8-K - NHP - Equibles

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 2, 2023

Healthcare Trust, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	001-39153	38-3888962
(State or other jurisdiction<br><br> <br>of incorporation)	(Commission File Number)	(I.R.S. Employer<br><br> <br>Identification No.)
650 Fifth Avenue, 30th Floor<br><br> <br>New York, New York 10019
---
(Address, including zip code, of Principal<br> Executive Offices)<br><br> <br><br><br> <br>Registrant’s telephone number, including area code: (212) 415-6500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading Symbol(s)	Name of each exchange on which registered:
7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share	HTIA	The Nasdaq Global Market
7.125% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share	HTIBP	The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01 Regulation FD Disclosure.

Investor Presentationand Transcript

Healthcare Trust, Inc. (the “Company”) prepared an investor presentation containing certain portfolio information and financial highlights. Representatives of the Company intend to present some of or all of this presentation to current investors and their financial advisors at various conferences and meetings, including webinars. A copy of the investor presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

On June 2, 2023, the Company hosted a conference call to discuss its financial and operating results for the quarter ended March 31, 2023. A transcript of the pre-recorded portion of the webcast is furnished as Exhibit 99.2 to this Current Report on Form 8-K. A copy of the presentation and replay of this webcast will be available on the Company’s website at www.healthcaretrustinc.com in the news section.

Neither the investor presentation nor transcript shall be deemed “filed” for any purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Item 7.01, as well as Exhibit 99.1 and Exhibit 99.2, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

Forward-Looking Statements

The statements in this Current Report on Form 8-K that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words “anticipates,” “believes,” “expects,” “estimates,” “projects,” “plans,” “intends,” “may,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the potential adverse effects of (i) the global COVID-19 pandemic, including actions taken to contain or treat COVID-19, (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact on the Company, the Company’s tenants, the Company’s operators and the global economy and financial markets, and (iii) inflationary conditions and higher interest rate environments, as well as those risks and uncertainties set forth in the Risk Factors section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed on March 17, 2023, and all other filings with the Securities and Exchange Commission after that date, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required to do so by law.

Item 9.01.	Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Investor Presentation
99.2	Transcript
104	Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HEALTHCARE TRUST, INC.
Date: June 2, 2023	By:	/s/ Scott M.<br> Lappetito
		Scott M. Lappetito <br><br> Chief Financial Officer, Secretary and Treasurer

Exhibit 99.1

1 Healthcare Trust, Inc. First Quarter 2023 Investor Webcast Presentation

2 Q1’23 Company Overview (1) Based on total real estate investments, at cost of approximately $2.6 billion, net of gross market lease intangible liabiliti es of $19.6 million as of March 31, 2023. (2) Percentages are based on NOI for the three months ended March 31, 2023. See appendix for Non - GAAP reconciliations. (3) See Definitions in the Appendix for a full description. (4) Assuming no expirations or terminations and that non - binding letters of intent will lead to definitive leases that will commence on their contemplated terms, which is not assured. Leases and potential leases in the forward Leasing Pipeline commence at various times throughout 2023. The forward Leasing Pipeline should not be considered an indication of future performance. (5) Refer to page 6 for additional information. HTI is a $2.6 billion (1) healthcare REIT with a high - quality portfolio focused on two segments, Medical Office Buildings (“MOB”) and Senior Housing Operating Properties (“SHOP”) High Quality Portfolio x High - quality portfolio featuring 207 properties that are 74% MOB and 26% SHOP (2) x High MOB portfolio Occupancy (3) as of Q1’23 of 90.9% plus a forward Leasing Pipeline (3) of 64,200 SF that is expected to increase MOB portfolio Occupancy to 92.1% and Annualized Straight - Line Base Rent (3) by $1.2 million (4) x Geographically diversified across 34 states with select concentrations in states that management believes to have favorable demographic tailwinds Diligent Acquisition Program (5) x HTI acquired five properties in Q1’23 for $25.2 million at a 7.6% weighted average Cap Rate (5) Resilient Performance x Year - over - year, NOI from the MOB segment improved to $24.7 million in Q1’23 from $23.7 million in Q1’22 as revenues continued to increase as a result of accretive acquisitions x Year - over - year, SHOP portfolio NOI improved to $8.8 million in Q1’23 from $6.9 million in Q1’22 as a result of increased revenue and reduced incentive offerings x Maintained high MOB Occupancy throughout the COVID - 19 pandemic above 90% and collected nearly 100% of MOB Cash Rent (3) due in Q1’23 and throughout 2022 x HTI’s exposure to MOB assets was 74% (2) as of Q1’23, exposure which management believes to have more predictable cash flows than SHOP assets x As of Q1’23, HTI maintained Net Leverage (3) of 39.1%, which was comprised of Net Debt of $1.1 billion divided by total assets of $2.2 billion Experienced Management Team x Proven track record with significant public REIT market experience x Dedicated SHOP management team led by John Rimbach and his core team that collectively have over 110 years of SHOP operating experience

