Winterfell
12 States

Pacific Northwest
Oregon & Washington

Aqua³
Texas & Ohio

Oak Cottage
Santa Barbara, CA

Franklin
Franklin, MI

Cheektawaga
Cheektawaga, NY

Anthenaeum
Anthenaeum, NY

Harvard Square
Denver, CO

Smyrna
Smyrna, GA

Kansas City
Kansas City, KS

Watermark Fountains
11 States

Rochester^{3, 4}
Victor, NY

Arbors
Long Island, NY

Envoy

Espresso

Trilogy

Diversified US/UK and Eclipse (ownership sale)

Cedar Creek

Sava

Boyer

Freddie Mac (sale)

Espresso Mezzanine Loan

ALF: Assisted Living | ILF: Independent Living | MCF: Memory Care

NorthStar Healthcare owns the properties pictured.

1) For investments, amount represents gross real estate carrying value, net of impairment, before accumulated depreciation as presented in NorthStar Healthcare's consolidated financial statements as of March 31, 2025. 2) Classification based on predominant services provided, but may include other services. 3) NorthStar Healthcare owns a 97% and affiliates of Watermark own a 3% non-controlling interest in the Rochester and Aqua portfolios. 4) Excludes the seven healthcare real estate properties, securing seven individual mortgage notes payable, which were placed into a receivership in October 2023. 5) Represents cumulative distributions received to date.