NorthStar Real Estate Income II Inc., a publicly registered non-traded real estate investment trust, announced that its investment portfolio has reached more than $1.0 billion in total assets, consisting of 14 commercial real estate debt investments with combined principal commitments of $671.0 million, an industrial portfolio with a total cost of approximately $335.0 million and a portfolio of real estate private equity fund interests with a carrying value of $38.4 million.
“With over $450 million of new investments closed in the second quarter, NorthStar Income II continues to demonstrate our ability to leverage our sponsor’s extensive industry relationships and execute on high quality investments throughout the real estate capital structure,” said Daniel R. Gilbert, chief executive officer and president. “We have gained significant momentum in 2015 as we build our portfolio and remain committed to deploying capital in a disciplined manner consistent with our business plan.” NorthStar Real Estate Income II’s new investments include Emery Bay at Lakepointe in Lewisville, TX; an office building in Lake Success, NY; Hampton Inn & Suites in Gainesville, FL; an office building in San Diego, CA; and a 22-property industrial portfolio in various locations.
NorthStar Income II is a public, non-traded REIT sponsored by NorthStar Asset Management Group Inc. and was formed to originate, acquire and asset manage a diversified portfolio of commercial real estate debt, select equity and securities investments.
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