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Greenberg Traurig Advises National Healthcare Properties on Senior Housing Acquisitions in Multiple States

NHP
  • Global law firm Greenberg Traurig represented National Healthcare Properties, Inc. (Nasdaq: NHP) in senior housing acquisitions completed over the past three months.
  • One transaction involved a senior housing operating portfolio (SHOP) acquisition valued at approximately $98 million for two Midwest communities comprising 211 units.
  • The acquired communities add assisted living & memory care units to NHP's predominantly needs-based SHOP portfolio & will be managed by an existing operating partner.
  • Greenberg Traurig also represented NHP in the acquisition of nine senior housing communities located in Florida, Oregon, Illinois, & Iowa.
  • These collective transactions expanded NHP's portfolio by acquiring more than 780 units across multiple U.S. markets.
  • Greenberg Traurig Global Real Estate Practice Co-Chair Michael J. Baum led the representation, emphasizing the firm's role in supporting NHP's strategic growth.
  • NHP General Counsel Jie Chai praised the firm's understanding of the business & ability to navigate complex multi-jurisdictional transactions.
  • The SHOP transaction team was led by Helena Raifman & included Chad D. Striker & Alec Kraus.
  • The additional transaction team was led by Joseph R. Rudas & included Michael A. Feldman & Julie Smoak.
  • Greenberg Traurig employs approximately 3,200 lawyers across 51 locations globally & is recognized as a top law firm on the Am Law Global 100, NLJ 500, & Law360 400.