Colony Capital, NorthStar Asset Management Group and NorthStar Realty Finance have Completed the Previously Announced Largest Real Estate Merger of 2016 to Create Colony NorthStar, Inc.

Date(s): 10-Jan-2017 5:13 PM

For a complete listing of our news releases, please click here


A Global, Diversified Real Estate and Investment Management Leader with $58 Billion of Assets Under Management

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Colony NorthStar, Inc. ("Colony NorthStar" or the "Company") (NYSE:CLNS) today announced the completion of the merger of Colony Capital, Inc. ("Colony") (NYSE: CLNY), NorthStar Asset Management Group Inc. ("NSAM") (NYSE: NSAM) and NorthStar Realty Finance Corp. ("NRF") (NYSE: NRF). Colony NorthStar currently has an equity market capitalization of approximately $9 billion and assets under management of $58 billion, managing capital on behalf of its stockholders, institutional and retail investors in private funds and non-traded and traded real estate investment trusts ("REIT") and 1940 Act companies. The transaction was originally announced on June 3, 2016 and approved by all three companies' stockholders at their respective special meetings held on December 20, 2016. Colony NorthStar will benefit from:
1.World-Class Real Estate and Investment Management Platform: Global, diversified equity REIT with $58 billion of assets under management, led by a seasoned management team with access to proprietary deal sourcing and a strong track record as a global investor, operator and investment manager.
2.Larger, More Diversified and Stable Investment Portfolio: Well-diversified portfolio of real estate investments with concentration in healthcare, industrial, hospitality and opportunistic equity and debt.
3.Investment Management Leadership/Wider Access to Capital Sources:Unmatched access and fiduciary commitment to global investors targeting real estate investment through Colony NorthStar's institutional private funds management business, retail capital platforms including non-traded REITs and publicly-traded vehicles such as NorthStar Realty Europe Corp. (NYSE: NRE).
4.Stronger Balance Sheet and Improved Liquidity: Approximately $24 billion balance sheet with significant excess liquidity expected from near-term asset monetizations which can be redeployed into new investments, to repurchase stock and/or to deleverage; targeting total debt-to-capitalization ratio of 50% or less with the goal of upgrading corporate credit profile and lowering overall cost of capital.
5.Increased Scale and Market Exposure: Colony NorthStar will trade on the NYSE under the ticker symbol "CLNS" with an equity market capitalization of approximately $9 billion and will be added to the MSCI U.S. REIT Index (RMZ) on January 12, 2017 where it will be in the top quartile by equity market capitalization.
6.Significant Cost Savings: Identified approximately $115 million in total annual cost synergies, consisting of approximately $80 million of cash savings and approximately $35 million of stock-based compensation savings.
7.Best-in-Class Corporate Governance: The ten-member Board of Directors, eight of whom are independent and all of whom stand for election annually and are elected by majority voting standards, opted out of MUTA and adopted significant additional shareholder-focused governance policies.

Thomas J. Barrack, Jr., Executive Chairman of the Board, commented, "We are delighted to complete the merger of these three great companies leading to increased scale, diversity and value creation opportunities for Colony NorthStar and its stockholders. The closing of this transformative transaction represents a milestone in our collective long-term strategy of building a leading global real estate business focused on a core set of real estate verticals in addition to a top-tier institutional and retail investment management business."

David T. Hamamoto, Executive Vice Chairman of the Board, added, "This partnership benefits Colony NorthStar's combined stockholders with an even stronger value proposition through enhanced relationships, substantial efficiencies and synergies and greater scale in established, durable real estate and investment management businesses with broad-based capital access and investment opportunities."

"We couldn't be more excited about our future prospects as we focus on recognizing the strategic benefits from combining three companies that share a singular long-term vision," said Richard B. Saltzman, Chief Executive Officer. "Our transition planning continues to progress well and we look forward to creating a highly competitive, world-class organization that balances a creative entrepreneurial spirit with institutional best practices and risk management. I thank the leadership teams and employees of all three companies for their past efforts and continuing dedication to this transformative merger while looking forward to the significant opportunities that lie ahead for Colony NorthStar."

