanding).
HTI Q1 2024: MOB NOI up 3.4% QoQ, SHOP NOI up 23.5%, acquires $12.6M MOB portfolio
MOB NOI $24.9M (Q1'24) vs $24.1M (Q4'23), +3.4% QoQ; SHOP NOI $8.3M vs $6.7M, +23.5% QoQ.
the Board appointed Mr. Anderson to the Board
Max materiality 0.90 · Median 0.70 · Most common event earnings