NorthStar Healthcare Announces Escrow Break
New York, NY (February 12, 2013) – NorthStar Healthcare Income, Inc. (NorthStar Healthcare) announced today that it has satisfied the minimum offering amount in connection with its public offering as a result of its sale of $2.0 million in shares of its common stock for $9.00 per share to NorthStar Realty Finance Corp. (NYSE: NRF), its sponsor.
NorthStar Healthcare intends to use the proceeds of the offering to originate, acquire and asset manage a diversified portfolio of debt and equity investments in the healthcare real estate sector, with a focus on the mid-acuity senior housing sector, which we define as assisted living, memory care, skilled nursing and independent living facilities that have an emphasis on private pay patients.
This press release is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus. This press release 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 the offering. Any representation to the contrary is a criminal offense.