2023 Q1 Form 10-K Financial Statement

#000150370723000006 Filed on March 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $49.57M $185.1M
YoY Change 14.39% -23.9%
Cost Of Revenue $35.08M $137.6M
YoY Change 6.64% -22.68%
Gross Profit $14.49M $47.56M
YoY Change 38.83% -27.22%
Gross Profit Margin 29.23% 25.69%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.649M $38.59M
YoY Change -2.76% -29.63%
% of Gross Profit 66.59% 81.14%
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $11.36M $43.28M
YoY Change 10.19% -29.77%
% of Operating Profit
Other Income/Expense, Net $132.0K $77.00K
YoY Change 83.33% -98.94%
Pretax Income -$10.06M -$102.1M
YoY Change -34.96% -1021.91%
Income Tax $15.00K $61.00K
% Of Pretax Income
Net Earnings -$14.00M -$54.50M
YoY Change 7.83% -303.25%
Net Earnings / Revenue -28.24% -29.44%
Basic Earnings Per Share -$0.07 -$0.28
Diluted Earnings Per Share -$0.07 -$0.28
COMMON SHARES
Basic Shares Outstanding 195.4M shares 195.3M shares 194.3M shares
Diluted Shares Outstanding 195.4M shares 194.3M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $95.57M $103.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $2.169M $2.253M
YoY Change -13.45% -13.01%
Long-Term Investments $171.5M $176.5M
YoY Change -17.33% -16.87%
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.218B $1.238B
YoY Change -12.43% -12.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $929.6M $936.8M
YoY Change -2.64% -3.03%
SHAREHOLDERS EQUITY
Retained Earnings -$1.443B -$1.429B
YoY Change 11.79% 11.83%
Common Stock $1.732B $1.732B
YoY Change 0.36% 0.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $286.3M $299.0M
YoY Change
Total Liabilities & Shareholders Equity $1.218B $1.238B
YoY Change -12.43% -12.39%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$14.00M -$54.50M
YoY Change 7.83% -303.25%
Depreciation, Depletion And Amortization $9.649M $38.59M
YoY Change -2.76% -29.63%
Cash From Operating Activities -$3.536M $7.824M
YoY Change -67.39% -221.53%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$523.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$818.0K $15.54M
YoY Change -117.35% -97.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$4.828M -$118.6M
YoY Change 12.36% -77.95%
NET CHANGE
Cash From Operating Activities -$3.536M $7.824M
Cash From Investing Activities -$818.0K $15.54M
Cash From Financing Activities -$4.828M -$118.6M
Net Change In Cash -$9.182M -$95.28M
YoY Change -11.91% -181.18%
FREE CASH FLOW
Cash From Operating Activities -$3.536M $7.824M
Capital Expenditures
Free Cash Flow
YoY Change

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0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2078000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
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97018000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
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0 usd
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
0 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
330000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
724000 usd
CY2020 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
234000 usd
CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
224000 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2552000 usd
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
151000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-118640000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-538020000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
12147000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-95278000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
117368000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
34750000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
58820000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115660000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
210938000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93570000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
38836000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
65828000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
53140000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
53000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
100000 usd
CY2020 us-gaap Income Taxes Paid
IncomeTaxesPaid
10000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1227000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3624000 usd
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1779000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
112000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
100000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2022 nshi Noncash Or Part Noncash Transaction Reclassification Of Operating Real Estate To Assets Of Held For Sale
NoncashOrPartNoncashTransactionReclassificationOfOperatingRealEstateToAssetsOfHeldForSale
0 usd
CY2021 nshi Noncash Or Part Noncash Transaction Reclassification Of Operating Real Estate To Assets Of Held For Sale
NoncashOrPartNoncashTransactionReclassificationOfOperatingRealEstateToAssetsOfHeldForSale
0 usd
CY2020 nshi Noncash Or Part Noncash Transaction Reclassification Of Operating Real Estate To Assets Of Held For Sale
NoncashOrPartNoncashTransactionReclassificationOfOperatingRealEstateToAssetsOfHeldForSale
5000000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
