Management Team

David T. Hamamoto, Chairman

Mr. Hamamoto is the Chairman of NorthStar Realty Finance Corp. (NorthStar Realty Finance). Mr. Hamamoto has been our Chairman since October 2007 and has served as one of our directors since October 2003. Mr. Hamamoto previously served as our Chief Executive Officer from October 2004 until August 2015 and as our President from October 2004 until April 2011. Mr. Hamamoto also serves as Executive Chairman of NorthStar Asset Management Group Inc. (NSAM), a position he has held since August 2015, having previously served as NSAM’s Chairman and Chief Executive Officer from January 2014 until August 2105. Mr. Hamamoto previously served as Chairman of NorthStar Real Estate Income Trust, Inc. (NorthStar Income), the first public non-traded REIT originally sponsored by us, from February 2009 until August 2015 and served as its Chief Executive Officer from February 2009 until January 2013. In addition, Mr. Hamamoto served as Chairman of NorthStar Healthcare Income, Inc. (NorthStar Healthcare), the second public non-traded REIT sponsored by us, from January 2013 until January 2014, and of NorthStar Real Estate Income II, Inc. (NorthStar Income II), the third public non-traded REIT sponsored by us, from December 2012 until August 2015. Mr. Hamamoto also served as Co-Chairman of NorthStar/RXR New York Metro Income, Inc. (NorthStar/RXR), a public non-traded REIT co-sponsored by us, from March 2014 until August 2015. Additionally, Mr. Hamamoto serves as a member of the advisory committee of RXR Realty LLC, a leading real estate operating and investment management company focused on high-quality real estate investments in the New York Tri-State area and a co-sponsor of NorthStar/RXR, a position he has held since December 2013. Mr. Hamamoto also serves as a member of the executive committee of Island Hospitality Management Inc., a position he has held since January 2015. Mr. Hamamoto served as Executive Chairman from March 2011 until November 2012, and as Chairman, from February 2006 until March 2011, of the board of directors of Morgans Hotel Group Co. (NASDAQ: MHGC). In July 1997, Mr. Hamamoto co-founded NorthStar Capital Investment Corp., the predecessor to the Company, for which he served as Co-Chief Executive Officer until October 2004. From 1983 to 1997, Mr. Hamamoto worked for Goldman, Sachs & Co. where he was co-head of the Real Estate Principal Investment Area and general partner of the firm between 1994 and 1997. During Mr. Hamamoto’s tenure at Goldman, Sachs & Co., he initiated the firm’s effort to build a real estate principal investment business under the auspices of the Whitehall Funds. Mr. Hamamoto holds a Bachelor of Science from Stanford University in Palo Alto, California and a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania in Philadelphia, Pennsylvania.

Jonathan A. Langer, Chief Executive Officer and President

Mr. Langer has served as our Chief Executive Officer and President since August 2015. Mr. Langer has been a Partner at Fireside Investments, a private investment firm since 2012. Mr. Langer has also served as a consultant to Morgans Hotel Group Co. (NASDAQ: MHGC) and its special transaction committee since May 2015, having previously served as a member of MHGC’s board of directors from June 2013 to May 2015. From 1994 to 2009, Mr. Langer was employed at Goldman, Sachs & Co., where he primarily worked as a Partner in its Real Estate Principal Investment Area (REPIA), which, among other activities, oversaw the Whitehall Funds. Mr. Langer’s responsibilities at Goldman, Sachs & Co. included overseeing REPIA’s North American real estate and global lodging investment efforts. During his tenure at Goldman, Sachs & Co., Mr. Langer also served on the boards of various companies, such as Icon Parking and Westin Hotels and Resorts. Following Goldman, Sachs & Co, Mr. Langer joined Bain Capital, where he worked in private equity investing for its North American region during 2010 and 2011. Mr. Langer has previously served as a member of the board of directors of Kerzner International Resorts, Inc., Hilton Hotels & Resorts and Strategic Hotel Hotels & Resorts, Inc. Mr. Langer holds a Bachelor of Science in Economics from The Wharton School of the University of Pennsylvania.

Daniel R. Gilbert, Chief Investment & Operating Officer

Mr. Gilbert has served as our Chief Investment and Operating Officer since January 2013. Mr. Gilbert served as Co-President of the Company from April 2011 until January 2013 and in various other senior management positions since our initial public offering in October 2004. Mr. Gilbert also serves as Chief Investment and Operating Officer of NorthStar Asset Management Group, Ltd, a wholly-owned subsidiary of NSAM, a position he has held since June 2014. Mr. Gilbert also serves as the Chairman, Chief Executive Officer and President of NorthStar Real Estate Income Trust, Inc. (NorthStar Income) (since August 2015, January 2013 and March 2011, respectively) and NorthStar Real Estate Income II, Inc. (NorthStar Income II) (since October 2010 and, with respect to his role as Chairman, since August 2015), as well as the executive chairman of NorthStar Healthcare Income Inc. (NorthStar Healthcare) since January 2014 (having previously served as NorthStar Healthcare’s Chief Executive Officer from August 2012 to January 2014 and Chief Investment Officer from October 2010 through February 2012). Mr. Gilbert served as Co-President of NorthStar Realty Finance from April 2011 until January 2013 and in various other senior management positions since NorthStar Realty Finance’s initial public offering in October 2004. Mr. Gilbert began serving as an executive officer of each of NorthStar Income, NorthStar Healthcare and NorthStar Income II from their inceptions, in January 2009, October 2010 and December 2012, respectively. Mr. Gilbert further serves as the Co-Chairman, Chief Executive Officer and President of NorthStar/RXR New York Metro Income, Inc. (NorthStar/RXR), positions he has held since March 2014 and, with respect to his role as Co-Chairman, since August 2015. Mr. Gilbert served as an Executive Vice President and Managing Director of Mezzanine Lending of NorthStar Capital Investment Corp., a predecessor company of NorthStar Realty Finance. Prior to that role, Mr. Gilbert was with Merrill Lynch & Co. in its Global Principal Investments and Commercial Real Estate Department and prior to joining Merrill Lynch, held accounting and legal-related positions at Prudential Securities Incorporated. Mr. Gilbert holds a Bachelor of Arts degree from Union College in Schenectady, New York.

