NorthStar Aims To Raise $200M With IPO

Law360, New York (December 8, 2009, 2:38 PM EST) -- NorthStar Healthcare Investors Inc., the senior assisted living unit of NorthStar Realty Finance Corp., has revealed that it hopes to raise $200 million in an initial public offering of its common stock.

Details of the proposed offering, announced Monday in a filing with the U.S. Securities and Exchange Commission, remained under wraps. But the New York-based company said it would funnel its share of the net proceeds into Wakefield Capital LLC, its operating partner.

Wakefield, which works to expand NorthStar Realty's existing senior housing business, will...
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