3 (1) Based on total real estate investments, at cost of approximately $2.6 billion, net of gross market lease intangible liabiliti es of $19.6 million as of March 31, 2023. (2) See Definitions in the Appendix for a full description. For the SHOP portfolio, based on unit count as of March 31, 2023. (3) Annual base rent escalations increase the cash rent payments due in future periods. Approximately 90% of HTI’s MOB leases inc lud e such provisions, of which approximately 86% of leases are fixed - rate, 4% are based on the Consumer Price Index. Portfolio Snapshot HTI’s dynamic portfolio features an MOB portfolio that is approximately 91% occupied with embedded long - term cash rent growth and an over 4,300 - unit SHOP portfolio with significant Occupancy upside that is operated by four operators ($ in millions and SF in thousands) MOB SHOP Rentable Square Feet / Units (SHOP) 5,161 4,374 Properties 155 52 States 28 14 Real Estate assets at cost (1) $1,454 $1,142 Percentage of NOI 73.7% 26.3% Occupancy (2) 90.9% 73.3% Annual Base Rent Escalations 2.3% (3) Market Rates Weighted Average Remaining Lease Term (2) 4.9 Years N/A

4 74% 26% MOB SHOP PA 16% FL 12% IL 9% GA 9% IA 6% AZ 6% CA 5% MI 5% TX 4% WI 4% Other 24% Dynamic Portfolio Fundamentals HTI is focused on deploying capital into select, high - quality MOB and SHOP assets throughout the United States and increasing portfolio Occupancy Select Geographic Mix (1) Percentages are based on NOI for the three months ended March 31, 2023. See appendix for a reconciliation of aggregate NOI to ag gregate GAAP net income. (2) Based on square feet as of March 31 , 2023. $ 33 million NOI (1) Diversified Geographically Across 34 States High - Quality Portfolio Top 10 States (2) x MOB portfolio that is diversified across 28 states and features long - term net leases to credit - worthy tenants with an average embedded base rental growth rate of 2.3% on approximately 90% of leases x Actively managed and resilient SHOP portfolio with significant Occupancy upside that is operated by four operators x Geographically diversified across 34 states with select state concentrations that management believes to have favorable demographic tailwinds x Collected nearly 100% of the original Cash Rent due across the MOB portfolio in Q1’23 and 2022 Portfolio Highlights MOB SHOP

5 x DaVita (NYSE: DVA) and Fresenius (NYSE: FMS) are industry leading publicly traded companies with a combined market cap of $20 billion (1) x Streamlined SHOP portfolio to only four operators, including two industry leaders, from over 15 operators in 2019 x Developed strong tenant relationships with leading medical institutions such as UPMC, a leading health enterprise with over 92,000 employees and 800 clinical locations x HTI remains committed to developing strong partnerships with leading healthcare brands which HTI believes benefits patients and other stakeholders Strategic Partners HTI leases its properties to top healthcare brands in well - established markets MOB SHOP (1) Market capitalization data as of March 31, 2023.

6 HTI acquired five MOB properties in Q1 2023 totaling $25.2 million at an 7.6% weighted average Cap Rate and with a 10.3 Weighted Average Lease Term Remaining (1) Represents the contract purchase price and excludes acquisition costs which are capitalized per GAAP. The acquisition costs f or acquisitions completed during the three months ended March 31 , 2023, were $0.2 million. (2) See Definitions in the Appendix for a full description. (3) Weighted average remaining lease term is based on square feet as of the respective acquisition date for closed transactions. ($ in millions, square feet in thousands and lease term remaining in years) Diligent Acquisition Program 2023 Closed Transactions Property Type State Number of Properties Square Feet Purchase Price (1) Wtd . Avg. Cap Rate (2) Wtd . Avg. Lease Term Remaining (3) Closed Hope Orthopedics MOB: Single - Tenant OR 4 55 $20.0 12.0 Q1’23 St. Peter’s MOB MOB: Single - Tenant NY 1 17 $5.2 5.0 Q1’23 Total Closed Q1’2023 5 72 $25.2 7.6% 10.3

