Dallas, Texas 03/05/2014 (FINANCIALSTRENDS) – Northstar Realty Finance Corp.(NYSE:NRF) is the New York based new-age finance company which relies on real estate assets to fund the same. The company essential limits itself to internal real estate managed products. However, it has also been successful in offering value-based services fro commercial real estate securities as well as commercial real estate debt.
Northstar Realty Finance Corp.(NYSE:NRF) core services also include asset management as well as real estate finance. It has worked on its business by looking for funds and capital on a success business model. The company charges a fee for services rendered from some of the real estate trusts which are not listed. The company has also announced that it has acquired a fabricating or ‘manufacturing housing’ sector in five states across the US.
Northstar Realty Finance Corp.(NYSE:NRF) has reported the results for the fourth quarter as well as the full year results for 2013. The company has noted that the full year fund due to operations was a loss of over $0.18 per share, whereas the loss for 2012 was at $1.94. The company’s adjusted funds due to operations, were also reported to be in the region of $0.32 during the fourth quarter, while it was $1.30 for the full year during 2013. The comparison to 2012 was $0.75 and $1.76.
For Northstar Realty Finance Corp.(NYSE:NRF), according to its CEO and Chariman, David Hamaoto, the year carried a transformation value. The chief of the company shared that the $3.6 billion which the company moved into diversified investments cross the 2013 resulted in commercial real estate asset growth. The CEO also emphasized that the results were an indication of the overall strength the company had gained on the overview point as well as the commercial real estate sector as well.
Northstar Realty Finance Corp.(NYSE:NRF) has also completed its asset management spin off- North Star Asset Management Group or NASM.
