NorthStar Healthcare Successfully Completes Offering

NorthStar Healthcare Income Inc., a publicly registered, non-traded real estate investment trust sponsored by NorthStar Asset Management Group Inc. (NYSE: NSAM), completed its $700 million follow-on offering for a total capital raise of $1.8 billion, fully completing the offering.

The REIT commenced operations in 2013, and as of December 18, 2015, has invested in an approximately $2.8 billion healthcare real estate portfolio, including 35 equity investments with a total cost of $2.6 billion and four debt investments with a combined principal amount of $193 million.

“When we launched NorthStar Healthcare, we sought to provide investors an opportunity to capitalize on both the investment opportunity in this sector and NSAM’s leading presence in this marketplace,” commented Ron Jeanneault, chief executive officer of the REIT. “We would like to thank all our broker-dealer partners, financial advisors and our shareholders for their confidence and support and we continue to be focused on delivering value to everyone.”

NorthStar Healthcare was formed to acquire, originate and asset manage a diversified portfolio of equity, debt and securities investments in healthcare real estate, with a focus on the needs-driven senior housing sector, such as independent living, assisted living, memory care and skilled nursing facilities and continuing care retirement communities. The REIT also invests in other healthcare property types, including medical office building, hospitals and rehabilitation facilities.