7 Debt Capitalization (3) ($mm) Q1’23 Q1’22 Mortgage Notes Payable $585 $589 Fannie Mae Master Revolving Credit Facilities $351 $355 Total Secured Debt $936 $944 Credit Facility – Revolving Credit Facility $50 $0 Credit Facility – Term Loan (3) $150 $150 Total Unsecured Debt (3) $200 $150 Total Debt $1,136 $1,094 Weighted Average Interest Rate (4) 5.2% 3.5% Key Capitalization Metrics ($mm) Q1’23 Q1’22 Net Debt (1) $1,094 $1,028 Liquidity (2) $225 $294 Net Leverage 39.1% 37.3% Balanced Capital Structure Subsequent to Q1’23, HTI proactively completed a $240 million CMBS financing which refinanced and terminated the Company’s Credit Facility and provided approximately $39 million for general corporate purposes Note: Metrics as of and for the three months ended March 31 , 2023 and March 31, 2022. (1) See Definitions in the Appendix for a full description. (2) As of March 31, 2023, HTI had $35.8 million of cash and cash equivalents and availability was $189.2 million. Subsequent to M arc h 31, 2023, HTI terminated its Credit Facility which eliminated its borrowing availability thereunder. (3) Excludes the effect of deferred financing costs, net and mortgage premiums/discounts, net. The equity interests and related r igh ts in our wholly - owned subsidiaries that directly own or lease the eligible unencumbered real estate assets comprising the borrowing base of HTI’s credit facility are pledged for the benefit of the lenders thereunder. These real estate assets are n ot available to satisfy other debts and obligations, or to serve as collateral for any new indebtedness, unless the existing ind ebt edness secured by these properties is repaid or otherwise refinanced. (4) Weighted average interest rate based on balance outstanding as of March 31, 2023. (5) Refer to form 8 - K filed with the SEC on May 31 , 2023, for additional information. (6) Source: Bloomberg. 30 - Day LIBOR rate as of May 15, 2023. Capitalization Highlights Mortgage Debt ▪ $379 million mortgage loan with Capital One, at a 3.7% interest rate fixed by swap, that matures in 2026 ▪ $119 million CMBS loan with KeyBank, at a 4.6% fixed interest rate, that matures in 2028 ▪ $43 million CMBS financing with BMO, at a 2.9% fixed interest rate, that matures in 2031 ▪ Subsequent to quarter end, HTI entered into a $240 million CMBS financing. Proceeds totaling approximately $196 million were used to repay all draws under the Company’s Credit Facility. The Company also terminated the Credit Facility. After the repayment, the Company had approximately $39 million for general corporate purposes. The CMBS financing has a term of 10 years and 6.5% interest rate (5) Credit Facilities ▪ Fannie Mae Master Credit Facilities : Consists of two facilities between KeyBank and Capital One. The credit facilities had a weighted average interest of 7.1 % as of March 31, 2023, and mature in 2026 Through April 2024, borrowings under HTI’s Fannie Mae Credit Facilities are capped at an attractive 3.5% LIBOR rate, which is significantly less than the current spot LIBOR rate of 5.1% (6)

8 Key Operating Highlights In Q1’23, HTI diligently acquired five MOB assets, increased MOB and SHOP NOI, and proactively developed a 64,200 SF forward Leasing Pipeline that is expected to increase MOB occupancy to 92.1% Durable and Resilient MOB NOI Performance (1) x Year - over - year, NOI derived from the MOB portfolio increased to $24.7 million from $23.7 million as revenues increased as a result of accretive acquisitions x SHOP portfolio NOI improved to $8.8 million in Q1’23 from $6.9 million in Q1’22 as a result of increased revenue and reduced incentive offerings x HTI’s MOB forward Leasing Pipeline of 64 ,200 SF is expected to increase MOB portfolio Occupancy to 92.1% from 90.9% and Annualized Straight - Line Base Rent by $1.2 million (2) Operating Highlights $23.7 $24.7 Q1'22 Q1'23 90.9% 92.1% Q1'23 Q1'23 Forward Leasing Pipeline 64,200 SF MOB Forward Leasing Pipeline (2) (1) Percentages are based on NOI. See appendix for Non - GAAP reconciliations. (2) Assuming no expirations or terminations and that non - binding letters of intent will lead to definitive leases that will commence on their contemplated terms, which is not assured. Leases and potential leases in the forward Leasing Pipeline commence at various times throughout 2023. The forward Leasing Pipeline should not be considered an indication of future performance. (2) Improved SHOP NOI Performance (1) $6.9 $8.8 Q1'22 Q1'23

9 Company Highlights In the first quarter, HTI continued to focus on increasing MOB Occupancy, acquiring high - quality MOB assets, improving SHOP NOI performance, and maintaining a conservative balance sheet x High - Quality Portfolio of 207 properties comprised of 74% MOB and 26% SHOP properties (1) x Diligent Acquisition Program (2) of $25 million in Q1’23 at an 7.6% weighted average Cap Rate x Resilient MOB Performance with a year - over - year increase in MOB NOI from $23.7 million to $24.7 million and a forward Leasing Pipeline of 64,200 SF that is expected to increase MOB Occupancy to 92.1% from 90.9% (3) x Improving SHOP NOI in Q1’23 of $8.8 million from $6.9 million in Q1’22, a 27.7% year - over - year increase as a result of increased revenues and reduced incentive offerings x Streamlined SHOP Portfolio operators to only four operators, including two industry leaders, from over 15 operators in 2019 x Collected nearly 100% of the original Cash Rent due from the MOB portfolio in Q1’23, 2022 and 2021 x Prudent Capitalization as of Q1’23 with Net Leverage of 39.1%, which was comprised of Net Debt of $1.1 billion divided by total assets of $2.2 billion x Experienced Management Team with a proven track record and significant public REIT experience (1) Percentages based on NOI for the three months ended March 31, 2023. See appendix for Non - GAAP reconciliations. (2) See page 6 for further details. (3) Assuming no expirations or terminations and that non - binding letters of intent will lead to definitive leases that will commence on their contemplated terms, which is not assured. Leases and potential leases in the forward Leasing Pipeline commence at va ri ous times throughout 2023. The forward Leasing Pipeline should not be considered an indication of future performance. (4) See page 7 and Definitions in the Appendix for further details. HTI is subject to a covenant requiring it to maintain a combi nat ion of cash, cash equivalents and availability for future borrowings under the revolving credit facility totaling at least $5 0.0 million. Includes $ 35 .8 million of cash and cash equivalents plus $112.0 million for future borrowings under HTI’s Revolving Credit Facility for a cqu isitions and general corporate purposes.

