NorthStar Announces New Name for Its Broker-Dealer

NorthStar Asset Management Group (NSAM) has announced a new name for its broker-dealer and wholesale distributor of alternative investment programs. The revised name reflects an expanded product lineup beyond real estate focused investment offerings.

NorthStar Securities, LLC, formerly known as NorthStar Realty Securities, LLC, intends to distribute multiple investment programs including a non-traded business development company (BDC), a closed-end credit fund, and non-traded real estate investment trusts (REITs).

In late 2014, NSAM, the sponsor of investment programs distributed by NorthStar Securities, submitted its initial registration statement for a $1.0 billion public, non-traded business development company NorthStar Corporate Income BDC that is co-sponsored with Och-Ziff Capital Management.

Additionally, with its first quarter earnings release, NSAM disclosed that it intends to file a registration statement for a $3 billion closed-end credit fund that will be sub-advised by Och Ziff Capital as well.

“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,” said David T. Hamamoto, Chairman and Chief Executive Officer in an earlier statement.

Currently, NSAM has three active offerings available; NorthStar Real Estate Income II, NorthStar Healthcare Income, and NorthStar/RXR New York Metro Income.

Coinciding with the broker-dealer’s name change, the company launched a new website with enhanced features. The site, www.northstarsecurities.com, offers access to offerings, management bios, a wholesaler map and contact information, an education center, and news section, among other features.

For more NorthStar related news, visit their Directory Listing here.