Welltower has agreed to acquire NorthStar Healthcare Income REIT in a $900 million all-cash transaction

The deal, which was expected to close in the first half of 2025, was finalized on June 9, 2025 and Welltower will acquire NorthStar’s 40 senior housing communities. The acquisition was subject to customary closing conditions, including stockholder approval which was granted. Welltower acquired NorthStar for $3.03 per share, totaling approximately $900 million and meaning investors that purchased the real estate investment trust (REIT) at the initial offering price of $10.00 per share are losing 70% of their principal investment (before considering lost opportunity cost). Although NorthStar management has been desperately trying to improve its healthcare portfolio performance,  through dispositions and cost management, as well as creating value and positioning themselves for a liquidity event, the share price has languished.  The steady decline in value has resulted in significant shareholder litigation, many alleging the REIT was misrepresented at the time of sale and the risks were not fully disclosed by their financial advisors.

The attorneys at Colling Gilbert Wright have successfully represented dozens of NorthStar Healthcare Income REIT investors in arbitrations against their broker’s employing firms. If you have purchased this alternative investment product (or others) through a FINRA registered broker/firm and have not yet taken action to recover your now realized losses, please contact for a free case evaluation. There is no fee if there is no recovery. Thank you.