10 Experienced Leadership Team Scott Lappetito Chief Financial Officer, Secretary, and Treasurer Mr. Lappetito currently serves as the Chief Financial Officer, Treasurer and Secretary for HTI. Mr. Lappetito previously served as chief accounting officer from April 2019 until December 2021, and was the company’s controller from November 2017 through April 2019. Mr. Lappetito is a certified public accountant in the State of New York, holds a B.S. in accounting from The Pennsylvania State University and an M.B.A. from Villanova University. Leslie D. Michelson Non - Executive Chairman, Audit Committee Chair Mr. Michelson has served as the chairman of Private Health Management, a retainer - based primary care medical practice management company from April 2007 until February 2020, and executive chairman and a director since March 2020. Mr. Michelson served as Vice Chairman and Chief Executive Officer of the Prostate Cancer Foundation, the world’s largest private source of prostate cancer research funding, from April 2002 until December 2006 and served on its board of directors from January 2002 until April 2013. David Ruggiero Vice President, Acquisitions Mr. Ruggiero currently serves as Vice President at the Company’s advisor with a primary focus on acquisitions. Mr. Ruggiero has over 20 years of commercial real estate experience and has advised on over $3 billion in healthcare real estate dispositions, acquisitions and financings. He earned an MS in Finance from Kellstadt Graduate School of Business at DePaul University and a BA from DePaul University. Trent Taylor Senior Vice President, Asset Management Mr. Taylor currently serves as Vice President at the Company’s advisor with a primary focus on asset management and leasing. Mr. Taylor has over 12 years of commercial real estate and development experience. He earned an MS in Real Estate from New York University and BA in Accounting & Finance from the University of Central Florida. Michael Weil Chief Executive Officer Mr. Weil was named Healthcare Trust Inc.’s chief executive officer on August 23, 2018, which went into effect on September 12, 2018. He is a founding partner of AR Global and has served as a leading executive and board member on several publicly - traded and non - traded real estate companies. Additionally, he previously served as the Senior VP of sales and leasing for American Financial Realty Trust. Mr. Weil also served as president of the Board of Directors of the Real Estate Investment Securities Association (n/k/a ADISA). John Rimbach President of Healthcare Facilities Mr. Rimbach brings a strong expertise in seniors housing management which he established over a 30 - year career. Prior to joining the Company’s advisor, Mr. Rimbach served as President/CEO and Founder of WESTLiving , LLC, where he provided overall leadership and strategic direction for this large seniors housing portfolio. Prior to that, Mr. Rimbach served as COO of AF Evans Company Inc. from 1999 to 2008, and was the Development Director of NCB Development Corporation from 1993 to 1999.

11 Dedicated SHOP Team Kimberly Holmes: VP – Operational Analytics ▪ 25 - year career in senior housing and hospitality ▪ Her work on financial analysis, planning and benchmarking will translate into operational plans and action items for the portfolio Susan K. Rice, RN: VP – Clinical Operations ▪ 30 - year career in the healthcare industry ▪ Extensive knowledge in clinical areas and processes to monitor and validate care outcomes, quality and compliance John Rimbach: President of Healthcare Facilities ▪ Former President, CEO & Founder of WESTLiving ▪ 30 - year career in the financing, development, acquisition, ownership and operation of senior housing portfolios Lindsay Gordon: VP – Operations ▪ 27 - year career in senior housing in sales & operations at the community and regional level and corporate level ▪ Her unique experience within senior housing will help support sales and operations for the portfolio John Rimbach and his core team collectively have over 110 years of SHOP experience and have been with HTI’s Advisor for nearly five years. This experienced group plays an essential role in managing HTI’s SHOP portfolio Michelle Stepinsky: VP – Sales and Marketing ▪ 25 years of experience in senior housing ▪ Her vast knowledge of senior living will support sales & marketing efforts for the portfolio

