NorthStar Healthcare Income Company Description
NorthStar Healthcare Income, Inc., together with its consolidated subsidiaries (the Company), owns a diversified portfolio of seniors housing properties, including independent living facilities (ILFs), assisted living facilities (ALFs) and memory care facilities (MCFs) located throughout the United States.
The Company was formed in October 2010 as a Maryland corporation and commenced operations in February 2013.
The Company elected to be taxed as a real estate investment trust (REIT) under the Internal Revenue Code of 1986, as amended (the Code), commencing with the taxable year ended December 31, 2013.
The Company has conducted its operations, and intends to do so in the future, so as to continue to qualify as a REIT for U.S. federal income tax purposes.
Substantially all of the Company business is conducted through NorthStar Healthcare Income Operating Partnership, LP (the Operating Partnership).
The Company is the sole general partner of the Operating Partnership. The limited partners of the Operating Partnership are NorthStar Healthcare Income Advisor, LLC and NorthStar Healthcare Income OP Holdings, LLC (the Special Unit Holder), which became indirect subsidiaries of the Company on June 9, 2023.
NorthStar Healthcare Income Advisor, LLC invested 1,000 dollar in the Operating Partnership in exchange for common units and the Special Unit Holder invested 1,000 dollar in the Operating Partnership and was issued a separate class of limited partnership units (the Special Units), which were collectively recorded as non-controlling interests on the accompanying consolidated balance sheets prior to June 9, 2023.
As the Company issued shares, it contributed substantially all of the proceeds from its continuous, public offerings to the Operating Partnership as a capital contribution.
As of March 31, 2025, the Company limited partnership interest in the Operating Partnership, directly or indirectly, was 100%.
The Company charter authorizes the issuance of up to 400.0 million shares of common stock with a par value of 0.01 dollar per share and up to 50.0 million shares of preferred stock with a par value of 0.01 dollar per share.
The board of directors of the Company (the Board) is authorized to amend its charter, without the approval of the stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue.
The Company raised 2.0 billion dollar in total gross proceeds from the sale of shares of common stock in its continuous, public offerings (the Offering), including 232.6 million dollar pursuant to its distribution reinvestment plan (the DRP).
| Country | United States |
| Founded | 2010 |
| Industry | REIT - Healthcare Facilities |
| Sector | Real Estate |
| Employees | 8 |
| CEO | Kendall Young |
Contact Details
Address: 575 Lexington Avenue New York, Maryland 10022 United States | |
| Phone | 929 777 3135 |
| Website | northstarhealthcarereit.com |
Stock Details
| Ticker Symbol | NHHS |
| Exchange | OTCMKTS |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| ISIN Number | US66705T1051 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Kendall K. Young | Chief Executive Officer, President and Director |
| Nicholas R. Balzo | Chief Financial Officer and Treasurer |
| Ann B. Harrington | General Counsel and Secretary |