NorthStar Realty Finance Corp. announced that it has entered into a long-term partnership with Jay Flaherty to build a preeminent healthcare real estate business.  As part of the Partnership, Mr. Flaherty will (i) oversee and seek to substantially grow NorthStar's on-balance sheet healthcare real estate portfolio, (ii) focus on raising institutional capital for funds to be managed by NorthStar Asset Management Group Inc. and (iii) become CEO of NorthStar's healthcare real estate non-traded REIT, NorthStar Healthcare Income, Inc.