12 Legal Notice

13 Disclaimer References in this presentation to the “Company,” “we,” “us” and “our” refer to Healthcare Trust, Inc. (“ HTI”) and its consolidated subsidiaries. The statements in this presentation that are not historical facts may be forward - looking statements. These forward - looking state ments involve risks and uncertainties that could cause actual results or events to be materially different. Forward - looking statements may include, but are not limited to, statements regarding stockholder liquidity and investment value and returns. The words “anticipates,” “believes,” “expects,” “estimates, ” “ projects,” “plans,” “intends,” “may,” “will,” “would” and similar expressions are intended to identify forward - looking statements, although not all forward - loo king statements contain these identifying words. Actual results may differ materially from those contemplated by such forward - looking statements, including th ose set forth in the section titled Risk Factors of HTI’s Annual Report on Form 10 - K for the year ended December 31, 2022 filed on March 17, 2023 and all other filings with the Securities and Exchange Commission (the “SEC”) after that date, as such risks, uncertainties and other important factors may be updated from time to time in HTI’s subsequent reports. Please see pages 14 and 15 for further information. Further, forward - looking statements speak only as of the date they are made, and HTI undertakes no obligation to update or revise any forward - looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results, unless required to do so by law. This presentation includes estimated projections of future operating results. These projections were not prepared in accordan ce with published guidelines of the SEC or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of financial projections. This information is not fact and should not be relied upon as being necessarily indicative of future results; the projections were pr epared in good faith by management and are based on numerous assumptions that may prove to be wrong. Important factors that may affect actual results an d cause the projections to not be achieved include, but are not limited to, risks and uncertainties relating to the Company and other factors described in the section titled Risk Factors of HTI’s Annual Report on Form 10 - K for the year ended December 31, 2022 filed on March 17, 2023 and all other filings with the SEC after that date. The projections also reflect assumptions as to certain business decisions that are subject to change. As a result, actual results ma y differ materially from those contained in the estimates. Accordingly, there can be no assurance that the estimates will be realized. This presentation includes certain non - GAAP financial measures, including net operating income (“NOI”). NOI is a non - GAAP measur e of our financial performance and should not be considered as an alternative to net income as a measure of financial performance, or any other per formance measure derived in accordance with GAAP and it should not be construed as an inference that our future results will be unaffected by unusual or non - recurring items. The reconciliation of net income to NOI for the applicable periods is set forth on page 18 to this presentation.

14 Forward - Looking Statements Certain statements made in this presentation are “forward - looking statements” (as defined in Section 21E of the Securities Excha nge Act of 1934, as amended), which reflect the expectations of the Company regarding future events. The forward - looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward - looking statements. Such forward - lookin g statements include, but are not limited to, market and other expectations, objectives, and intentions, as well as any other statements that are not historica l f acts. Our potential risks and uncertainties are presented in the section titled “Item 1A - Risk Factors” disclosed in our Annual Report on Form 10 - K for the year ended December 31, 2022 filed with the SEC on March 17, 2023 and all other filings with the SEC after that date. We disclaim any ob lig ation to update and revise statements contained in these materials to reflect changed assumptions, the occurrence of unanticipated events or changes to fut ure operating results over time, unless required by law. The following are some of the risks and uncertainties relating to us, although not all risks and unce rta inties, that could cause our actual results to differ materially from those presented in our forward - looking statements: • Our operating results are affected by economic and regulatory changes that have an adverse impact on the real estate market i n g eneral. • Our property portfolio has a high concentration of properties located in Florida. Our properties may be adversely affected by ec onomic cycles and risks inherent to those states. • Our loan agreement in connection with the CMBS financing requires us to maintain a minimum balance of cash and cash equivalen ts totaling $12.5 million, which may restrict our ability to use cash that would otherwise be available to us. • A reduction in our NOI can impact our ability to satisfy debt covenants and could adversely affect our business. • We are subject to risks associated with a pandemic, epidemic or outbreak of a contagious disease, such as the global COVID - 19 pandemic, including negative impacts on our tenants and operators and their respective businesses. • Inflation and continuing increases in the inflation rate will have an adverse effect on our investments and results of operat ion s. • No public market currently exists, or may ever exist, for shares of our common stock and our shares are, and may continue to be, illiquid. • In owning properties we may experience, among other things, unforeseen costs associated with complying with laws and regulati ons and other costs, potential difficulties selling properties and potential damages or losses resulting from climate change. • We focus on acquiring and owning a diversified portfolio of healthcare - related assets located in the United States and are subje ct to risks inherent in concentrating investments in the healthcare industry. • The healthcare industry is heavily regulated, and we, our tenants, and operators may be impacted by new or existing laws or r egu lations, or changes to these laws or regulations, such as the CARES Act and the auditing and reporting requirements instituted by the CARES Act. • Loss of licensure or failure to obtain licensure could result in the inability of tenants to make lease payments to us. • We depend on tenants for our rental revenue and, accordingly, our rental revenue depends upon the success and economic viabil ity of our tenants. Lease terminations, tenant default and bankruptcy have adversely affected and could in the future adversely affect our income and c ash flow. • We assume additional operating risks and are subject to additional regulation and liability because we depend on eligible ind epe ndent contractors to manage some of our facilities.

