Dallas, Texas 09/17/2013 (Financialstrend) – Northstar Realty Finance Corp. (NYSE:NRF) is an internally managed diversified commercial Real Estate finance and asset management company. The management team of the company with its extensive experience and an established reputation is working to achieve company’s business objective which is, to make real estate-related investments in order to produce eye-catching risk-adjusted returns, achieve sound cash flows for distribution to their shareholders and build long-term franchise value. The company’s primary focuses is on business activities including origination, acquisition and managing portfolio of commercial real estate debt, securities and net lease properties. In addition, the company is also involved in asset management and other activities related to these assets.
The company today announced that it will be making a presentation at the JMP Financial Services and Real Estate Conference which is going to be held on Tuesday, October 1, 2013 at 9:30 am ET and the place of the presentation will be at The St. Regis New York. The presentation will be conducted by Al Tylis, who is the President, and Debra Hess, who is the Chief Financial Officer of the company.
Earlier, in the middle of the last month, the company announced about its initial project in the form of Northstar Real Estate Income Trust (REIT). This venture was priced at US $531.5 million. Actually this amount is an alternate to Commercial Mortgage Backed Securities (CMBS) business at an average floating rate of +2.68%. As per rules of the real estate industry, this is equivalent to high level of flexibility, in terms of acquiring real estate loans in the market which enabled an additional loan of US $103.3 million from the market.
Further, the company also announced it will execute this within a period of coming six months. However, the company is aiming to pay back its stockholders through credit underwriting and capital market expertise.