Business and Organization<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">NorthStar Healthcare Income, Inc., together with its consolidated subsidiaries (the “Company”), owns a diversified portfolio of seniors housing properties, including independent living facilities (“ILF”), assisted living (“ALF”) and memory care facilities (“MCF”) located throughout the United States. In addition, the Company also has made investments through non-controlling interests in joint ventures in a broader spectrum of healthcare real estate, including seniors housing properties, as well as continuing care retirement communities (“CCRC”), skilled nursing (“SNF”), medical office buildings (“MOB”), specialty hospitals and ancillary services businesses, across the United States and United Kingdom.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company was formed in October 2010 as a Maryland corporation and commenced operations in February 2013. The Company elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), commencing with the taxable year ended December 31, 2013. The Company has conducted its operations, and intends to do so in the future, so as to continue to qualify as a REIT for U.S. federal income tax purposes.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Substantially all of the Company’s business is conducted through NorthStar Healthcare Income Operating Partnership, LP (the “Operating Partnership”). The Company is the sole general partner of the Operating Partnership. The limited partners of the Operating Partnership are NorthStar Healthcare Income Advisor, LLC and NorthStar Healthcare Income OP Holdings, LLC (the “Special Unit Holder”). NorthStar Healthcare Income Advisor, LLC invested $1,000 in the Operating Partnership in exchange for common units and the Special Unit Holder invested $1,000 in the Operating Partnership and was issued a separate class of limited partnership units (the “Special Units”), which are collectively recorded as non-controlling interests on the accompanying consolidated balance sheets as of December 31, 2022 and December 31, 2021. As the Company issued shares, it contributed substantially all of the proceeds from its continuous, public offerings to the Operating Partnership as a capital contribution. As of December 31, 2022, the Company’s limited partnership interest in the Operating Partnership was 99.99%.</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s charter authorizes the issuance of up to 400.0 million shares of common stock with a par value of $0.01 per share and up to 50.0 million shares of preferred stock with a par value of $0.01 per share. The board of directors of the Company is authorized to amend its charter, without the approval of the stockholders, to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue.</span></div><div style="margin-bottom:5pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From inception through December 31, 2022, the Company raised $2.0 billion in total gross proceeds from the sale of shares of common stock in its continuous, public offerings (the “Offering”), including $232.6 million pursuant to its distribution reinvestment plan (the “DRP”). </span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">The Internalization</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">From inception through October 21, 2022, the Company was externally managed by CNI NSHC Advisors, LLC or its predecessor (the “Former Advisor”), an affiliate of NRF Holdco, LLC (the “Former Sponsor”). The Former Advisor was responsible for managing the Company’s operations, subject to the supervision of the Company’s board of directors, pursuant to an advisory agreement. On October 21, 2022, the Company completed the internalization of the Company’s management function (the “Internalization”). In connection with the Internalization, the Company agreed with the Former Advisor to terminate the advisory agreement and arranged for the Former Advisor to continue to provide certain services for a transition period. Going forward, the Company will be self-managed under the leadership of Kendall Young, who was appointed by the board of directors as Chief Executive Officer and President concurrent with the Internalization.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Impact of COVID-19</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The Company's healthcare real estate business and investments have been challenged by suboptimal occupancy levels, lower labor force participation rates, which has driven increased labor costs, and inflationary pressures on other operating expenses.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These lasting effects from the response to the coronavirus 2019 (“COVID-19”) pandemic will continue to impact Company’s operational and financial performance. An extended recovery period increases the risk of a prolonged negative impact on the Company’s financial condition and results of operations. While the Company has the ability to meet its near term liquidity needs, general market concerns over credit and liquidity continue, and the effects of COVID-19 may also lead to heightened risk of litigation, with an ensuing increase in litigation and related costs.</span></div>At this time, the progression of the global economic recovery remains difficult for the Company to assess and estimate the future impact on the Company's results of operations. Accordingly, any estimates as reflected or discussed in these financial statements are based upon the Company's best estimates using information known to the Company as of the date of this Annual Report on Form 10-K, and such estimates may change, the effects of which could be material. The Company will continue to monitor the progression of the economic recovery and reassess its effects on the Company’s results of operations and recoverability of value across its assets as conditions change.
