National Healthcare Properties, a real estate investment trust, has entered into a definitive agreement to sell 40 outpatient medical facilities for about $531 million.
The company is projecting cash proceeds of $511 million before transaction expenses, which it plans to use to repay the balance on its revolving credit facility, fund senior housing operating portfolio acquisitions and general corporate purposes, according to a Sept. 28 news release from National Healthcare Properties.
The transaction follows the company’s previous sale of 86 outpatient medical facilities, including the sale of 30 facilities that closed Sept. 10. After the most recent sale, National Healthcare Properties intends to fully exit the medical outpatient facility segment.
The sale is expected to close in the fourth quarter of 2026, subject to customary closing conditions, the release said.
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