15 Forward - Looking Statements (Continued) • We have substantial indebtedness and may be unable to repay, refinance, restructure or extend our indebtedness as it becomes due . Increases in interest rates could increase the amount of our debt payments. We will likely incur additional indebtedness in the future. • We depend on our Advisor and our Property Manager to provide us with executive officers, key personnel and all services requi red for us to conduct our operations and our operating performance may be impacted by an adverse changes in the financial health or reputation of our Advisor and our Property Manager. • All of our executive officers face conflicts of interest, such as conflicts created by the terms of our agreements with the A dvi sor and compensation payable thereunder, conflicts allocating investment opportunities to us, and conflicts in allocating their time and attention to our mat ters. Conflicts that arise may not be resolved in our favor and could result in actions that are adverse to us. • We have long - term agreements with our Advisor and its affiliates that may be terminated only in limited circumstances and may re quire us to pay a termination fee in some cases. • Estimated Per - Share NAV may not accurately reflect the value of our assets and may not represent what a stockholder may receive on a sale of the shares, what they may receive upon a liquidation of our assets and distribution of the net proceeds or what a third party may pay to acquire us . • The stockholder rights plan adopted by our board of directors, our classified board and other aspects of our corporate struct ure and Maryland law may discourage a third party from acquiring us in a manner that might result in a premium price to our stockholders. • Restrictions on share ownership contained in our charter may inhibit market activity in shares of our stock and restrict our bus iness combination opportunities. • We may fail to continue to qualify as a REIT.

16 Appendix

17 Definitions Annualized Straight - Line Base Rent : Represents the total contractual base rents on a straight - line basis to be received throughout the duration of the lease currently in place expressed as a per annum value . Includes adjustments for non - cash portions of rent . Cap Rate : Capitalization rate is a rate of return on a real estate investment property based on the expected, annualized straight - lined rental income that the property will generate under its existing lease during its first year of ownership . Capitalization rate is calculated by dividing the annualized straight - lined rental income the property will generate (before debt service and depreciation and after fixed costs and variable costs) by the purchase price of the property . The weighted average capitalization rate is based upon square feet . Cash Rent : Represents total of all contractual rents on a cash basis due from tenants as stipulated in the originally executed lease agreements at inception or any lease amendments thereafter . We calculate “original Cash Rent collections” by comparing the total amount of rent collected during the period to the original Cash Rent due . Total rent collected during the period includes both original Cash Rent due and payments made by tenants pursuant to rent deferral agreements . Leasing Pipeline : Includes ( i ) all leases fully executed by both parties as of May 15 , 2023 , but after March 31 , 2023 and (ii) all leases under negotiation with an executed LOI by both parties as of May 15 , 2023 . This represents four LOIs totaling 25 , 003 square feet and 11 fully executed leases totaling 39 , 197 square feet . There can be no assurance that the LOIs will lead to definitive leases or will commence on their current terms, or at all . Leasing Pipeline should not be considered an indication of future performance . Lease Term Remaining : Current portfolio calculated from March 31 , 2023 . Weighted based on square feet . Liquidity : As of March 31 , 2023 , HTI had $ 35 . 8 million in cash and cash equivalents, and $ 189 . 2 million available for future borrowings under HTI's credit facility, of which $ 112 . 0 million was available for general corporate purposes and acquisitions, with the remainder available to repay other existing debt obligations . Subsequent to March 31 , 2023 , HTI terminated its Credit Facility which eliminated its borrowing availability thereunder . Net Debt : Total gross debt of $ 1 . 1 billion per page 7 less cash and cash equivalents of $ 35 . 8 million as of March 31 , 2023 . NOI : Defined as a non - GAAP financial measure used by us to evaluate the operating performance of our real estate . NOI is equal to revenue from tenants, less property operating and maintenance expenses . NOI excludes all other items of expense and income included in the financial statements in calculating net income (loss) . Net Leverage : Represents “Net Debt” as defined above divided by total assets of approximately $ 2 . 2 billion (which includes cash and cash equivalents) plus accumulated depreciation and amortization of $ 628 . 5 million as of March 31 , 2023 . Occupancy : For MOB properties, occupancy represents percentage of square footage of which the tenant has taken possession of divided by the respective total rentable square feet as of the date or period end indicated . For SHOP properties, occupancy represents total units occupied divided by total units available as of the date or period end indicated .

18 Reconciliation of Non - GAAP Metrics: NOI Three Months Ended March 31, 2023 (In thousands) Medical Office Buildings Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 33,609 $ 53,746 $ 87,355 Property operating and maintenance (8,955) (44,928) (53,883) NOI $ 24,654 $ 8,818 $ 33,472 Impairment charges – Operating fees to related parties (6,387) Acquisition and transaction related (63) General and administrative (5,021) Depreciation and amortization (20,176) Interest expense (15,785) Interest and other income 5 Gain on sale of real estate investments 115 Loss on non - designated derivatives (182) Income tax expense (46) Net loss attributable to non - controlling interests 9 Allocation for preferred stock (3,450) Net loss attributable to common stockholders $ (17,509) Three Months Ended March 31, 2022 (In thousands) Medical Office Buildings Seniors Housing — Operating Properties Consolidated Revenue from tenants $ 32,348 $ 51,302 $ 83,650 Property operating and maintenance (8,689) (44,401) (53,090) NOI $ 23,659 $ 6,901 $ 30,560 Impairment charges (10,644) Operating fees to related parties (6,318) Acquisition and transaction related (579) General and administrative (4,899) Depreciation and amortization (20,420) Interest expense (11,764) Interest and other income 12 Loss on sale of real estate investments (303) Gain on non - designated derivatives 994 Income tax expense (39) Net loss attributable to non - controlling interests 49 Allocation for preferred stock (3,450) Net loss attributable to common stockholders $ (26,801)