Leadership and Organization

Thomas J. Barrack Jr. is Executive Chairman of the Board of Directors, David T. Hamamoto is Executive Vice Chairman and Richard B. Saltzman is Chief Executive Officer.

The Company's Board of Directors consists of ten directors in total, eight of whom are independent directors. In addition to Mr. Barrack and Mr. Hamamoto, the Company's Board of Directors includes Nancy A. Curtin, George G.C. Parker, John A. Somers and John L. Steffens, all former directors of Colony; Justin E. Metz, former director of NSAM; and Charles W. Schoenherr, former director of NRF. Douglas Crocker II and Jon A. Fosheim were also elected to the Company's Board of Directors.

Dividends

In accordance with the agreement and plans of merger among Colony, NRF and NSAM, the following dividends shall be paid as soon as reasonably practicable:

A dividend of $0.04444 per share of Colony common stock shall be paid to former Colony stockholders representing a pro rata dividend for the period from January 1, 2017 through January 10, 2017 of the quarterly dividend rate of $0.40 per Colony share.

A dividend of $0.04444 per share of NRF common stock shall be paid to former NRF stockholders representing a pro rata dividend for the period from January 1, 2017 through January 10, 2017 of the quarterly dividend rate of $0.40 per NRF share.

A one-time special dividend of $1.16 per share of NSAM common stock shall be paid to former NSAM stockholders.

Advisors

Colony was advised by BofA Merrill Lynch and received legal counsel from Willkie Farr & Gallagher LLP and Hogan Lovells LLP. Barclays, Credit Suisse, Deutsche Bank Securities, J.P. Morgan and Morgan Stanley also acted as financial advisors to Colony in connection with the transaction. NSAM was advised by Goldman Sachs and received legal counsel from Sullivan & Cromwell LLP, Goodwin Procter LLP as compensation and benefits counsel and Skadden, Arps, Slate, Meagher & Flom LLP and Hunton & Williams LLP as tax counsel. NSAM's Special Committee was advised by Evercore and received legal counsel from Fried, Frank, Harris, Shriver & Jacobson LLP and Morris, Nichols, Arsht & Tunnell LLP. NRF's Special Committee was advised by UBS Investment Bank and received legal counsel from Venable LLP. NRF received legal and tax counsel from Vinson & Elkins LLP.

About Colony NorthStar, Inc.

Colony NorthStar, Inc. (NYSE:CLNS) is a leading global real estate and investment management firm. The Company resulted from the January 2017 merger between Colony Capital, Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. The Company has significant property holdings in the healthcare, industrial and hospitality sectors, opportunistic equity and debt investments and an embedded institutional and retail investment management business. The Company currently has assets under management in excess of $58 billion and manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and 1940 Act companies. In addition, the Company owns NorthStar Securities, LLC, a captive broker-dealer platform which raises capital in the retail market. The firm maintains principal offices in Los Angeles and New York with more than 500 employees in offices located across 17 cities in ten countries. The Company will elect to be taxed as a REIT for U.S. federal income tax purposes. For additional information regarding the Company and its management and business, please refer to www.clns.com beginning January 11, 2017.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Among others, the following uncertainties and other factors could cause actual results to differ from those set forth in the forward looking statements: operating costs and business disruption may be greater than expected; the ability of Colony NorthStar to retain its senior executives and maintain relationships with business partners following the consummation of the merger; the ability to realize substantial efficiencies and synergies as well as anticipated strategic and financial benefits, such as increased scale, diversity and value creation for Colony NorthStar and its stockholders; whether the merger will broaden Colony NorthStar's access to capital and result in an expansion of its relationships and investment opportunities; and the impact of legislative, regulatory and competitive changes. The foregoing list of factors is not exhaustive. Additional information about these and other factors can be found in Colony NorthStar's and each company's respective reports filed from time to time with the Securities and Exchange Commission.

