Winterfell
12 States

Watermark Fountains³
11 States

Rochester
Rochester, NY

Arbors
Long Island, NY

Watermark Aqua⁴
Texas & Ohio

Avamere
Oregon & Washington

Smyrna
Smyrna, GA

Oak Cottage
Santa Barbara, CA

Kansas City
Kansas City, KS

Franklin⁴
Franklin, MI

Cheektawaga
Cheektawaga, NY

Anthenaeum
Anthenaeum, NY

Harvard Square
Denver, CO

Trilogy
4 States

Espresso
11 States

Diversified US/UK
27 States & U.K.

Eclipse
11 States

Envoy

Trilogy (partial ownership sale)

Espresso Mezzanine Loan
11 States

Cedar Creek

Sava

Boyer

Freddie Mac (sale)

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. Amount based on principal for real estate debt and purchase price for real estate securities. 2) Classification based on predominant type of services provided at each property, but may include other services. 3) This investment includes 14 CCRCs and one property containing condominium units in which NorthStar Healthcare holds future interests. Nine of the properties are owned jointly by NorthStar Healthcare and The Freshwater Group, Inc. (Freshwater) for 97% and 3% interests, respectively. 4) Owned jointly by NorthStar Healthcare and Freshwater for 97% and 3% interests, respectively. 5) Represents cumulative distributions received to date. The joint venture continues to hold funds in escrow, which may be distributed in the future.