Amid stock market turmoil, one senior housing real estate investment trust (REIT) is about to shake things up with a buyback plan. NorthStar Realty Finance (NYSE: NRF) has announced its plans to sell its interests in a senior housing portfolio for a gross price of approximately $900 million, with $648 million of mortgage financing in […]
NorthStar Asset Management
James F. Flaherty III has resigned as vice chairman and board member of NorthStar Healthcare Income, dramatically scaling back his involvement in the real estate investment trust he initially joined as president and CEO two years ago. Flaherty’s resignation was effective immediately as of Feb. 9, according to an 8-K filing. The decision was personal and […]
Changes could be in store for one the nation’s major owners of senior housing real estate, if an activist shareholder prevails. Land and Buildings, a New York-based hedge fund, has urged NorthStar Asset Management (NYSE: NSAM) to recombine with NorthStar Realty Finance (NYSE: NRF), a publicly traded real estate investment trust (REIT). The asset management […]
Coming off a year chock full of blockbuster acquisitions, one of the nation’s largest alternative investment sponsors and asset management firms has reached its capital raising goal for its senior housing real estate investment trust (REIT). NorthStar Healthcare Income, a non-traded publicly registered REIT that primarily invests in senior housing facilities and skilled nursing, completed […]
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