Colony NorthStar cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. Colony NorthStar is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and Colony NorthStar does not intend to do so.

Contacts

For Colony NorthStar, Inc.:
Sard Verbinnen & Co.
Megan Gavigan / Emily Deissler / Hayley Cook
(212) 687-8080
or
Owen Blicksilver PR, Inc.
Owen Blicksilver
(516) 742-5950
or
Addo Communications, Inc.
Lasse Glassen
(310) 829-5400
lasseg@addocommunications.com
or
Joe Calabrese
Investor Relations
212) 827-3772

Thank you.

The $1.16 will be paid on the NSAM shares only..

I have 4000 shares of nsam, 2000 nsf, and 1000 nse. Will my special dividend be paid on all?

Nice..


NorthStar Asset Management declares $1.16 dividend

Dec. 22, 2016 4:27 PM ET|About: NorthStar Asset Management Group, Inc. (NSAM)



•NorthStar Asset Management (NYSE:NSAM) declares $1.16/share special dividend.

•The Special Dividend is being made in connection with the previously announced combination of NSAM, Colony Capital and NorthStar Realty Finance Corp.and is contingent on the closing of the Merger, which is expected to be on Jan. 10, 2017, subject to customary closing conditions.

•The Special Dividend is expected to be paid following the closing of the Merger and will be determined based on a record date of Jan. 3, 2017.

NorthStar Asset Management declares $0.10 dividend

Nov 3 2015, 17:06 ET | About: NorthStar Asset Manage... (NSAM)

NorthStar Asset Management (NYSE:NSAM) declares $0.10/share quarterly dividend, in line with previous.

Forward yield 2.71%

Payable Nov. 20; for shareholders of record Nov. 16; ex-div Nov. 12.

http://seekingalpha.com/news/2890306-northstar-asset-management-declares-0_10-dividend?uprof=45#email_link

NorthStar Asset Management buys majority stake The Townsend Group

Oct 15 2015, 07:53 ET | About: NorthStar Asset Manageme... (NSAM) | By: Stephen Alpher, SA News Editor

The deal for $380M will give NSAM an 85% piece of Townsend, a global provider of investment management and advisory services focused on real assets. Townsend is the manager or advisor to about $180B of assets.

NSAM has obtained a $500M financing commitment for the purchase. What's left over will be used for - among other things - stock buybacks. The deal should close early next year.

NSAM expects $0.07 of annualized CAD accretion next year, with meaningful opportunity for more increases.

Source: Press Release

http://seekingalpha.com/news/2831226-northstar-asset-management-buys-majority-stake-the-townsend-group?uprof=45#email_link


NorthStar Asset Management Group to Acquire Majority Ownership Stake in The Townsend Group
1 comment | Thu October 15, 2015 7:00 AM|PR Newswire | About: NSAM

NEW YORK, Oct. 15, 2015 /PRNewswire/ -- NorthStar Asset Management Group Inc. (NYSE: NSAM) today announced it has entered into a definitive agreement to acquire an approximately 85% interest in The Townsend Group ("Townsend"), a leading global provider of investment management and advisory services focused on real assets. Founded in 1983, Townsend is the manager or advisor to approximately $180 billion of assets, designing customized strategies and building distinctive portfolios for its world-class institutional investor base.

Following the closing of the transaction, Townsend's management team will own the remainder of the business and will continue to direct day-to-day operations. Subject to the terms and conditions of the purchase and sale agreement, NSAM will acquire the interest in Townsend for approximately $380 million, predominately from funds affiliated with private equity firm GTCR LLC. NSAM has obtained a commitment for $500 million of financing which will be used to fund the transaction and for general corporate purposes, including repurchases of its common stock. The transaction is expected to close in early 2016.

