Winterfell
12 States

Rochester³
Rochester, NY

Arbors
Long Island, NY

Watermark Aqua³
Texas & Ohio

Avamere
Oregon & Washington

Oak Cottage
Santa Barbara, CA

Franklin³
Franklin, MI

Cheektawaga
Cheektawaga, NY

Anthenaeum
Anthenaeum, NY

Harvard Square
Denver, CO

Smyrna
Smyrna, GA

Kansas City
Kansas City, KS

Watermark Fountains
11 States

Trilogy
4 States

Espresso⁴
3 States

Diversified US/UK⁵
17 States & U.K.

Eclipse
11 States

Envoy

Trilogy (partial ownership sale)

Cedar Creek

Sava

Boyer

Freddie Mac (sale)

Espresso Mezzanine Loan

1) Does not include properties held for sale. Investment amount based on cost for real estate equity investments, which includes purchase price allocations related to net intangibles, deferred costs, other assets, if any, and adjusted for subsequent capital expenditures. May exclude other costs and expenses, including pre-funded capital expenditures, adjustments for working capital and other items relating to the closing of the investment. Includes NorthStar Healthcare’s proportionate share of assets acquired through unconsolidated joint ventures. 2) Classification based on predominant type of services provided at each property, but may include other services. 3) Owned jointly by NorthStar Healthcare and Freshwater for 97% and 3% interests, respectively. 4) As a result of the joint venture pursuing dispositions of its various sub-portfolios, the remaining 62 properties are excluded from the property count as of September 30, 2022. 5) The joint venture classified the 106 properties within the MOB portfolio and two hospitals as held for sale as of September 30, 2022. 6) Represents cumulative distributions received to date.