Terms of Use

Terms of Use

Terms of Use

Effective Date: These Terms of Use are Effective as of 08/07/2012.

Last Updated: These Terms of Use were last updated on 01/11/2017.

These terms of use (“Terms of Use”) govern your use of the website located at www.northstarsecurities.com/healthcare (“Website”). The Website is provided to you by NorthStar Healthcare Income, Inc. and its affiliates or subsidiaries (cumulatively referred to as “NorthStar Healthcare,” “us,” “our,” or “we”).

YOUR USE OF THE WEBSITE INDICATES YOUR (I) ACCEPTANCE OF THESE TERMS OF USE, AND (II) ACKNOWLEDGEMENT THAT ANY INFORMATION YOU PROVIDE EITHER DIRECTLY OR INDIRECTLY THROUGH THE WEBSITE WILL BE MANAGED IN ACCORDANCE WITH THE NORTHSTAR HEALTHCARE PRIVACY POLICY LEGAL@CLNS.COM.

NORTHSTAR HEALTHCARE MAY AT ANY TIME, IN ITS SOLE DISCRETION, REVISE, CHANGE, OR MODIFY THESE TERMS AND CONDITIONS BY UPDATING THIS POSTING. YOU ARE BOUND BY ANY SUCH REVISIONS AND SHOULD THEREFORE PERIODICALLY VISIT THIS PAGE TO REVIEW THE CURRENT TERMS AND CONDITIONS TO WHICH YOU ARE BOUND, AND YOUR CONTINUED USE OF THE WEBSITE SHALL INDICATE YOUR ACCEPTANCE OF ANY SUCH REVISIONS. YOU MAY NOT DISTRIBUTE, MODIFY, TRANSMIT OR REVISE THE CONTENTS OF THIS SITE WITHOUT THE EXPRESS WRITTEN PERMISSION OF NORTHSTAR HEALTHCARE.

PLEASE READ THESE TERMS OF USE CAREFULLY BEFORE USING THIS WEBSITE. IF YOU DO NOT ACCEPT THESE TERMS OF USE, YOU MAY NOT ACCESS OR USE THE WEBSITE.

  1. Changes to the Website

NorthStar Healthcare reserves the right to change, suspend, or discontinue all or any aspect of the Website, Features (defined in Section II) or any Content (defined in Section V) at any time without notice.

  1. User Eligibility and Permitted Use of the Website

The Website is available worldwide and may be operated from various locations both within and outside the United States of America (“USA”). Access to and use of the Website, including functionality and features available on the Website and any services discussed, referenced, provided or offered through or on the Website, if any (the “Features”), however, may be inappropriate, prohibited or restricted in countries outside the USA. NorthStar Healthcare makes no warranty or representations that the Website or the Features are appropriate or available for access/use outside of the USA. If you access/use the Website from outside the USA, you do so at your own risk and are responsible for complying with the laws and regulations of the territory from which you access/use the Website. It is your responsibility to ascertain and obey all applicable local, state, federal and international laws (including minimum age requirements) with regard to your use of the Website. The Website is not intended for use by children under the age of 18.

  1. Securities Law and Offerings

Investments in real estate investment trusts (“REITs”) are subject to substantial risks. You should consult your tax and financial advisors before using any information on this Website or making an investment in any product described on the Website. The risks involved in investing in NorthStar Healthcare include, without limitation, the following:

  • We may not achieve our investment objectives; the prior performance of our sponsor may not predict our future results.
  • No public market currently exists for our shares. If you are able to sell your shares, you would likely have to sell them at a substantial loss.
  • You do not have the opportunity to evaluate the investments we will make with the proceeds of this offering before we make them, which makes your investment more speculative.
  • We depend on our advisor and its affiliates to select our investments and conduct our operations. The fees we pay to our advisor and its affiliates were not determined on an arm’s length basis. These fees increase your risk of loss.
  • Our equity investments will also be subject to the risks typically associated with real estate, including limited supply of targeted investments increasing our purchase price, reduced occupancy rates and decreases in some or all of the value over time.
  • The collateral securing our debt investments may decrease in value or lose all value over time, which may lead to a loss of some or all of principal. Any unsecured debt may involve a heightened level of risk.
  • We have board authority to use leverage in connection with our investments, which increases the risk of loss associated with our investments.
  • Our borrowers and operators may not be able to make debt service or lease payments to us due to changes in economic conditions, regulatory requirements and other factors.
  • There is no guarantee of distributions. Distributions have been paid from sources other than cash flow from operations, which may reduce an investor’s overall return. There is no guarantee of any return and you may lose a part or all of your investment.
  • Our executive officers and our advisor’s other key professionals are also officers, directors, managers and key professionals of our sponsor and its affiliates. As a result, they will face significant conflicts of interest.
  • If we raise substantially less than the maximum offering, we may not be able to acquire a diverse portfolio of investments and the value of your shares may vary more widely with the performance of specific assets.
  • Diversification does not eliminate risk and does not assure better performance.
  • We may change our targeted investments or investment policies without stockholder consent.
  • Our organizational documents permit us to pay distributions from any source, including offering proceeds, borrowings or sales of assets. We have not established a limit on the amount of proceeds we may use to fund distributions. We have paid and may continue to pay distributions from sources other than our cash flow from operations, and consequently, we will have less cash available for investments and your overall return may be reduced.
  • The offering price was determined by our board of directors based on a valuation of our assets and liabilities and may not be indicative of the price at which the shares would trade on a securities exchange or be sold. The actual value of our shares may be substantially less than our offering price.
  • We are not required to liquidate our assets or list our shares for trading by a specified date or at all.
  • If we fail to qualify as a REIT for federal income tax purposes, our cash available for distribution and the value of our shares could materially decrease.
  • An investment in NorthStar Healthcare is not a direct investment in commercial real estate. An investment in NorthStar Healthcare is subject to fees and expenses that do not apply to such direct investments.
  • If we terminate our agreement with our advisor, we may be required to pay significant fees to an affiliate of our sponsor, which will reduce the cash available for distribution to you.
  • The other risks set forth in our prospectus and our filings with the Securities and Exchange Commission.
  1. No Investment Advice or Recommendations