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
2000000000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that could affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could materially differ from those estimates and assumptions. Any estimates of the effects of the COVID-19 pandemic, inflation, rising interest rates, risk of recession and other economic conditions as reflected and/or discussed in these financial statements are based upon the Company's best estimates using information known to the Company as of the date of this Annual Report on Form 10-K. Such estimates may change and the impact of which could be material.</span></div>
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
103926000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
200473000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
65995000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
11734000 usd
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
10465000 usd
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
27575000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
115660000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
210938000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93570000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
500000 usd
CY2022 nshi Finance Lease Payments
FinanceLeasePayments
500000 usd
CY2021 nshi Finance Lease Payments
FinanceLeasePayments
700000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
97000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
60000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
29000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
24000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
18000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
10000 usd
CY2022Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
238000 usd
CY2022Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
29000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
209000 usd
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.075
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2022Q4 nshi Number Of Triple Net Lease Portfolios
NumberOfTripleNetLeasePortfolios
4 portfolio
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
117896000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
117559000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2253000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2590000 usd
CY2022 nshi Amortizationof Deferred Costsand Intangible Assets
AmortizationofDeferredCostsandIntangibleAssets
300000 usd
CY2021 nshi Amortizationof Deferred Costsand Intangible Assets
AmortizationofDeferredCostsandIntangibleAssets
1400000 usd
CY2022Q4 nshi Deferred Costs And Finite Lived Intangible Assets Amortization Expense Year One
DeferredCostsAndFiniteLivedIntangibleAssetsAmortizationExpenseYearOne
337000 usd
CY2022Q4 nshi Deferred Costs And Finite Lived Intangible Assets Amortization Expense Year Two
DeferredCostsAndFiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
337000 usd
CY2022Q4 nshi Deferred Costs And Finite Lived Intangible Assets Amortization Expense Year Three
DeferredCostsAndFiniteLivedIntangibleAssetsAmortizationExpenseYearThree
337000 usd
CY2022Q4 nshi Deferred Costs And Finite Lived Intangible Assets Amortization Expense Year Four
DeferredCostsAndFiniteLivedIntangibleAssetsAmortizationExpenseYearFour
337000 usd
CY2022Q4 nshi Deferred Costs And Finite Lived Intangible Assets Amortization Expense Year Five
DeferredCostsAndFiniteLivedIntangibleAssetsAmortizationExpenseYearFive
337000 usd
CY2022Q4 nshi Deferred Costs And Finite Lived Intangible Assets Amortization Expense After Year Five
DeferredCostsAndFiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
568000 usd
CY2022Q4 nshi Deferred Costsand Finite Lived Intangible Assets Net
DeferredCostsandFiniteLivedIntangibleAssetsNet
2253000 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-500000 usd
CY2022Q4 nshi Lease Terms Days Notice Required For Termination
LeaseTermsDaysNoticeRequiredForTermination
30 day
CY2022Q4 nshi Lease Terms Days Notice Required For Termination
LeaseTermsDaysNoticeRequiredForTermination
30 day
CY2022 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
11200000 usd
CY2021 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
13100000 usd
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
31900000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5400000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
15300000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
61000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
99000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53000 usd
CY2022Q4 us-gaap Land
Land
121518000 usd
CY2021Q4 us-gaap Land
Land
121518000 usd
CY2022Q4 us-gaap Land Improvements
LandImprovements
18945000 usd
CY2021Q4 us-gaap Land Improvements
LandImprovements
17798000 usd
CY2022Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
957924000 usd
CY2021Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
965630000 usd
CY2022Q4 us-gaap Tenant Improvements
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372000 usd
CY2021Q4 us-gaap Tenant Improvements
TenantImprovements
0 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
6736000 usd
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
8141000 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
91058000 usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
84813000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1196553000 usd
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1197900000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
263551000 usd
CY2021Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
225301000 usd
CY2022Q4 us-gaap Real Estate Investments
RealEstateInvestments
933002000 usd
CY2021Q4 us-gaap Real Estate Investments
RealEstateInvestments
972599000 usd
CY2020 us-gaap Depreciation
Depreciation
63100000 usd
CY2022 us-gaap Impairment Of Real Estate
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31900000 usd
CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
5400000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
10919000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
11192000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
11472000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
11759000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
12053000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
21792000 usd
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