Debra A. Hess, Chief Financial Officer

Ms. Hess currently serves as our Chief Financial Officer, a position she has held since July 2011. Ms. Hess also serves as Chief Financial Officer of NSAM, a position she has held since January 2014. Until August 2015, Ms. Hess served as Chief Financial Officer and Treasurer of NorthStar Income from October 2011 and as Chief Financial Officer and Treasurer of NorthStar Healthcare from March 2012. Ms. Hess also previously served as Chief Financial Officer and Treasurer of NorthStar Income II and NorthStar/RXR from December 2012 and March 2014, respectively, to August 2015. Ms. Hess has significant financial, accounting and compliance experience at public companies. Ms. Hess most recently served as Chief Financial Officer and Compliance Officer of H/2 Capital Partners, where she was employed from August 2008 to June 2011. From March 2003 to July 2008, Ms. Hess was a managing director at Fortress Investment Group, where she also served as Chief Financial Officer of Newcastle Investment Corp., a Fortress portfolio company and a NYSE-listed alternative investment manager. From 1993 to 2003, Ms. Hess served in various positions at Goldman, Sachs & Co., including as Vice President in Goldman Sachs’s Principal Finance Group and as a Manager of Financial Reporting in Goldman Sachs’ Finance Division. Prior to 1993, Ms. Hess was employed by Chemical Banking Corporation in the corporate credit policy group and by Arthur Andersen & Company as a supervisory senior auditor. Ms. Hess holds a Bachelor of Science in Accounting from the University of Connecticut in Storrs, Connecticut and a Master of Business Administration in Finance from New York University in New York, New York.

Ronald J. Lieberman, Executive Vice President, General Counsel and Secretary

Mr. Lieberman has served as our Executive Vice President, General Counsel and Secretary since January 2013. Mr. Lieberman has also served as our General Counsel since April 2011, an Executive Vice President since April 2012 and as Assistant Secretary from April 2011 until January 2013. Mr. Lieberman also serves as Executive Vice President, General Counsel and Secretary of NSAM, a position he has held since January 2014. Mr. Lieberman has also served as General Counsel and Secretary of and NorthStar Healthcare since April 2011, and as an Executive Vice President of the company since January 2013. Mr. Lieberman also serves as Executive Vice President, General Counsel and Secretary for NorthStar/RXR, positions he has held since March 2014. Mr. Lieberman further serves on the Executive Committee of American Healthcare Investors, LLC. Until August 2015, Mr. Lieberman had served as General Counsel and Secretary of NorthStar Income and NorthStar Income II from October 2011 and December 2012, respectively, and as Executive Vice President of each of these companies from January 2013 and March 2013, respectively. Prior to joining our Company, Mr. Lieberman was a partner in the Real Estate Capital Markets practice at the law firm of Hunton & Williams LLP. Mr. Lieberman practiced at Hunton & Williams from September 2000 until March 2011 where he advised numerous REITs, including mortgage REITs and specialized in capital markets transactions, mergers and acquisitions, securities law compliance, corporate governance and other board advisory matters. Prior to joining Hunton & Williams, Mr. Lieberman was the associate general counsel at Entrade, Inc., during which time Entrade was a public company listed on the NYSE. Mr. Lieberman began his legal career at Skadden, Arps, Slate, Meagher and Flom LLP. Mr. Lieberman holds a Bachelor of Arts, Master of Business Administration and Juris Doctor, each from the University of Michigan in Ann Arbor, Michigan.

Daniel D. Raffe, Executive Vice President

Mr. Raffe has been one of our Executive Vice Presidents since April 2006 and was a managing director from November 2005. Mr. Raffe is responsible for running our Real Estate Net Lease Acquisitions business. Mr. Raffe has 17 years of real estate and legal expertise. Prior to joining NorthStar Realty Finance, Mr. Raffe was with GE Business Property since 2002 as a Vice President responsible for leading real estate net lease acquisitions and structured finance transactions in the Eastern and Midwest United States. Prior to that, from 1997 to June 2000, Mr. Raffe was a Managing Director at Cushman & Wakefield, Inc. where he advised corporate owners of real estate on the best financial strategies for their real estate holdings, and structured and implemented sale leaseback, synthetic lease and other real estate finance transactions. Prior to Cushman & Wakefield, Mr. Raffe worked for both Capital Lease Funding, L.P. and Kidder Peabody where he engaged in a variety of commercial real estate finance transactions including sale leasebacks, net lease acquisitions and financings and other whole loan originations. Mr. Raffe began his career with the law firm of Dewey Ballantine. Mr. Raffe graduated from Indiana University with a degree in Accounting and also received a law degree from Georgetown University.