Welltower Affiliate To Acquire NorthStar Healthcare Income REIT For $900 Million

An affiliate of Welltower® Inc. plans to acquire NorthStar Healthcare Income, Inc. (NorthStar), an internally managed, public, non-listed real estate investment trust (REIT). NorthStar owns a diversified portfolio of 40 seniors housing properties located throughout the United States. Welltower plans an all=cash transaction with an approximate enterprise value of $900 million. The acquisition is slated to close during the first half of 2025. It has been approved by NorthStar’s board of directors, but still must be approved by NorthStar’s stockholders.

NorthStar Healthcare was formed in October 2010. Together with its consolidated subsidiaries, NorthStar owns a diversified . . .