National Healthcare Properties completed the sale of 30 primarily multi-tenant outpatient medical facilities for $198 million.
The transaction represents the first tranche of its previously announced sale of 86 outpatient medical facilities for approximately $528 million, according to a Sept. 10 news release from the company. The remaining 56 facilities are expected to close in the fourth quarter of 2026.
National Healthcare Properties repaid Secured Term Loan 1 due 2028 and Secured Term Loan 3 due in 2031, totaling $119 million. The amount includes $60 million of debt encumbering other outpatient medical facilities not among the 86 properties to be sold.
The sale generated approximately $79 million in net cash proceeds before transaction expenses, property operating prorations and other adjustments. The remaining 56 facilities are subject to the buyer’s assumption of approximately $220 million of secured debt, the release said.
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