19 HealthcareTrustInc.com ▪ For account information, including balances and the status of submitted paperwork, please call us at (866) 902 - 0063 ▪ Financial Advisors may view client accounts at www.computershare.com/advisorportal ▪ Shareholders may access their accounts at www.computershare.com/hti

Exhibit 99.2

Opening – Curtis Parker

Welcome to the first quarter 2023 Healthcare Trust, Inc., or HTI, webcast. All participants will be in listen-only mode.

Please note, this event is being recorded. Also note that certain statements and assumptions in this webcast presentation which are not historical facts will be forward-looking and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements are subject to certain assumptions and risk factors which could cause HTI’s actual results to differ materially from the forward-looking statements. We refer all of you to our SEC filings including the Form 10-K for the year ended December 31, 2022, filed on March 17, 2023, and all other SEC filings after that date for a more detailed discussion of the risk factors that could cause these differences and impact our business.

During today's call, we will discuss non-GAAP financial measures of HTI. These measures should not be considered in isolation or as a substitution for the financial results prepared in accordance with GAAP. HTI has provided a reconciliation of these measures to the most directly comparable GAAP measure as part of the first quarter 2023 investor presentation for HTI and as part of the Annual Report on Form 10-K for HTI for the year ended December 31, 2022 (both available on HTI’s website at www.healthcaretrustinc.com).

You may submit questions during today’s webcast by typing them in the box on the screen and a member of our investor relations group will follow-up to answer questions directly after this presentation. Also, please note that later today a copy of this presentation and replay of the webcast will be available on HTI’s website.

I would now like to turn the call over to Michael Weil, Chief Executive Officer. Please go-ahead Mike.

Opening Script

HTI Webinar Script

Slide 2: Company Overview – (Mike Weil)

Thanks Curtis and thank you all for joining us today. I’m pleased to report that in the first quarter HTI grew Net Operating Income, or NOI, by nearly $3 million compared to the first quarter of 2022, completed accretive acquisitions and built a forward leasing pipeline. We remain confident in our long-term strategy of owning high quality Seniors Housing and Medical Office Buildings across the US.

In the MOB segment, first-quarter NOI grew by 4.2% to $24.7 million up from $23.7 million in the first quarter of 2022. We closed on five MOB acquisitions during the quarter for a total of $25.2 million at a weighted-average cap rate of 7.6%. In addition to acquisitions, we have built a 64,200 SF MOB leasing pipeline that is expected to increase MOB occupancy to 92.1% from 90.9% and increase annualized straight-line rent by $1.2 million, assuming these leases commence. Throughout the COVID-19 pandemic, we have maintained nearly 100% cash rent collection and over 90% occupancy in our MOB portfolio.

In our SHOP segment, first quarter NOI grew by 27.7%, or $1.9 million, compared to the first quarter of 2022, which was driven by higher revenue. We believe that SHOP occupancy will continue to increase as the effects of the pandemic continue to subside and the investments we’ve made differentiate our properties from competitors in the same markets.

Looking at the balance sheet, as of March 31, 2023, HTI had Net Leverage of 39.1%. Subsequent to quarter end, we completed a $240 million commercial mortgage-backed security loan, encumbered by 62 of our MOBs. A portion of the proceeds from the loan were used to repay and terminate our previous credit facility, which removed restrictive corporate covenants. We are pleased to have completed this financing and believe that it will enhance our capacity to grow and respond to the dynamic realities of the current healthcare real estate environment.

We believe the continued execution of our corporate initiatives, including completing accretive acquisitions as well as dispositions, leasing of available space to high-quality tenants in our medical office buildings and enhancements to our shop portfolio, all positively impact the factors our board will likely consider when it decides to evaluate a liquidity event in the future.

Slide 3: Portfolio Snapshot

As of March 31, 2023, HTI owned over 200 properties, totaling over 9.2 million rentable square feet in 34 states. The portfolio consisted of 155 medical office buildings, 50 seniors housing operating properties with over 4,300 individual units, and two land parcels. Based on NOI, the portfolio was comprised of 74% MOB and 26% SHOP assets.

At quarter end, our medical office building portfolio was 90.9% occupied with a weighted-average remaining lease term of 4.9 years and featured annual rent escalators that averaged 2.3% on approximately 90% of leases, which increase the cash rental payments in future periods.

Slide 4: Dynamic Portfolio Fundamentals

We have diligently constructed a portfolio of MOB and SHOP assets and continue to deploy capital into select high-quality assets throughout the US. Our portfolio is geographically well-diversified across 34 states with only two states representing more than 10% of the total portfolio by square feet: Pennsylvania where we have a strong relationship with The University of Pittsburgh Medical Center, and Florida, where MOBs and seniors housing serve a large population of baby boomers.