79187000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
176502000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
212309000 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
47625000 usd
CY2022 nshi Proceeds From Equity Method Investment Distribution Operating And Investing Activities
ProceedsFromEquityMethodInvestmentDistributionOperatingAndInvestingActivities
67133000 usd
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15843000 usd
CY2021 nshi Proceeds From Equity Method Investment Distribution Operating And Investing Activities
ProceedsFromEquityMethodInvestmentDistributionOperatingAndInvestingActivities
18110000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
30256000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
19612000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
669466000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
46876000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
156145000 usd
CY2022Q4 nshi Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
0 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
922355000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
7338000 usd
CY2022 nshi Related Party Transaction Dueto Related Parties Amount Incurred
RelatedPartyTransactionDuetoRelatedPartiesAmountIncurred
17316000 usd
CY2022 nshi Related Party Transaction Dueto Related Parties Amount Paid
RelatedPartyTransactionDuetoRelatedPartiesAmountPaid
24185000 usd
CY2022Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
469000 usd
CY2020Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
8318000 usd
CY2021 nshi Related Party Transaction Dueto Related Parties Amount Incurred
RelatedPartyTransactionDuetoRelatedPartiesAmountIncurred
25140000 usd
CY2021 nshi Related Party Transaction Dueto Related Parties Amount Paid
RelatedPartyTransactionDuetoRelatedPartiesAmountPaid
26120000 usd
CY2021Q4 us-gaap Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
7338000 usd
CY2021 nshi Noncashor Part Noncash Acquisition Noncash Financialor Equity Instrument Consideration Shares Issuedas Paymentfor Asset Management Fees
NoncashorPartNoncashAcquisitionNoncashFinancialorEquityInstrumentConsiderationSharesIssuedasPaymentforAssetManagementFees
10600000 usd
CY2022 nshi Stock Redeemedor Called During Period Shares Paymentof Advisor Asset Management Fees
StockRedeemedorCalledDuringPeriodSharesPaymentofAdvisorAssetManagementFees
2300000 shares
CY2022 nshi Noncashor Part Noncash Acquisition Noncash Financialor Equity Instrument Consideration Shares Issuedas Paymentfor Asset Management Fees
NoncashorPartNoncashAcquisitionNoncashFinancialorEquityInstrumentConsiderationSharesIssuedasPaymentforAssetManagementFees
8900000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
206917 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
230083 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
168917 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
211250 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
223167 usd
CY2022Q2 us-gaap Dividends Payable Amount Per Share
DividendsPayableAmountPerShare
0.50
CY2022Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
97100000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
226500000 usd
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0 shares
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IncomeLossFromEquityMethodInvestments
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 nshi Rentaland Resident Fee Income
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CY2021 us-gaap Interest Income Operating
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CY2021 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
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CY2021 us-gaap Interest Expense
InterestExpense
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CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CostsAndExpensesRelatedParty
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DepreciationDepletionAndAmortization
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CY2021 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2021 us-gaap Other Nonoperating Income Expense
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GainLossOnInvestments
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IncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Profit Loss
ProfitLoss
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RentalandResidentFeeIncome
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CY2020 us-gaap Interest Income Operating
InterestIncomeOperating
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CostOfGoodsAndServicesSold
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CY2020 us-gaap Interest Expense
InterestExpense
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BusinessCombinationAcquisitionRelatedCosts
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CostsAndExpensesRelatedParty
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GeneralAndAdministrativeExpense
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DepreciationDepletionAndAmortization
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CY2020 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2020 us-gaap Other Nonoperating Income Expense
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CY2020 us-gaap Gain Loss On Investments
GainLossOnInvestments
302000 usd
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IncomeLossFromEquityMethodInvestments
-34466000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2022Q4 us-gaap Assets
Assets
1237835000 usd
CY2021Q4 us-gaap Assets
Assets
1412873000 usd
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
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CY2022Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
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CY2022 us-gaap Noninterest Income
NoninterestIncome
185136000 usd
CY2022Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
500000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
291041000 usd
CY2022Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
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CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1197900000 usd
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RealEstateGrossAtCarryingValue
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RealEstateGrossAtCarryingValue
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RealEstateCostOfRealEstateSold
