PRESS RELEASE
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Colony NorthStar Credit Real Estate, NorthStar Real Estate Income Trust and NorthStar Real Estate Income II Announce Approval of Combination
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At the special meeting of NorthStar I stockholders, approximately 94% of the votes cast were voted in favor of the proposal in connection with the NorthStar I Merger.
At the special meeting of NorthStar II stockholders, approximately 93% of the votes cast were voted in favor of the proposal in connection with the NorthStar II Merger.
The Combination is currently expected to close on or about
About Colony NorthStar Credit
Colony NorthStar Credit is a newly organized
About
NorthStar I is a public, non-traded REIT sponsored by
About
NorthStar II is a public, non-traded REIT sponsored by
Forward-Looking Statements
This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,” or
“potential” or the negative of these words and phrases or similar words
or phrases which are predictions of or indicate future events or trends
and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Among others, the following uncertainties and
other factors could cause actual results to differ from those set forth
in the forward-looking statements: the failure to receive, on a timely
basis or otherwise, the required approvals by governmental or regulatory
agencies and third parties; the risk that a condition to closing of the
Combination may not be satisfied (including the listing by Colony
NorthStar Credit of its Common Stock on a national securities exchange);
each party’s ability to consummate the transactions contemplated by the
Combination; operating costs and business disruption may be greater than
expected; and the ability to realize substantial efficiencies as well as
anticipated strategic and financial benefits, and the impact of
legislative, regulatory and competitive changes. The foregoing list of
factors is not exhaustive. Additional information about these and other
factors can be found in each company’s reports filed from time to time
with the
We caution investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. None of Colony NorthStar Credit, NorthStar I or NorthStar II is under any duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and none of Colony NorthStar Credit, NorthStar I or NorthStar II intends to do so.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180119005492/en/
Source:
Colony NorthStar Credit Real Estate, Inc.
Addo Investor Relations
Lasse
Glassen
310-829-5400
or
NorthStar Real Estate Income
Trust, Inc.
Lisa Baker
Owen Blicksilver Public Relations, Inc.
914-725-5949
lisa@blicksilverpr.com
or
Caroline
Luz
Owen Blicksilver Public Relations, Inc.
203-570-6462
caroline@blicksilverpr.com
or
NorthStar
Real Estate Income II, Inc.
Lisa Baker
Owen Blicksilver Public
Relations, Inc.
914-725-5949
lisa@blicksilverpr.com
or
Caroline
Luz
Owen Blicksilver Public Relations, Inc.
203-570-6462
caroline@blicksilverpr.com