Global law firm Greenberg Traurig LLP represented National Healthcare Properties Inc. in a series of senior housing acquisitions completed over the past three months. Among the transactions was a senior housing operating portfolio (SHOP) acquisition valued at approximately $98 million. The transaction involved the acquisition of two senior housing communities in the Midwest comprising 211 units.
In addition, Greenberg Traurig represented NHP in the acquisition of nine senior housing communities located in Florida, Oregon, Illinois and Iowa. Collectively, the transactions expanded NHP’s senior housing portfolio through the acquisition of communities totaling more than 780 units across multiple markets throughout the United States.
“It has been a privilege to work with National Healthcare Properties as the company continues to expand its health care real estate portfolio and pursue strategic acquisition opportunities,” said Greenberg Traurig Global Real Estate Practice Co-Chair Michael J. Baum, who represented NHP in the transactions. “We are proud to serve as trusted counsel to NHP and to help the company navigate complex transactions that support its business objectives. We look forward to continuing our work together in the years ahead.”
“Greenberg Traurig has been an invaluable legal adviser as we continue to execute on our strategic growth initiatives,” NHP General Counsel Jie Chai said. “The team’s deep understanding of our business and ability to navigate complex transactions across multiple jurisdictions have helped us efficiently achieve both our legal and business objectives. We appreciate their ongoing counsel and look forward to continuing our work together.”
In addition to Baum, the Greenberg Traurig team representing NHP in the SHOP transaction was led by New York Real Estate Shareholder Helena Raifman and included Chicago Corporate Shareholder Chad D. Striker and Chicago Real Estate Associate Alec Kraus. The Greenberg Traurig team representing NHP in the additional transactions was led by Chicago Real Estate Shareholder Joseph R. Rudas with assistance from Associate Michael A. Feldman and Senior Paralegal Julie Smoak.
