NorthStar Income II Announces Initial Investment

NEW YORK, Sept. 23, 2013 /PRNewswire/ -- NorthStar Real Estate Income II, Inc. (NorthStar Income II) announced today that it made its initial investment by purchasing a $2.0 million pari passu participation interest in a $25.5 million senior loan from an affiliate of NorthStar Realty Finance Corp. (NYSE: NRF), its sponsor.  The loan is secured by a 264-unit, class-A multifamily property located in Savannah, Georgia. NorthStar Income II purchased the participation at the sponsors cost with proceeds from its continuous initial public offering, which recently satisfied the minimum offering amount through an investment from its sponsor. 

About NorthStar Real Estate Income II, Inc. (NorthStar Income II)
NorthStar Income II is a public, non-traded real estate investment trust (REIT) sponsored by NorthStar Realty Finance Corp. (NYSE: NRF).  The company was formed to originate, acquire and asset manage a diversified portfolio of commercial real estate debt, securities and select equity investments.  

SOURCE NorthStar Real Estate Income II, Inc.

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