Cni Nshc Advisors, LLC

CNI NSHC Advisors, LLC, established in 2014 as NSAM J-NSHC Ltd., is a Delaware-based investment advisor primarily advising NorthStar Healthcare Income, Inc. The firm is wholly owned by NRF Holdco, LLC, with principal owners HCI CW P Capital LLC and Aurora Vitality LLC. As of December 31, 2021, the firm managed approximately $1.4 billion in client assets on a discretionary basis. The Company, a REIT, focuses on healthcare real estate investments, including senior housing facilities, skilled nursing facilities, and medical office buildings. The firm charges a monthly asset management fee of 1.5% of the Company's net asset value, paid in cash and shares. Incentive fees are based on net cash flows, subject to a hurdle rate. The firm may engage in cross trades and principal transactions, subject to client consent. The firm's investment strategy includes direct investments, unconsolidated investments, debt and securities investments, and leverage strategies. Risks include COVID-19 impact, concentration in healthcare properties, and illiquid investments. The firm has a Code of Ethics, addressing personal trading and conflicts of interest, and a proxy voting policy. The firm may engage placement agents and compensates solicitors for client referrals. Clients receive audited financial statements annually and may grant the firm discretionary investment authority. The firm seeks to vote proxies in clients' best interests and has policies to address conflicts of interest.