Management Team

David T. Hamamoto, Chairman, NorthStar Realty Finance Corp. and Executive Chairman, NorthStar Asset Management Group Inc.

Mr. Hamamoto is the Chairman of NorthStar Realty Finance Corp. (NorthStar Realty Finance), a position he has held since October 2007, having previously served as a director since October 2003. Mr. Hamamoto previously served as Chief Executive Officer of NorthStar Realty Finance from October 2004 until August 2015 and as President from October 2004 until April 2011. Mr. Hamamoto also serves as Executive Chairman of NorthStar Asset Management Group Inc. since August 2015, a position he maintains as co-employee, having previously served as Chairman and Chief Executive Officer from January 2014 until August 2015. Mr. Hamamoto has been the Chairman of the board of directors of NorthStar Realty Europe Corp. since October 2015 and has served as one of its directors since June 2015.

Mr. Hamamoto previously served as Chairman of NorthStar Real Estate Income Trust, Inc. 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. from January 2013 until January 2014, and of NorthStar Real Estate Income II, Inc. from December 2012 until August 2015. Mr. Hamamoto also served as Co-Chairman of NorthStar/RXR New York Metro Real Estate, Inc. (NorthStar/RXR) 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. In July 1997, Mr. Hamamoto co-founded NorthStar Capital Investment Corp., the predecessor to NorthStar Realty Finance, 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.

Albert Tylis, Chief Executive Officer and President, NorthStar Asset Management Group Inc.

Mr. Tylis has served as Chief Executive Officer and President of NorthStar Asset Management Group Inc. (NorthStar; NYSE: NSAM) since August 2015 and January 2014, respectively, positions he maintains as a co-employee of NorthStar Realty Finance Corp. (NorthStar Realty Finance; NYSE: NRF). Mr. Tylis has also served as a member of NorthStar’s board of directors since August 2015. In addition, Mr. Tylis has served as a member of the board of directors of NorthStar Realty Europe Corp. (NYSE: NRE) since October 2015.

Previously, Mr. Tylis served as a member of the board of directors of NorthStar Realty Finance from August 2015 to June 2016, and as an officer of NorthStar Realty Finance in the following capacities: President from January 2013 until August 2015, Co-President from April 2011 until January 2013, Chief Operating Officer from January 2010 until January 2013, Secretary from April 2006 until January 2013, and Executive Vice President and General Counsel from April 2006 until April 2011. Mr. Tylis served as Chief Operating Officer of NorthStar Real Estate Income Trust, Inc. from October 2010 until January 2013 and as General Counsel and Secretary from October 2010 until April 2011. He has further served as Chairman of the board of directors of NorthStar Healthcare Income, Inc. from April 2011 until January 2013 and as General Counsel and Secretary from October 2010 until April 2011.

Prior to joining NorthStar Realty Finance, Mr. Tylis was the Director of Corporate Finance and General Counsel of ASA Institute and from September 1999 through February 2005, Mr. Tylis was a senior attorney at the law firm of Bryan Cave LLP, where he was a member of the Corporate Finance and Securities Group, the Transactions Group, the Banking, Business and Public Finance Group and supported the firm’s Real Estate Group. Additionally, Mr. Tylis has served as a member of the advisory committee of RXR Realty LLC since December 2013.

Mr. Tylis holds a Bachelor of Science from the University of Massachusetts at Amherst and a Juris Doctor from Suffolk University Law School.

Daniel R. Gilbert, Chief Investment and Operating Officer, NorthStar Asset Management Group, Ltd

Mr. Gilbert has served as NorthStar Realty Finance Corp.’s (NorthStar Realty Finance) Chief Investment and Operating Officer since January 2013. Previously, Mr. Gilbert served as NorthStar Realty Finance’s Co-President from April 2011 until January 2013 and in various other senior management positions since its initial public offering in October 2004. Mr. Gilbert also serves as Chief Investment and Operating Officer of NorthStar Asset Management Group, Ltd, a subsidiary of NorthStar Asset Management Group Inc., a position he has held since June 2014 and maintains as a co-employee.

Mr. Gilbert serves as the Chairman, Chief Executive Officer and President of NorthStar Real Estate Income Trust, Inc. since August 2015, January 2013 and March 2011, respectively and NorthStar Real Estate Income II, Inc. since December 2012 and, with respect to his role as Chairman, since August 2015. Mr. Gilbert has also served as the Executive Chairman of NorthStar Healthcare Income, Inc. since January 2014, having previously served as Chief Executive Officer from August 2012 to January 2014 and Chief Investment Officer from October 2010 to February 2012. Mr. Gilbert further serves as the Co-Chairman, Chief Executive Officer and President of NorthStar/RXR New York Metro Real Estate, Inc., positions he has held since March 2014 and, with respect to his role as Co-Chairman, since August 2015.

Mr. Gilbert also 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. (Merrill Lynch) 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.

Jonathan A. Langer, Chief Executive Officer and President

Mr. Langer has served as Chief Executive Officer and President of NorthStar Realty Finance Corp. since August 2015. Mr. Langer has also served as Executive Vice President of NorthStar Asset Management Group Inc. since August 2015, a position he maintains as a co-employee. 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.

Debra A. Hess, Chief Financial Officer

Ms. Hess has served as Chief Financial Officer of NorthStar Realty Finance Corp. since July 2011. Ms. Hess also serves as Chief Financial Officer of NorthStar Asset Management Group Inc., a position she has held since January 2014 and maintains as a co-employee.

Until August 2015, Ms. Hess served as Chief Financial Officer and Treasurer of NorthStar Real Estate Income Trust, Inc. and as Chief Financial Officer and Treasurer of NorthStar Healthcare Income, Inc. from October 2011 and March 2012, respectively. Ms. Hess also served as Chief Financial Officer and Treasurer of NorthStar Real Estate Income II, Inc. from December 2012 to August 2015, and as Chief Financial Officer and Treasurer of NorthStar/RXR New York Metro Real Estate, Inc. from March 2014 to August 2015. Ms. Hess previously served as Chief Financial Officer of NorthStar Realty Europe Corp. from June 2015 to November 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 Executive Vice President, General Counsel and Secretary of NorthStar Realty Finance Corp. since April 2012, April 2011, and January 2013, respectively. Mr. Lieberman previously served as NorthStar Realty Finance’s Assistant Secretary from April 2011 until January 2013. Mr. Lieberman also serves as Executive Vice President, General Counsel and Secretary of NorthStar Asset Management Group Inc., positions he has held since January 2014 and maintains as a co-employee.

Mr. Lieberman has served as General Counsel and Secretary of NorthStar Healthcare Income, Inc. since April 2011, and as an Executive Vice President since January 2013. Mr. Lieberman also serves as Executive Vice President, General Counsel and Secretary for NorthStar/RXR New York Metro Real Estate, Inc., 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 Real Estate Income Trust, Inc. and NorthStar Real Estate Income II, Inc. 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 NorthStar Realty Finance, 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 real estate investment trusts (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 an Executive Vice President of NorthStar Realty Finance Corp. (NorthStar Realty Finance) since April 2006, having previously served as a managing director from November 2005. Mr. Raffe is the Head of Portfolio Management which includes, among other things, the asset management of all of NorthStar Realty Finance’s equity and debt assets. Prior to his current role, he was responsible for running NorthStar Realty Finance’s Real Estate Net Lease Acquisitions business. Mr. Raffe has 27 years of real estate and legal expertise.

Previously, Mr. Raffe was with GE Business Property from 2002 - 2005 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.