Oct
11
NorthStar Completes $370M in Portfolio Transactions
ByThe deals involved 39 industrial real estate assets and 41 institutional-quality, private equity funds.
Norwalk, Conn., data center—NorthStar Income II originated a $41 million senior loan for the property in 2014
New York—NorthStar Real Estate Income II Inc. has invested $370 million in two significant portfolio transactions—a portfolio of 39 industrial real estate properties and a portfolio of 41 institutional-quality private equity real estate funds.
“These two investments have tremendous diversification with exposure to 39 industrial net leased properties in one case and 41 institutional quality private equity real estate funds in the other, which have varied exposure by asset type and geographic location,” Daniel Gilbert, NorthStar Income II president & CEO, said in a prepared release. “These are both institutional quality investments with strong cash flow that we believe will be accretive to our historical dividend and provide value growth.”…
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