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NorthStar Captures Market Share, Raises $1 Billion YTD

NorthStar Asset Management Group (NSAM), which is a global asset management firm focused on real estate, announced today that the non-traded REITs it sponsors have had a successful 2014, raising $1 billion of capital for the year.

David T. Hamamoto, chairman and CEO, commented, “We are extremely pleased with the strong performance in capital raising for our sponsored, non-traded REIT platform. We have created an institutional quality alternative in the non-traded REIT space, which has translated into rapidly increasing market share growth from lower quality sponsors, and we are looking forward to capitalizing on our strong momentum in 2015 as we increase our product offerings.”

The non-traded REITs’ year-to-date inflows represents a 49% increase over the previous year. Total capital raised by the company’s non-traded REIT business since inception is $2.3 billion.

The three public, non-traded REITs NSAM manages are NorthStar Real Estate Income Trust, Inc., NorthStar Real Estate Income II, Inc., and NorthStar Healthcare Income, Inc.

NorthStar Real Estate Income Trust completed its IPO in July 2013 after raising $1.1 billion. NorthStar Real Estate Income II is targeting a maximum offering of $1.65 billion and NorthStar Healthcare Income seeks to raise a maximum offering of $1.1 billion.