NorthStar Realty Finance Corp.
(NYSE: NRF)
is
an internally-managed real estate finance company that focuses
primarily on originating and acquiring real estate debt, real
estate securities and net lease properties. Our management
team has significant experience in acquiring, financing, operating
and securitizing real estate investments which enables us to
source investments effectively and make sound credit decisions.
We invest in those areas of commercial real estate finance
that enable us to leverage our real estate investment expertise,
utilize our broad capital markets knowledge, and capitalize
on our ability to employ innovative financing structures.
We believe that our three principal business
lines are complementary to each other due to their overlapping
sources of investment opportunities, common reliance on real
estate fundamentals and ability to utilize securitizations to
finance assets and enhance returns. We seek to match fund our
real estate securities and real estate debt investments primarily
by issuing collateralized debt obligations, or CDOs. CDOs are
a securitization structure whereby multiple classes of debt
are issued to finance a portfolio of assets. We utilize non-recourse
first mortgage financing to fund our net leased properties.
We allocate capital to these businesses in such a way as to
diversify our credit risk and optimize our returns. Our primary
objectives are to produce attractive risk-adjusted returns and
to generate predictable cash flow for distribution to our stockholders.
We conduct our operations so as to qualify
as a real estate investment trust, or a REIT, for federal income
tax purposes.
