NEW YORK CITY—NorthStar Healthcare Income Inc.,the non-traded REIT sponsored by NorthStarAsset Management Group, has promoted Ronald J. Jeanneaultto president and CEO. He's succeeding JamesFlaherty, formerly chairman and CEO of HCP and now electedvice chairman of the board.

Jeanneault previously served as EVP and head of asset managementof both NorthStar Healthcare and the healthcare investment divisionof NorthStar Realty Finance Corp. since March2012. He has been responsible for the overall management ofNorthStar's healthcare real estate investmentportfolio, which has grown from $559 million in 2012 to more than$6.3 billion today, including assets under contract. A big part ofthat portfolio will come into the NorthStar Healthcare fold whenthis summer's acquisition of Griffin-American Healthcare REIT IIcloses.

Jeanneault, says executive chairman Daniel R.Gilbert, has been “instrumental in the success of thecompany and in executing its business plan. Ron's reputation andbackground in the healthcare industry are best in class and hebrings to this role the experience and discipline that will allowthe Company to continue to thrive under his leadership.” For nearly13 years before joining NorthStar, Jeanneault served in variouspositions with Sunrise Senior Living.