NorthStar Healthcare Income

NorthStar Healthcare Income is a healthcare real estate investment trust focused on owning senior housing properties in the United States. Its portfolio has included independent living, assisted living, and memory care communities, and the company has operated as an internally managed, public non-listed REIT rather than a drug-development biotech or pharmaceutical company. The business was formed in 2010, commenced operations in 2013, and conducted substantially all operations through NorthStar Healthcare Income Operating Partnership, LP. In January 2025, the company announced a definitive agreement to be acquired by an affiliate of Welltower in an all-cash transaction valued at approximately $900 million, and the transaction closed in June 2025. Following the acquisition, NorthStar Healthcare Income became part of a Welltower affiliate and is best characterized as a healthcare real estate owner/operator rather than a life sciences platform company.