David Hamamoto, Executive Chairman of NSAM, commented, "We are extremely pleased with this strategic opportunity to expand and accelerate our asset management capabilities, both in the United States and internationally, with the acquisition of one of the world's premier institutional real estate asset management platforms. Townsend, which sits at the epicenter of the global real estate market, having significant influence over $170 billion of real estate, has a brand and franchise that is second to none."

Al Tylis, Chief Executive Officer of NSAM, commented, "Townsend has a culture based upon service and success, resulting in deep relationships with a client roster that includes many of the world's leading institutional investors, which will continue to benefit from Townsend's scale, scope and information advantages. Townsend's business model will be highly complementary to NSAM and, beyond the immediate expected CAD accretion to NSAM, we look forward to strong growth from this partnership and will seek to leverage each other's platforms to further create substantial value for NSAM shareholders and Townsend clients."

Terry Ahern, Co-Founder and Chief Executive Officer of Townsend, commented, "NSAM's long-term commitment in our firm enables us to continue to thoughtfully and responsibly develop our investment team and global platform. We are excited to partner with a team of investment professionals recognized for their culture of creativity and thought-leadership."

Key Expected Strategic Benefits
•Revenue Growth •Strong revenue growth and proven track record, including 19% total revenue CAGR since 2000
•Opportunity to leverage respective platforms to drive future growth

•Durable and Recurring Management Fee Concentrated Business Model •Provides durable and recurring base management fees generated from managing and advising institutional capital in addition to the public company and retail capital currently managed by NSAM
•Stability through various cycles without a single decline in year-over-year annual revenues

•CAD Accretion •$0.07 per share of annualized CAD accretion in 2016, based on expected in-place earnings at closing and expected cost of committed debt financing for the transaction, excluding any cost or revenue synergies
•Meaningful opportunities to increase CAD accretion in the future

•Significant Investor and Client Base of Leading Global Institutional Investors •Currently manages approximately $13 billion of assets (approximately 80% of revenue) and advises on approximately $170 billion of assets (approximately 20% of revenue)
•Increases pro-forma NSAM assets under management to approximately $38 billion

•International Expansion and Diversification •Committed/Directed $43 billion of global real estate in the last five years, including 40% internationally

• Intellectual Capital and Information Advantages •Investment or oversight of approximately $180 billion in assets creates information, sourcing and execution advantages, as well as other intangible benefits

•Deep and Experienced Investment Team •Integrated platform with comprehensive real estate coverage and global footprint of investment skills

•Alignment of Incentives for Key Management •Townsend management team will own 100% of the equity in the business not owned by NSAM and will continue to direct day-to-day operations
•Invested in the successful long-term prospects of the business and NSAM


Morgan Stanley & Co. LLC has acted as sole financial advisor to NSAM on this transaction and Morgan Stanley Senior Funding, Inc. is the lead provider of the $500 million debt financing commitment to NSAM.

About NorthStar Asset Management Group (NSAM)

NorthStar Asset Management Group Inc. (NYSE: NSAM) is a global asset management firm focused on strategically managing real estate and other investment platforms in the United States and internationally. For more information about NorthStar Asset Management Group Inc., please visit www.nsamgroup.com.

About The Townsend Group

The Townsend Group is the leading global provider of investment advisory and investment solutions for real estate, infrastructure, timber and agriculture. With a culture based upon service and success measured by investment performance, Townsend's clients include many of the world's leading institutional investors. As of December 31, 2014, Townsend's advised assets were approximately $170 billion; as of June 30, 2015, Townsend's assets under management were approximately $12.8 billion. For more information about The Townsend Group, please visit townsendgroup.com.

