National Healthcare Properties IPO Pricing Below Range

National Healthcare Properties' IPO attracted orders at $12 per share, below the $13‑$16 marketed range.
The senior housing and healthcare REIT is multiple times oversubscribed and expected to price after NY market close Tuesday.
Shares will list on Nasdaq Select under ticker NHP, with Wells Fargo, Morgan Stanley, BMO, Goldman Sachs, and RBC managing the IPO.
The IPO is being underwritten by major banks, indicating strong institutional support for the healthcare REIT sector.