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Friday, Aug 16
NorthStar prices CMBS deal
- NRF's first sponsored non-traded REIT - NorthStar Real Estate Income Trust - prices a $531.5M non-recourse floating-rate CMBS transaction at Libor + 2.68%. The deal will be backed by $425.2M of commercial real estate loans with the ability to add another $106.3M of additional loans within 6 months of closing. The closing is expected by the end of this month.
- Press release.