In connection with the Internalization, on October 21, 2022, NorthStar Healthcare Income, Inc., NHI OP and the Advisor entered into a Transition Services Agreement (the “TSA”) to facilitate an orderly transition of the Company's management of its operations, Ann B. Harrington provided notice of resignation as Interim Chief Executive Officer, effective immediately upon on the Internalization. Ms. Harrington will continue to be employed by an affiliate of the Advisor and are resigning as a result of the termination of the Advisory Agreement, and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Effective upon the Internalization, the Board appointed Kendall K. Young as the Company's Chief Executive Officer to fill an existing vacancy.

Mr. Young, age 61, previously served as Executive Vice President and Head of Senior Housing for Healthpeak Properties from 2010 through 2019, where he was responsible for the senior housing platform. Prior to that role, Mr. Young was the Global Head of Asset Management for real estate at Strategic Value Partners from 2007 to 2010, a Managing Director and Global Head of Asset Management in Merrill Lynch's Global Principal Investing business from 2005 to 2007 and a Managing Director with GE Capital Real Estate from 1992 to 2005. Mr. Young holds a Bachelor of Arts degree in Business Administration from the University of Southern California and a Masters of Business Administration from the University of California Irvine.