Safe Harbor Statement

This press release contains certain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, or Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or Exchange Act. Forward looking statements are generally identifiable by use of forward looking terminology such as "may," "will," "should," "potential," "intend," "expect," "seek," "anticipate," "estimate," "believe," "could," "project," "predict," "hypothetical," "continue," "future" or other similar words or expressions. Forward looking statements are not guarantees of performance and are based on certain assumptions, discuss future expectations, describe plans and strategies, contain projections of results of operations or of financial condition or state other forward looking information. Such statements include, but are not limited to, whether the transaction will be completed on the terms contemplated or at all; whether NSAM will obtain financing for the transaction on the terms contemplated in the commitment or at all; NSAM's ability to use any financing obtained for the contemplated uses, including stock repurchases, as well as NSAM's ability to comply with any limitations, restrictions or covenants in such agreements; Townsend's ability to exert significant influence over the assets for which it provides management or advice; whether Townsend's clients will continue to benefit from its scale, scope and information advantages, or at all; Townsend's ability to design customized strategies and build distinctive portfolios; whether Townsend's business model will be highly complementary to NSAM; the strength and value of Townsend's brand and franchise; Townsend's ability to maintain or grow its client base of institutional investors, both domestically and globally; NSAM's ability to grow, expand and accelerate its asset management capabilities as a result of the transaction, Townsend's growth or otherwise; the ability of NSAM and Townsend to leverage each other's platforms to further create substantial value for NSAM shareholders and Townsend clients, or at all; NSAM's ability to achieve immediate CAD accretion in the amount contemplated or at all; whether NSAM will have the ability to increase CAD accretion in the future; Townsend's ability to continue to thoughtfully and responsibly develop its investment team and global platform; NSAM's ability to achieve strategic benefits from the transaction, including, but not limited to, Townsend's ability to continue its proven track record, its revenue growth, including the stability of such revenues, ability to leverage platforms, Townsend's ability to generate durable and recurring base management fees, and information, sourcing and execution advantages; whether the equity ownership of Townsend management team will be completed on the contemplated terms and whether such ownership will successfully align incentives for management; the impact of Townsend management's equity ownership on the long-term prospects of the business and NSAM; and the factors described in Item 1A. of our Annual Report on Form 10-K for the fiscal year ended December 31, 2014, under the heading "Risk Factors."

The foregoing list of factors is not exhaustive. All forward looking statements included in this press release are based upon information available to us on the date hereof and we are under no duty to update any of the forward looking statements after the date of this report to conform these statements to actual results.

Factors that could have a material adverse effect on our operations and future prospects are set forth in "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The factors set forth in the Risk Factors section and otherwise described in our filings with United States Securities and Exchange Commission could cause our actual results to differ significantly from those contained in any forward looking statement contained in this press release.

To view the original version on PR Newswire, visit:www.prnewswire.com/news-releases/northstar-asset-management-group-to-acquire-majority-ownership-stake-in-the-townsend-group-300160310.html

SOURCE NorthStar Asset Management Group Inc.

http://seekingalpha.com/pr/14993876-northstar-asset-management-group-to-acquire-majority-ownership-stake-in-the-townsend-group

NorthStar Asset Management declares $0.10 dividend

Aug 4 2015, 16:56 ET | About: NorthStar Asset Manage... (NSAM)

NorthStar Asset Management (NYSE:NSAM) declares $0.10/share quarterly dividend, in line with previous.
Forward yield 2.14%
Payable Aug. 21; for shareholders of record Aug. 17; ex-div Aug. 13.

http://seekingalpha.com/news/2691195-northstar-asset-management-declares-0_10-dividend?uprof=45#email_link

NorthStar Asset Management declares $0.10 dividend

May 5 2015, 17:32 ET | About: NorthStar Asset Manage... (NSAM)

NorthStar Asset Management (NYSE:NSAM) declares $0.10/share quarterly dividend, in line with previous.
Forward yield 1.9%
Payable May 22; for shareholders of record May 18; ex-div May 14.

http://seekingalpha.com/news/2488726-northstar-asset-management-declares-0_10-dividend?auth_param=ano5b:1akie23:a3d5ecbc3583e7cac8074ce87012e314&uprof=45#email_link

NorthStar Asset Management misses by $0.14, misses on revenue

May 8 2015, 08:15 ET | About: NorthStar Asset Managem... (NSAM) | By: Mohit Manghnani, SA News Editor

