Last €10.75 EUR
Change Today -0.007 / -0.07%
Volume 0.0
As of 1:50 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

399 Park Avenue

18th Floor

New York, NY 10022

United States

Phone: 212-547-2600

Fax: 212-547-2700

NorthStar Realty Finance Corp. operates as a diversified commercial real estate (CRE) investment and asset management company. The company invests in commercial real estate assets. Commercial Real Estate Debt As part of its CRE debt business, the company is focused on originating, structuring, acquiring, and managing senior and subordinate debt investments secured primarily by commercial, multifamily and healthcare properties, including first mortgage loans, subordinate mortgage interests, mezzanine loans, credit tenant loans and other loans, including preferred equity interests in borrowers who own such properties. The collateral underlying its CRE debt investments consists primarily of income-producing real estate assets, properties that require some capital investment to increase cash flows or assets undergoing repositionings or conversions. Real Estate As part of its real estate strategy, the company explores various investments that include net lease properties, healthcare properties and other real estate investments, such as the acquisition of manufactured housing communities and its commitment to invest in a joint venture owning indirect interests in real estate through private equity real estate funds, or PE Fund JV. The company’s real estate that is net leased to corporate tenants primarily include office, industrial and retail properties. The company’s healthcare properties are net leased to healthcare operators, with a focus on the senior housing sector which includes assisted living, skilled nursing and independent living facilities. The company’s manufactured housing portfolio includes 36 manufactured housing communities totaling 6,269 pad rental sites and 604 homes, referred to as its investment in MH Communities. As of December 31, 2012, its total assets under management were invested in net lease properties, such as a portfolio of office, retail and industrial properties totaling 3.2 million square feet. Healthcare Properties As of December 31, 2012, the company’s assets under management were invested in its healthcare properties, with a focus on the senior housing sector which includes assisted living, skilled nursing and independent living facilities. The company’s portfolio included 41 assisted living facilities (ALF), 33 skilled nursing facilities (SNF), 3 life science buildings (LSB), 5 independent living facilities (ILF), and 1 medical office building (MOB). Other Real Estate Investments As of December 31, 2012, the company’s assets under management were invested in manufactured housing communities, with 36 communities in Colorado, Wyoming, Arkansas and Illinois totaling 6,269 pad rental sites. The portfolio also owns 604 homes on the sites with the remaining owned by the respective tenants. As of December 31, 2012, its manufactured housing communities were 86% leased. Commercial Real Estate Securities The company’s CRE securities focuses on investing in and managing a range of CRE securities, including commercial mortgage backed security, unsecured REIT debt and collateralized debt obligations notes backed primarily by CRE securities and debt. Tax Status The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. As a result, the company generally is not subject to Federal or State income taxation at the corporate level to the extent it distributes annually at least 90% of its REIT taxable income to its shareholders and satisfies certain other requirements. History NorthStar Realty Finance Corp. was founded in 1997.

 

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Price/Sales 8.4x
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Price/Cash Flow 425.5x
TEV/Sales 0.3x
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