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RealEstateCostOfRealEstateSold
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RealEstateCostOfRealEstateSold
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RealEstateImprovements
30531000 usd
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RealEstateImprovements
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RealEstateImprovements
17036000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
31878000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
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CY2020 us-gaap Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
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CY2022Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Gross Including Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateGrossIncludingHeldForSale
1196553000 usd
CY2021Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Gross Including Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateGrossIncludingHeldForSale
1197900000 usd
CY2020Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Gross Including Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateGrossIncludingHeldForSale
1782822000 usd
CY2022Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Classified As Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateClassifiedAsHeldForSale
0 usd
CY2021Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Classified As Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateClassifiedAsHeldForSale
0 usd
CY2020Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Classified As Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateClassifiedAsHeldForSale
7851000 usd
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1196553000 usd
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1197900000 usd
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
1774971000 usd
CY2022Q4 nshi Sec Schedule Iii Real Estate Amountof Federal Income Tax Basis Over Cost Basis
SECScheduleIIIRealEstateAmountofFederalIncomeTaxBasisOverCostBasis
349400000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
225301000 usd
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
291041000 usd
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
230814000 usd
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
38250000 usd
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
53476000 usd
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
63078000 usd
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 usd
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
119216000 usd
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
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CY2022Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Including Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationIncludingHeldForSale
263551000 usd
CY2021Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Including Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationIncludingHeldForSale
225301000 usd
CY2020Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Including Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationIncludingHeldForSale
293892000 usd
CY2022Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Classified As Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationClassifiedAsHeldForSale
0 usd
CY2021Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Classified As Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationClassifiedAsHeldForSale
0 usd
CY2020Q4 nshi Sec Schedule1228 Real Estate Companies Investment In Real Estate Accumulated Depreciation Classified As Held For Sale
SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAccumulatedDepreciationClassifiedAsHeldForSale
2851000 usd
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
263551000 usd
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
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CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
0 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
55864000 usd
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
55468000 usd
CY2022 nshi Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate New Mortgage Loan Capitalized Payment In Kind Interest
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateNewMortgageLoanCapitalizedPaymentInKindInterest
0 usd
CY2021 nshi Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate New Mortgage Loan Capitalized Payment In Kind Interest
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateNewMortgageLoanCapitalizedPaymentInKindInterest
194000 usd
CY2020 nshi Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate New Mortgage Loan Capitalized Payment In Kind Interest
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateNewMortgageLoanCapitalizedPaymentInKindInterest
0 usd
CY2022 nshi Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Loan Modification Fees
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateLoanModificationFees
0 usd
CY2021 nshi Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Loan Modification Fees
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateLoanModificationFees
687000 usd
CY2020 nshi Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Loan Modification Fees
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateLoanModificationFees
0 usd
CY2022 nshi Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Reclassification
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateReclassification
0 usd
CY2021 nshi Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Reclassification
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateReclassification
-18307000 usd
CY2020 nshi Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Reclassification
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateReclassification
-271000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
0 usd
CY2021 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
74376000 usd
CY2020 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
0 usd
CY2022 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
0 usd
CY2021 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
698000 usd
CY2020 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
125000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
0 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
0 usd
CY2020Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
55864000 usd
CY2022 dei Auditor Firm
AuditorFirmId
248

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