Nothing contained on the Website constitutes tax, legal or investment advice. Neither the information, nor any opinions contained on the Website constitutes a solicitation or offer by NorthStar Healthcare or its affiliates to buy or sell any securities, futures, options or other financial instruments, nor shall any such financial instrument be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.

  1. Ownership of Rights and Limitation of Use

The Website design and all text, graphics, information, trademarks, service marks, trade names, photographs, advertisements, content, and other material displayed on the Website (the “Content”) are either the property of, or used with permission by, NorthStar Healthcare. The ownership of all Content is retained by its owner. You may not (i) modify the Content in any way or reproduce or publicly display, perform, or distribute or otherwise use the Content for any public or commercial purpose or (ii) remove, obscure or otherwise deface proprietary notices appearing on any Content, including copyright, trademark and other intellectual property notices. The Content is protected by copyright, trademark and other laws and international treaty provisions and may not be used except as permitted in these Terms of Use or with the prior written permission of the owner of such Content. Your use of the trademarks displayed on this website, except as provided herein, is strictly prohibited. The use of the images displayed on this website by you, or anyone else authorized by you, is prohibited. Any unauthorized use of the images may violate copyright laws, trademark laws, the laws of privacy and publicity, and communications regulations and statutes. 

  1. Links to Other Websites

NorthStar Healthcare may establish links between this website and one or more websites operated by third parties (“Linked Websites”). All such links are provided solely as a convenience to you, and NorthStar Healthcare has no control over any such Linked Websites, the contents therein or the products/services offered. The existence of any such links shall not constitute an endorsement, representation or warranty by NorthStar Healthcare of such Linked Websites, their contents, products or services or the operators of the Linked Websites. NorthStar Healthcare disclaims responsibility for the privacy policies and customer information practices of any Linked Websites. If you decide to access any other Linked Websites, you do so entirely at your own risk. You should review the policies and terms of use associated with the Linked Websites closely before using and submitting information to such Linked Websites.

  1. Links to NorthStar Healthcare from Other Websites

You shall not display hyperlinks on your websites to any website owned or operated by NorthStar Healthcare. If you desire to display on your website a hyperlink to the NorthStar Healthcare website, you must enter into a written agreement with NorthStar Healthcare governing such display. Access to any NorthStar Healthcare website does not authorize you to use any of NorthStar Healthcare’s names, logos, trademarks or copyrighted material, and you agree not to use the same without NorthStar Healthcare’s express written consent. Requests to display hyperlinks on your websites to NorthStar Healthcare websites should be e-mailed to legal@clns.com.

  1. SEC Materials

Certain information provided through this website has been filed with the Securities and Exchange Commission ("SEC") (such materials being referred to as "SEC Materials"). The SEC Materials and other public disclosures contained on this website contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements are typically identified by words or phrases such as likely, believe, expect, anticipate, intend, estimate, position and variations of such words and similar expressions, or future or conditional verbs such as will, would, should, could, may or similar expressions. NorthStar Healthcare cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, all of which change over time, and NorthStar Healthcare assumes no duty to update forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements and future results could differ materially from historic performance.

The following factors, among others, could cause actual results to differ materially from forward-looking statements or historic performance: the introduction, withdrawal, success and timing of business initiatives and strategies; economic conditions; changes in interest rates and financial and capital markets; competitive conditions; capital improvement projects; future acquisitions; and the impact, extent and timing of technological changes and legislative and regulatory actions and reforms.

Neither the Securities and Exchange Commission, the Attorney General of the State of New York nor any other state securities regulator has passed on or endorsed the merits of any information or Content displayed or conveyed on or through the Website. Any representation to the contrary is unlawful.

NorthStar Securities, LLC, member FINRA/SIPC, an affiliate of NorthStar Healthcare, is the dealer manager for NorthStar Healthcare offering.

Reference is made to NorthStar Healthcare’s filings with the SEC which identify additional factors that can affect forward-looking statements. 

  1. Miscellaneous

The laws of the State of New York govern these terms and conditions. If you take legal action relating to these terms and conditions, you agree to file such action only in the New York State Supreme Court located in New York, NY, or the United States District Court for the Southern District of New York, and you consent and submit to the personal jurisdiction of those courts for the purpose of litigating any action with NorthStar Healthcare. Section headings in these Terms of Use are for convenience only and have no legal or contractual effect. If any provision of these terms is deemed unlawful, void, or for any reason unenforceable, then that provision will be deemed severable from these terms and will not affect the validity and enforceability of the remaining provisions. A printed version of these Terms of Use shall be admissible in judicial and administrative proceedings based upon or relating to these Terms of Use to the same extent and subject to the same conditions as other business documents and records originally generated and maintained in printed form.

  1. Contact Us

For issues or questions related to the Website or these Terms of Use please email legal@clns.com.

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.