PHILADELPHIA: NorthStar Healthcare Income, Inc., through a joint venture with NorthStar Realty Finance Corp. (NorthStar Realty), has acquired an $875 million portfolio of independent living facilities.
NorthStar Healthcare is a public, non-traded real estate investment trust (REIT) sponsored by NSAM. NorthStar Healthcare was formed to originate, acquire and asset manage a diversified portfolio of equity and debt investments in the healthcare real estate sector with a focus on the mid-acuity senior housing sector.
The group is now looking to acquire here…