The securities are being offered inside the United States to persons who are both (1) (a) "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended (the Securities Act), or (b) solely with respect to securities issued in definitive form, institutional "accredited investors" as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act, and (2) "qualified purchasers" as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended. The securities are also being offered outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The securities have not been registered under the Securities Act or any state or foreign securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the securities.
As of June 30, 2016, adjusted for acquisitions and commitment to purchase and sell through August 8, 2016, NorthStar Income's $1.8 billion portfolio consists of 14 senior mortgage loans, two mezzanine loans, one subordinate interest, one preferred equity interest, 42 real estate operating properties, four portfolios of real estate private equity funds and 11 commercial mortgage-backed securities investments.
About NorthStar Real Estate Income Trust, Inc.
NorthStar Income is a public, non-traded REIT sponsored by NorthStar Asset Management Group Inc. NorthStar Income 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," "expects" or other similar words or expressions. These statements are based on NorthStar Income'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 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's expectations include, but are not limited to, the transaction not closing on the terms anticipated, or at all, the timing of any such closing, the ability of the underlying borrowers to repay the loans and/or the timing of the underlying loans being repaid; the duration of the transaction; the ability to earn the expected yield on invested equity in the transaction; the increased potential for loss associated with holding junior participations interests in the securitization; whether the net proceeds from the transaction will be used for the intended purposes; the ability to utilize the existing credit facilities to finance new loan originations and enhance the returns of future mortgage loan investments; changes in market demand and rental rates for commercial properties; future property values; the impact of any losses from NorthStar Income'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's Annual Report on Form 10-K for the fiscal year ended December 31, 2015 and in Part II, Item 1A of NorthStar Income's Quarterly Report on Form 10-Q for the quarter ended June 30, 2016, as well as in NorthStar Income'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 on the date of this release and NorthStar Income is under no duty to update any of the forward-looking statements after the date of this release to conform these statements to actual results.
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SOURCE NorthStar Real Estate Income Trust, Inc.