Articles Tagged with Northstar Real Estate Income II

Northstar Real Estate The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the Northstar Real Estate Income II real estate investment trust (REIT).

According to the company’s website, NorthStar Real Estate is a “public, non-traded real estate investment trust (REIT) that originates, invests in and manages a diversified portfolio of commercial real estate debt, commercial real estate securities and select equity investments.” A press release published on November 9, 2016 announced that NorthStar Real Estate Income II “priced a $284.2 million non-recourse, match-term, non-mark-to-market financing transaction in the form of a commercial mortgage-backed securitization (CMBS), NorthStar 2016-1, at a weighted average cost of funds of LIBOR + 2.07% and an advance rate of 68% ($193 million of investment grade bonds issued and sold).”

The transaction was “collateralized by a pool of 10 commercial real estate mortgage loans, all but one of which was directly originated by NorthStar Income II and three senior participations originated by NorthStar Real Estate.” NorthStar Income II contributed about $254.7 million of collateral; NorthStar Income contributed another $29.5 million of collateral in the transaction, which closed on November 9.