Slide 5: Strategic Partners

The quality of our tenants is essential to the success of our healthcare real estate portfolio. Our asset management strategy is focused on developing strong relationships with well-respected brands, which we believe will contribute to superior long-term benefits for not only HTI, but also for the residents and practitioners who live and work at our properties.

Our MOB portfolio includes top tenants such as The University of Pittsburgh Medical Center, DaVita, Aurora, and Ascension. We have streamlined and consolidated our SHOP operators from over 15 brands in 2019 to four, including Jaybird Senior Living and Senior Lifestyle Corporation, two industry leaders.

As we grow our portfolio, we continue to seek high-quality tenants to add to HTI’s MOB portfolio and to develop strong relationships with our current SHOP operators, who we trust to care for residents at our facilities.

Slide 6: Diligent Acquisition Program

During the quarter we acquired five medical office buildings in New York and Oregon for a total of $25.2 million. These acquisitions had a weighted-average cap rate of 7.6% and a weighted-average remaining lease term of 10.3 years. We believe we are well positioned to continue diligently seeking accretive acquisitions at opportunistic cap rates.

Scott, will you take us through our financials please?

Slide 7: Capitalization Highlights –(Scott Lappetito)

Thank you, Mike.

We continued to actively manage our capital structure during the first quarter. As of March 31, 2023, Net Leverage was 39.1%.

Additionally, as Mike mentioned earlier, subsequent to quarter end, we entered into a $240 million CMBS financing that refinanced and terminated our Credit Facility, which, among other things, provided approximately $39 million for acquisitions and general corporate purposes. This new financing has an interest-only term of 10 years at a 6.453% interest rate.

Slide 8: Key Operating Highlights

HTI continues to execute on our operational initiatives by growing SHOP occupancy and increasing MOB NOI.

As Mike mentioned earlier, SHOP NOI has grown dramatically year-over-year to $8.8 million in the first quarter of 2023 as revenue increased. In the MOB segment of our portfolio, our pipeline of over 64,000 square feet of new leases is expected to increase occupancy in this segment to 92.1% from 90.9% and annualized straight-line base rent by $1.2 million when all of the leases commence.

Our MOB portfolio continues to be resilient, growing NOI in the segment by 4.2% year-over-year to $24.7 million, primarily due to our high-quality MOB acquisitions. A reconciliation of GAAP net income to non-GAAP measures can be found in our investor presentation.

I would now like to turn the call back to Mike for some color on the HTI team and some closing remarks.

Slide 9: Company Highlights – (Mike Weil)

Thanks Scott.

We continue to position HTI for a liquidity event and long-term earnings growth by, among other things, capitalizing on leasing available space and acquiring high-quality MOB properties. Our portfolio continues to demonstrate its resilience, as we collected nearly all the cash rent due in our MOB portfolio in the first quarter, built a robust leasing pipeline and grew NOI in the SHOP portfolio compared to last year. We have an experienced management team that we believe is well positioned to maximize the opportunities created by demographic trends that favor long-term investment in healthcare real estate.

Slide 10: Experienced Leadership Team

We believe we have the right team in place to execute our strategy to drive long-term value.

On the MOB real estate side, David Ruggiero and his team collectively bring over 25 years of experience to HTI’s advisor, evaluating and negotiating hundreds of potential transactions per year while adhering to our strict investment guidelines and underwriting standards. Trent Taylor is the portfolio asset manager and ensures that our existing properties are leased, performing as expected, and that our tenants’ needs are being met by local property managers.

Slide 11: Dedicated SHOP Team

Supplementing the advisor’s leadership team for HTI, John Rimbach and his team collectively bring over 110 years of experience to our SHOP portfolio.

John’s team has extensive experience in the Seniors Housing space and has made significant improvements to this segment of our portfolio, including through interacting with our SHOP operators and advising on potential real estate acquisitions and dispositions. This year Lindsay Gordon and Michelle Stepinsky both joined the SHOP team, bringing vast knowledge and experience to the operations and sales groups at our properties. We are excited to have them as part of the team and look forward to the new perspective they will bring to our portfolio.

Closing Statements – (Mike Weil)

We are pleased with the continued strong, dependable performance of our MOB portfolio and encouraged by the year over year increase in SHOP portfolio NOI, reflecting not only the ongoing recovery of this segment from the impacts of COVID-19, but also the results of our team’s dedication to improving our SHOP facilities, operations, accessibility and attractiveness to seniors and their families. We have built a leasing pipeline that will continue to grow the MOB segment of our portfolio. Our focus remains on the future and positioning HTI for an eventual liquidity event. Thank you for joining us today and thank you for your continued support of HTI.

Operator Closes the Call

The conference has now concluded. If you have submitted questions during today’s webcast, a member of our investor relations group will follow-up to answer your questions. Also, please note that a copy of the presentation and replay of this webcast will be available on the company’s website at www.healthcaretrustinc.com. Thank you for attending today’s presentation. You may now disconnect.