trending Market Intelligence /marketintelligence/en/news-insights/trending/Sg8BcyIrs6w_A5wH-FcoDg2 content esgSubNav
In This List

NorthStar Healthcare amends adviser agreement


S&P Capital IQ Pro | Powering Your Edge


S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights


Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

NorthStar Healthcare amends adviser agreement

NorthStar Healthcare Income Inc. and NorthStar Healthcare Income Operating Partnership LP agreed to amend NorthStar's dividend policy and advisory agreement with Colony NorthStar Inc. and CNI NSHC Advisors LLC as part of their strategy to counter operational and regulatory challenges facing the healthcare industry and NorthStar Healthcare.

Under the amendment, the adviser agreed to forgo the acquisition fee from NorthStar Healthcare's acquisitions of real property or debt investments, as well as adjust its monthly asset management fee, with $2.5 million per quarter of the fee to be paid in shares of NorthStar Healthcare's common stock at a per-share price equal to the most recently published net asset value per share, subject to adjustments.

All shares to be paid as asset management fees will be subordinate in the share repurchase program to shares of NorthStar Healthcare common stock held by third-party stockholders for a period of two years, unless the agreement is earlier terminated, according to a release from Colony NorthStar.

The changes will take effect starting Jan. 1, 2018.