Northstar Finance Corp (NRF)

[MCArmel1]

NorthStar Realty spinning off European real estate business

Feb 26 2015, 07:51 ET | About: NorthStar Asset Manageme... (NSAM) | By: Stephen Alpher, SA News Editor

NorthStar Realty Europe is expected to be listed on the NYSE and is evaluating a dual-listing in Europe. The new REIT will be managed by NorthStar Asset Management (NYSE:NSAM), with the management agreement being substantially consistent with the one currently existing.
NorthStar Realty (NYSE:NRF) currently owns or has under contract about $2B of European commercial real estate properties (excluding healthcare assets) which will be contributed to NorthStar Europe.
The spin is expected to be completed in H2.

http://seekingalpha.com/news/2328546-northstar-realty-spinning-off-european-real-estate-business?auth_param=ano5b:1aeu5pk:53b006821fab62f7f66de3429e54973c&uprof=45#email_link