Dec
14

Net-Leased Health Care Properties Still Strong In Downturn

By

– GlobeSt.com

NorthStar Realty Finance Corp. is looking to spin off Wakefield Capital LLC, which began as a net-leased seniors housing and healthcare-related property investment joint venture several years ago, into a separate publicly traded company of its own.

Earlier this week New York City-based NorthStar filed a registration statement for a proposed IPO of the new entity, NorthStar Healthcare Investors Inc., which expects to qualify as a REIT. NorthStar Healthcare expects to continue and expand Wakefield’s business, with a focus on acquiring and owning senior housing facilities, primarily private pay assisted living facilities, and other healthcare properties, according to the filing with the Securities and Exchange Commission.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.globest.com/news/1555_1555/insider/182597-1.html

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