NorthStar Asset Management (NYSE:NSAM): Q1 EPS of $0.11 misses by $0.14.
Revenue of $91.7M (+293.1% Y/Y) misses by $11.21M.
Press Release

seekingalpha.com/news/2506936-northstar-asset-management-misses-by-0_14-misses-on-revenue?auth_param=ano5b:1akpa7v:e87ae0e3294643c0718bcc51da791421&uprof=45#email_link


NorthStar Asset Management Group Announces First Quarter 2015 Results
Fri May 8, 2015 8:00 AM|PR Newswire | About: NSAM

NEW YORK, May 8, 2015 /PRNewswire/ --

First Quarter 2015 Highlights
•Cash available for distribution ("CAD") of $0.20 per share.
•First quarter 2015 cash dividend of $0.10 per common share.
•Raised $1.3 billion of equity for NorthStar Realty (NRF).
•Raised $456 million of capital in the non-traded REITs year-to-date 2015, including $329 million in the first quarter.
•Announced Board of Directors has authorized the repurchase of up to $400 million shares of common stock.
•Total assets of managed companies as of March 31, 2015 of approximately $23.8 billion, including investments under contract or acquired subsequent to the first quarter 2015.

NorthStar Asset Management Group Inc. (NYSE: NSAM) today announced its results for the first quarter ended March 31, 2015.

First Quarter 2015 Results

NSAM reported CAD for the first quarter 2015 of $38.8 million, or $0.20 per share. Net income to common stockholders for the first quarter 2015 was $21.8 million, or $0.11 per diluted share.

For more information and a reconciliation of CAD to net income (loss) to common stockholders, please refer to the tables on the following pages.

David T. Hamamoto, Chairman and Chief Executive Officer, commented, "NSAM began 2015 with continued substantial growth in our fee earning asset base with $1.3 billion of common equity raised at NorthStar Realty and over $450 million of capital raised in our non-traded REITs, bringing total equity raised to $4.4 billion in just ten months since our listing. While we are pleased with our capital raising and with our pipeline of external growth initiatives, NSAM's first quarter CAD does not reflect the full earnings power of our business. Based only on capital raised to date and investments of managed companies already closed or in execution, we expect second quarter fees from our managed companies to be approximately $30 million higher than in the first quarter. Furthermore, Griffin-American Healthcare REIT III, Inc. had un-invested cash of over $1 billion at the end of the first quarter, and NSAM will receive its proportionate share of all fees generated through its 45% ownership interest in its co-sponsor, American Healthcare Investors, LLC."

Mr. Hamamoto continued, "I am also pleased to announce that we anticipate filing in the next few months a registration statement for a new $3.0 billion closed-end credit fund co-sponsored with Och-Ziff Capital Management Group, LLC. We believe that our product offerings and managed vehicles are in their infancy and look forward to substantial growth in the months and years ahead."

NSAM Managed Companies Results

NorthStar Realty
•Base asset management fee of $45.3 million earned during the first quarter 2015.
•Incentive fee of $2.9 million earned during the first quarter 2015.
•$1.3 billion of NorthStar Realty common equity issued related to the forward sale agreement NorthStar Realty entered into with Deutsche Bank Securities Inc. in March 2015.

More...

http://seekingalpha.com/pr/13444386-northstar-asset-management-group-announces-first-quarter-2015-results

NorthStar Asset Management declares $0.10 dividend

Feb 25 2015, 17:06 ET | About: NorthStar Asset Manage... (NSAM)

NorthStar Asset Management (NYSE:NSAM) declares $0.10/share quarterly dividend, in line with previous.
Forward yield 1.71%
Payable March 13; for shareholders of record March 9; ex-div March 5.

http://seekingalpha.com/news/2326656-northstar-asset-management-declares-0_10-dividend?auth_param=ano5b:1aeshr8:ef71b75269263da56a06b8b8a925ba6c&uprof=45#email_link

