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OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates."},{"field":"security","element":"securityTitle","label":"F2","text":"The LTIP Units are a class of limited partnership units of National Healthcare Properties Operating Partnership, L.P."},{"field":"security","element":"securityTitle","label":"F3","text":"The LTIP Units will vest on May 15, 2027, subject to the recipient's continued service through the applicable vesting date."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by National Healthcare Properties, Inc. (the \"Issuer\") into an equivalent number of units of National Healthcare Properties Operating Partnership, L.P. (\"OP Units\"). 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