NorthStar Income II Originates $21.6 Million Senior Loan

NEW YORK, June 27, 2016 /PRNewswire/ -- NorthStar Real Estate Income II, Inc. (NorthStar Income II) announced today that, through a subsidiary of its operating partnership, it originated a $21.6 million senior loan secured by a retail property located in Colton, California.

Investment highlights include:

• 91% occupied by a diverse array of national and local retailers;
• The borrower, an affiliate of a Los Angeles-based real estate investor, plans to invest an additional $1.96 million (approximately $16.75 per square foot) in capital expenditures, tenant improvements and leasing commissions over the term of the loan; and
• Located in the densely populated Inland Empire metropolitan area in close proximity to primary interstate highways.

As of March 31, 2016, adjusted for acquisitions and commitment to purchase and sell through May 6, 2016 and this $21.6 million senior loan, NorthStar Income II's $1.3 billion portfolio consists of 16 senior mortgage loans, 24 real estate operating portfolios, three subordinate interest investments, one mezzanine loan, two portfolios of real estate private equity funds and six commercial mortgage-backed securities investments.

About NorthStar Real Estate Income II, Inc.
NorthStar Income II is a public, non-traded REIT sponsored by NorthStar Asset Management Group. NorthStar Income II was formed to originate, acquire and asset manage a diversified portfolio of commercial real estate debt, select equity and securities investments.

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "will," "may," "plans," "intends" or other similar words or expressions. These statements are based on NorthStar Income II's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual results to differ materially from those described in the forward looking statements; NorthStar Income II can give no assurance that its expectations will be attained. Forward-looking statements are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying any forward-looking statements will not materialize or will vary significantly from actual results. Variations of assumptions and results may be material. Factors that could cause actual results to differ materially from NorthStar Income II's expectations include, but are not limited to, the ability of the Borrower or its affiliates to effectively manage the Property; the ability of the Borrower to comply with the terms, including financial and other covenants, of the loan agreement; the occupancy of the Property; property level cash flow; whether the Borrower determines to extend the Senior Loan; NorthStar Income II's ability to finance the Senior Loan on a credit facility in the future; changes in market demand and rental rates for retail properties located in Colton, California; the Borrower's ability to complete planned property improvements to the Property and whether such improvements, if completed, will achieve any of the anticipated benefits; future property values; the impact of any losses from NorthStar Income II's investments on cash flow and returns; changes in economic conditions generally and the real estate and debt markets specifically; availability of capital; the ability to achieve targeted returns; changes to generally accepted accounting principles; policies and rules applicable to REITs and the factors specified in in Part I, Item 1A of NorthStar Income II's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, as well as in NorthStar Income II's other filings with the Securities and Exchange Commission. The foregoing list of factors is not exhaustive. All forward-looking statements included in this press release are based upon information available to NorthStar Income II on the date of this press release and NorthStar Income II is under no duty to update any of the forward-looking statements after the date of this press release to conform these statements to actual results.

SOURCE NorthStar Real Estate Income II, Inc.

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