Investor Relations

Investor
Relations

Press Releases

NorthStar Healthcare Successfully Completes Offering

New York, NY (December 29, 2015) – NorthStar Healthcare Income, Inc. (NorthStar Healthcare), a publicly registered, non-traded real estate investment trust (REIT) sponsored by NorthStar Asset Management Group Inc. (NYSE: NSAM) announced today that it has successfully completed its $700 million follow-on offering as of December 17, 2015, for a total capital raise of $1.8 billion fully completing the offering.

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NorthStar Healthcare Joint Venture Completes Acquisition of Trilogy Health Services in $1.125 Billion Transaction

New York, NY (December 2, 2015) – NorthStar Healthcare Income, Inc. (NorthStar Healthcare) today announced that, pursuant to a joint venture with Griffin-American Healthcare REIT III, Inc. (Griffin-American), it has completed the acquisition of approximately 96% of Trilogy Investors, LLC (Trilogy), the parent company of Trilogy Health Services, LLC, for a purchase price that is based on a total company valuation of approximately $1.125 billion. NorthStar Healthcare owns 30% of the joint venture, while Griffin-American owns 70% of the joint venture and acts as its manager. In addition, as part of the transaction, Randy Bufford, Trilogy’s founder and chief executive officer, and other members of Trilogy’s management have retained an approximately 4% equity interest in Trilogy. Bufford and his executive team will continue to manage the Trilogy assets on behalf of the joint venture.

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NorthStar Healthcare Joint Venture to Acquire Trilogy Health Services in $1.125 Billion Transaction New

New York, NY (September 15, 2015) –NorthStar Healthcare Income, Inc. (NorthStar Healthcare) today announced that it has entered into a definitive agreement to acquire Trilogy Investors LLC (Trilogy), the parent company of Trilogy Health Services LLC, for approximately $1.125 billion pursuant to a joint venture with Griffin-American Healthcare REIT III, Inc. (Griffin-American). NorthStar Healthcare will own approximately 30% of the joint venture, while Griffin-American will own approximately 70% of the joint venture. In addition, as part of the transaction, Randy Bufford, Trilogy’s founder and chief executive officer, and other members of Trilogy’s management will maintain an investment of approximately $24 million in Trilogy.

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NorthStar Healthcare Acquires Interest in $1.1 Billion Senior Housing Investment

New York, NY (July 16, 2015) – NorthStar Healthcare Income, Inc. (NorthStar Healthcare), through a joint venture with Formation Capital, LLC (Formation) and Safanad Management Limited (Safanad), announced the closing of the acquisition of the U.S.-based operations of Extendicare International Inc., including a portfolio of 158 senior housing and care facilities for a total cost of approximately $1.1 billion. NorthStar Healthcare acquired a 36.67% interest in the portfolio, while affiliates of Safanad and Formation collectively acquired the remaining 63.33% interest. In connection with the acquisition, NorthStar Healthcare also originated a $75.0 million mezzanine loan to partially finance the transaction, which bears interest at a fixed rate of 10.0% per year and has a term of 67 months.

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This website is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus. This website must be read in conjunction with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Securities and Exchange Commission, the Attorney General of the State of New York nor any other state securities regulator has approved or disapproved of our common stock, determined if the prospectus is truthful or complete or passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. Consult the prospectus for suitability standards in your state. Securities offered through NorthStar Securities, LLC, member FINRA/SIPC, an affiliate of and the dealer manager for NorthStar Healthcare. NorthStar Securities, LLC is doing business as NorthStar BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.