NorthStar Healthcare Breaks Escrow in Ohio and Tennessee
New York, NY (October 8, 2013) – NorthStar Healthcare Income, Inc. (NorthStar Healthcare) announced today that it has raised in excess of $20.0 million in aggregate gross proceeds from its initial public offering. Accordingly, NorthStar Healthcare is now accepting subscriptions from all states where it has cleared, including subscriptions from residents of Ohio and Tennessee.
About NorthStar Healthcare Income, Inc.
NorthStar Healthcare is a public, non-traded corporation that intends to qualify as a real estate investment trust (REIT). NorthStar Healthcare was formed 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.