Press Release August 30, 2017

NorthStar Real Estate Income Trust to Merge with NorthStar Real Estate Income II, Colony NorthStar Subsidiary

Alston & Bird client NorthStar Real Estate Income Trust, Inc. (NorthStar I), has entered into a definitive agreement to combine with NorthStar Real Estate Income II, Inc. (NorthStar II), and a newly formed subsidiary of Colony NorthStar, Inc.

Under the terms of the agreement, NorthStar I and NorthStar II will combine with a select portfolio of Colony NorthStar assets and liabilities in an all-stock combination to form a new company called Colony NorthStar Credit Real Estate, Inc.

The new company will have approximately $5.5 billion in assets and $3.4 billion in equity value.

NorthStar I and NorthStar II are public, non-traded REITs sponsored by Colony NorthStar, a leading global real estate and investment management firm with $56 billion in assets under management and offices in 10 countries.

Advising NorthStar I is an Alston & Bird Real Estate & REITs team led by partner Rosemarie Thurston, assisted by partners David E. Brown, Jim Croker, and Gregg Loubier; counsel Aaron Hendricson; senior associate Matt Berde; associates Ian Jones, Steve Mehr, and Stefanie Kavanagh; and attorney Bert Greenwell.

Media Contact
Alex Wolfe
Communications Director
Phone: 212.210.9442

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