Investment HighlightsAs of September 30, 2022

Equity - Direct Investments

12 States

Investment1: $905.0MM
Properties1: 32
Facility Type2: ILF

Rochester, NY

Investment1: $219.5MM
Properties1: 10
Facility Type2: ILF, ALF

Long Island, NY

Investment1: $126.8MM
Properties1: 4
Facility Type2: ALF

Watermark Aqua3
Texas & Ohio

Investment1: $77.5MM
Properties1: 4
Facility Type2: ILF, ALF

Oregon & Washington

Investment1: $99.4MM
Properties1: 5
Facility Type2: ILF, ALF

Oak Cottage
Santa Barbara, CA

Investment1: $19.4MM
Properties1: 1
Facility Type2: MCF
Equity - Direct Investments - SOLD

Franklin, MI

Sales Price $12.0MM
Properties: 1

Cheektawaga, NY

Sales Price $17.3MM
Properties: 1

Anthenaeum, NY

Sales Price $2.4MM
Properties: 1

Harvard Square
Denver, CO

Sales Price $22.0MM
Properties: 1

Smyrna, GA

Sales Price $2.0MM
Properties: 1

Kansas City
Kansas City, KS

Sales Price $5.4MM
Properties: 2

Watermark Fountains
11 States

Sales Price $580.0MM
Properties: 14


Equity - Unconsolidated Investments

4 States

Investment1: $440.9MM
Properties1: 98
Facility Type2: SNF, ALF

3 States

Investment: -
Properties: -
Facility Type2: SNF, ALF

Diversified US/UK5
17 States & U.K.

Investment1: $261.2MM
Properties1: 138
Facility Type2: SNF,ALF

11 States

Investment1: $37.3MM
Properties1: 51
Facility Type2: SNF, ALF
Equity - Unconsolidated Investments – REALIZED & SOLD


Total Distributions6:  $7.1MM

Trilogy (partial ownership sale)

Sales Price: $48.0MM
Debt & Securities - REPAID & SOLD

Cedar Creek

Type: First Mortgage
Amount1: $11.3MM


Type: Mezz Loan
Amount1: $120.0MM


Type: First Mortgage
Amount1: $14.6MM

Freddie Mac (sale)

Type: Securities
Investment1: $30.5MM

Espresso Mezzanine Loan

Type: Mezz Loan
Amount: $75.0MM

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.