NorthStar and Colony Capital to Merge

July 22, 2016

On June 3, 2016, NorthStar Asset Management Group Inc., Colony Capital, Inc., and NorthStar Realty Finance announced that they have entered into a definitive merger agreement.

The merger between NorthStar Asset Management Group Inc. (“NSAM”), Colony Capital, Inc. (“Colony”), and NorthStar Realty Finance Corp. (“NRF”) will integrate an all-stock merger of equals transactions to form the real estate and investment management company, “Colony NorthStar, Inc.”  The first step of the transaction will involve NSAM domesticating into a Maryland REIT. NRF and Colony will then merge into NSAM to form the new entity.  Colony NorthStar will be a diversified equity REIT with $58 billion of assets under management. 

NSAM is a global asset management firm, managing real estate and other investments both in the United States and internationally.  As of March 31, 2016, NSAM had $23 billion of assets under management.

Colony is a global real estate and investment management firm.  Colony invests primarily in real estate equity, real estate debt, and investment management of private equity funds and vehicles. 

NRF is a commercial real estate company and is managed by NSAM.  NRF makes real estate-related investments for its stockholders involving acquiring commercial real estate properties and investments in real estate through private equity real estate funds.

To read the press release: please click here.


Investment Manager M&A, Transactions