NorthStar Asset Management misses by $0.02, beats on revenue

Feb 27 2015, 08:11 ET | About: NorthStar Asset Managem... (NSAM) | By: Mohit Manghnani, SA News Editor

NorthStar Asset Management (NYSE:NSAM): Q4 EPS of $0.18 misses by $0.02.
Revenue of $119.1M (+469.9% Y/Y) beats by $26.9M.
Press Release

http://seekingalpha.com/news/2333786-northstar-asset-management-misses-by-0_02-beats-on-revenue?auth_param=ano5b:1af0rb8:437fea2a496fb9e92298a2107c882a4b&uprof=45#email_link


NorthStar Asset Management Group Announces Fourth Quarter 2014 Results
Fri February 27, 2015 8:00 AM|PR Newswire | About: NSAM

NEW YORK, Feb. 27, 2015 /PRNewswire/ --

Fourth Quarter 2014 Highlights
•Cash available for distribution ("CAD") of $0.27 per share.
•Fourth quarter 2014 cash dividend of $0.10 per common share.
•$1.1 billion of NorthStar Realty (NRF) common equity issued for the acquisition of Griffin-American Healthcare REIT II, Inc.
•Raised $1.2 billion of capital in the non-traded REIT business during 2014, including $531 million in the fourth quarter. Raised $210 million of capital year-to-date 2015.
•Completed acquisition of a 44% interest in American Healthcare Investors, LLC ("AHI"); Griffin-American Healthcare REIT III, Inc., which is co-sponsored by AHI, raised over $1.8 billion of capital since inception with approximately $913 million of capital during 2014, including $703 million in the fourth quarter and approximately $900 million year-to-date 2015.
•Total assets of managed companies as of December 31, 2014 of approximately $21.7 billion, including investments that NorthStar Realty acquired or committed to acquire subsequent to the fourth quarter 2014.

NorthStar Asset Management Group Inc. (NYSE: NSAM) today announced its results for the fourth quarter ended December 31, 2014.

More...

http://seekingalpha.com/pr/12664816-northstar-asset-management-group-announces-fourth-quarter-2014-results

NorthStar Asset Management misses by $0.03, beats on revenue

Nov 6 2014, 09:03 ET | About: NorthStar Asset Managem... (NSAM) | By: Mohit Manghnani, SA News Editor

NorthStar Asset Management (NYSE:NSAM): Q3 EPS of $0.10 misses by $0.03.
Revenue of $83.99M (+849.0% Y/Y) beats by $8.1M.
Press Release

http://seekingalpha.com/news/2102485-northstar-asset-management-misses-by-0_03-beats-on-revenue?uprof=45#email_link


NorthStar Asset Management Group Announces Third Quarter 2014 Results
Thu November 6, 2014 8:00 AM|PR Newswire | About: NSAM

NEW YORK, Nov. 6, 2014 /PRNewswire/ --

Third Quarter 2014 Highlights
•Cash available for distribution ("CAD") of $0.19 per share.
•Third quarter 2014 cash dividend of $0.10 per common share.
•$1.9 billion of NorthStar Realty (NRF) equity committed to be issued.
•Raised $771 million of capital in the non-traded REIT business year-to-date, including $291 million in the third quarter and $112 million in October 2014.
•Subsequent to the third quarter 2014, $95.5 million of NSAM investments including: •Agreement to acquire a 47% interest in American Healthcare Investors, LLC, which co-sponsored Griffin-American Healthcare REIT II, Inc. for $57.5 million; and
•Term sheet to acquire a 45% interest in Island Hospitality Management for $38 million.

•Total assets of managed companies as of September 30, 2014 were approximately $19.4 billion, including investments that NorthStar Realty acquired or entered into an agreement to acquire subsequent to the third quarter 2014.

More...

http://seekingalpha.com/pr/11594445-northstar-asset-management-group-announces-third-quarter-2014-results

Well.. looks like a nice day 1 after the spin-off

NSAM