Andrew T. Babin Appointed CFO at National Healthcare Properties

The new CFO brings deep REIT sector experience as NHP targets optimized capital structure and public listing momentum.

November 19, 2025

National Healthcare Properties Names Andrew T. Babin as CFO, Succeeding Scott Lappetito

National Healthcare Properties (Nasdaq: NHPAP / NHPBP) is moving forward with a new financial leader. As of November 18, 2025, Andrew T. Babin has taken on the role of Chief Financial Officer and Treasurer, stepping in as Scott M. Lappetito departs to pursue new opportunities.

This transition comes at a pivotal moment. NHP is positioning itself for continued portfolio growth and capital markets engagement, and Babin brings the background to support that momentum. His focus will center on optimizing the company’s capital structure and strengthening investor engagement—two critical levers for any REIT looking to scale with precision.

Babin joins from Medical Properties Trust, where he led financial strategy and investor relations. His work covered forecasting, market-facing communications, and involvement in capital markets activities. That blend of skills is expected to enhance NHP’s ability to respond to market dynamics, shape its funding strategy, and communicate clearly with both current and potential stakeholders.

Before his time at Medical Properties Trust, Babin spent more than five years at Robert W. Baird & Co. as a senior research analyst. There, he tracked over 20 healthcare and residential REITs, building a deep understanding of sector performance and investor expectations. Earlier in his career, he served nearly a decade at CBRE Clarion Real Estate Securities as a senior analyst covering a broad range of North American real estate. Babin is a CFA Charterholder and a Certified Management Accountant, with a degree in economics from Middlebury College.

Strategic Transition and Forward Focus

This leadership change was planned with care. NHP and Lappetito executed a separation agreement, and the company made clear there were no disagreements related to operations or financial reporting. The focus now is squarely on continuity and future execution.

As NHP expands its healthcare real estate footprint—particularly in senior housing and outpatient medical facilities—financial oversight will play a larger role in maintaining agility. With Babin in place, NHP aims to refine its capital strategy, support tenant performance, and stay aligned with its broader investment and growth priorities.

While the company sees opportunity ahead, it’s also realistic about the environment. Forward-looking statements in its release highlight factors that could affect results, including:

• Access to capital markets


• Performance of property operators and tenants


• Occupancy levels across the portfolio


• Execution on future acquisitions and development plans

These are the operational realities every REIT has to manage, and NHP is signaling that it intends to do so with clarity and direction.

Babin’s hire reflects a broader strategic shift: a move toward sharper execution and more consistent communication with the market. For a company preparing for further public market engagement, those elements aren’t just helpful—they’re essential.

For more on NHP and its real estate investment focus, stakeholders are encouraged to visit the company’s website at nhpreit.com.