NorthStar Healthcare Income, Inc. Follow-On Offering Declared Effective by the U.S. Securities and Exchange Commission
New York, NY (February 10, 2015) – NorthStar Healthcare Income, Inc. (NorthStar Healthcare) announced today that its registration statement related to its follow-on offering of $700.0 million of common stock has been declared effective by the U.S. Securities and Exchange Commission. NorthStar Healthcare is a public, non-traded real estate investment trust (REIT) formed to originate, acquire and asset manage a diversified portfolio of equity and debt investments in the healthcare real estate sector.
NorthStar Healthcare intends to use the proceeds of the offering to build a diverse investment portfolio with a focus on the needs-driven senior housing sector, which includes assisted living, memory care, skilled nursing and independent living facilities.
NorthStar Healthcare is offering $500.0 million of common stock at $10.20 per share pursuant to a primary offering and an additional $200.0 million of common stock at $9.69 per share pursuant to its distribution reinvestment plan. NorthStar Healthcare may reallocate the shares being offered between its primary offering and its distribution reinvestment plan.