NorthStar Income II Invests $370 Million in Two Transactions
Oct 10 2016 | By DI Wire
NorthStar Real Estate Income II Inc., a publicly registered non-traded REIT, recently closed on two portfolio transactions in which it committed approximately $370 million, substantially all of the company’s current investible capital.
In the first transaction, NorthStar Income II originated an approximately $98 million subordinate interest investment in a portfolio of 39 industrial real estate properties located in 17 states. The 6 million-square-foot portfolio is currently 100 percent leased with an average remaining lease term of approximately 11 years.
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