NEW YORK CITY—NorthStar Healthcare Income Inc., the non-traded REIT sponsored by NorthStar Asset Management Group, has promoted Ronald J. Jeanneault to president and CEO. He’s succeeding James Flaherty, formerly chairman and CEO of HCP and now elected vice chairman of the board.

Jeanneault previously served as EVP and head of asset management of both NorthStar Healthcare and the healthcare investment division of NorthStar Realty Finance Corp. since March 2012. He has been responsible for the overall management of NorthStar’s healthcare real estate investment portfolio, which has grown from $559 million in 2012 to more than $6.3 billion today, including assets under contract. A big part of that portfolio will come into the NorthStar Healthcare fold when this summer’s acquisition of Griffin-American Healthcare REIT II closes.

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