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BRIEF-Colony Northstar announces creation of Colony Northstar Credit Real Estate
August 28, 2017 / 11:06 AM / 3 months ago

BRIEF-Colony Northstar announces creation of Colony Northstar Credit Real Estate

Aug 28 (Reuters) - Colony Northstar Inc

* Colony Northstar, Northstar Real Estate Income Trust and Northstar Real Estate Income II announce creation of Colony Northstar Credit Real Estate Inc​

* Transaction has been approved by board of directors of Colony Northstar​

* Co, Northstar I stockholders, Northstar II stockholders to each own about 37%, 32%, 31%, respectively, of co on fully diluted basis​

* Combined company will be named “Colony Northstar Credit Real Estate Inc​”

* Combination to create commercial real estate credit REIT with approximately $5.5 billion in assets and $3.4 billion in equity value​

* Expected Kevin Traenkle, Colony Northstar’s executive VP and chief investment officer, will be CEO of new company​ Source text for Eikon: Further company coverage:

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