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Operating Real Estate (Tables)
6 Months Ended
Jun. 30, 2016
Real Estate [Abstract]  
Schedule of Operating Real Estate
The following table presents operating real estate, net as of June 30, 2016 and December 31, 2015 (dollars in thousands):
 
 
June 30, 2016 (Unaudited)
 
December 31, 2015
Land
 
$
318,901

 
$
140,734

Land improvements
 
8,425

 
8,384

Buildings and improvements
 
1,378,113

 
664,555

Tenant improvements
 
3,214

 
1,522

Construction in progress
 
18,319

 
9,119

Furniture and fixtures
 
29,997

 
27,325

Subtotal
 
1,756,969

 
851,639

Less: Accumulated depreciation
 
(36,036
)
 
(19,386
)
Operating real estate, net
 
$
1,720,933

 
$
832,253

Schedule of Operating Real Estate Acquisitions
The following table summarizes operating real estate acquisitions for the six months ended June 30, 2016 (dollars in thousands):
Acquisition Date
 
Type
 
Portfolio
 
Amount(1)
 
Properties
 
Units
 
Location
 
Financing
 
Companys Equity
 
Ownership Interest
 
Transaction Costs
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
March 2016
 
Operating Facilities
 
Winterfell
 
$
904,985

 
32
 
3,985
 
Various
 
$
648,211

 
$
261,484

 
100.0%
 
$
1,347

_________________________________________________
(1)
Represents the purchase price for 100% of the Winterfell JV equity interests, including deferred costs and other assets, and may be adjusted upon completion of the final purchase price allocation.
Schedule of Step Acquisition Remeasurement Gain (Loss)
The acquisition-date fair value of the equity interest in the Winterfell portfolio immediately before the acquisition date, as well as the gain on consolidation of unconsolidated venture, are as follows (dollars in thousands):
 
 
 
 
 
Winterfell Portfolio
Contract purchase price
 
$
890,834

Net consideration funded at closing, excluding consideration financed by debt
 
(139,618
)
Debt assumed
 
(648,211
)
Fair value of retained equity interest
 
103,005

Investment in unconsolidated venture(1)
 
(96,597
)
Gain on consolidation of unconsolidated venture
 
$
6,408

_________________________________________________
(1)
Represents carrying value of investment in unconsolidated venture at March 1, 2016.
Summary of Pro Forma Amounts
The unaudited pro forma amounts were prepared for comparable purposes only and are not indicative of what actual consolidated results of operations of the Company would have been, nor are they indicative of the consolidated results of operations in the future and exclude transaction costs (dollars in thousands, except per share data):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Pro forma total revenues
 
$
68,301

 
$
50,228

 
$
136,030

 
$
90,257

Pro forma net income (loss) attributable to NorthStar Healthcare Income, Inc. common stockholders
 
(27,558
)
 
(21,927
)
 
(68,985
)
 
(47,968
)
Pro forma net income (loss) per share of common stock, basic/diluted
 
$
(0.15
)
 
$
(0.18
)
 
$
(0.38
)
 
$
(0.42
)