James Flaherty Resigns from NorthStar Board

by Jeff Shaw

GREENWOOD VILLAGE, Colo. — James Flaherty III has resigned as vice chairman of the board of directors of NorthStar Healthcare Income, a public, non-traded healthcare REIT based in the Denver suburb of Greenwood Village.

The move was announced through an SEC filing Friday. The filing said the resignation was a “personal decision” unrelated to “any disagreement with NorthStar Healthcare on any matters relating to NorthStar Healthcare’s operations, policies or practices.”

No replacement has been named publicly. Flaherty will continue to serve no the company’s investment committee, according to the filing.

Flaherty joined NorthStar in January 2014 as CEO and president, but passed those titles to Ronald Jeanneault the following November to become vice president of the board. He previously spent 10 years as the chairman and CEO of HCP Inc., another healthcare REIT.

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