NorthStar Healthcare Income, Inc.
northstarhealthcarereit.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2025 10-Q, filed May 8, 2025. Its latest SEC filing is a 15-12G from Jun 9, 2025.
10-Q for Q1 FY2025, filed May 8, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Owns seniors housing properties offering independent living, assisted living and memory care to older adults.
10-K for FY2024, filed Mar 14, 2025
How Did They Make Money?
Collects rent for space leased to operators and residents, with rent and expense reimbursements generally paid monthly; resident revenue also includes ancillary service fees and other related charges.
10-K for FY2024, filed Mar 14, 2025Rental income from operating real estate is derived from leasing of space to operators and residents, including rent received from the…View ↗
$206.7M
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10-K for FY2024, filed Mar 14, 2025
$206.7M ↗
Who Were Their Customers?
Residents pay fees for housing and services, while healthcare operators lease space; independent managers run the operating facilities under management agreements.
10-K for FY2024, filed Mar 14, 2025Independent living facilities. ILFs are properties with central dining facilities that provide services that include security…View ↗
We engage independent managers to operate these facilities pursuant to management agreements, including procuring supplies, hiring and…View ↗
Rental income from operating real estate is derived from leasing of space to operators and residents, including rent received from the…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 47 cents of every revenue dollar as net income in .
10-K for FY2024, filed Mar 14, 2025
10-K for FY2024, filed Mar 14, 2025
$97.6MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2025, filed May 8, 2025
$6.9MView ↗
- ▲ Now profitable
- vs −$8M in Q1 FY2024
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Jun 9, 2025
Merger closed and NorthStar ceased to exist
Each share converted into a right to receive $3.03 in cash.
Sources
8-K, filed Jun 9, 2025
Pursuant to the terms of the Merger Agreement, on June 9, 2025, at the effective time of the Merger (the “Effective Time”), each share of…View ↗
Shrank. Revenue fell 25% in 4 years, from $275.3M in to $206.7M in , about 7% a year.
Portfolio focus
The latest report centers on seniors housing properties and a stake in a related management platform, while the earlier report described a broader mix that included skilled nursing, medical offices, hospitals, loans and other healthcare investments.
10-K for FY2021, filed Mar 18, 2022 10-K for FY2024, filed Mar 14, 2025We were formed to acquire, originate and asset manage a diversified portfolio of equity, debt and securities investments in healthcare real…View ↗
Our InvestmentsView ↗
Direct Investments - Operating - Healthcare properties operated pursuant to management agreements with healthcare managers. Direct…View ↗
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