National Healthcare Properties, an healthcare REIT focused on outpatient medical and senior housing properties, raised $462 million by offering 38.5 million shares at $12, below the $13 to $16 range. National Healthcare Properties is a self-managed real estate investment trust that owns a portfolio of senior housing and healthcare properties across 29 states. The company operates through two primary segments: Senior Housing Operating Properties, which consists of assisted living and memory care communities operated under RIDEA structures, and Outpatient Medical Facilities, which comprises medical office buildings largely affiliated with or adjacent to hospital systems.
Read the full article: Healthcare REIT National Healthcare Properties Prices IPO at $12, Below the Range //
Source: https://www.renaissancecapital.com/IPO-Center/News/118484/Healthcare-REIT-National-Healthcare-Properties-prices-IPO-at-$12-below-the-