About Us

About Us

Board of Trustees

Daniel R. Gilbert | Chairman of the Board, Chief Executive Officer and President

Mr. Gilbert has been an Interested Trustee, Chief Executive Officer and President since October 2, 2015, Chairman since March 3, 2016 and is a director and member of the Advisor’s investment committee. Mr. Gilbert has also been an Interested Trustee, Chief Executive Officer and President of the Master Fund since October 2, 2015, and Chairman since March 3, 2016.

Mr. Gilbert has also been an Interested Trustee, Chief Executive Officer and President of NorthStar Real Estate Capital Income Fund-T since December 15, 2015, and Chairman since March 3, 2016. He has been an Interested Trustee, Chief Executive Officer and President of NorthStar Corporate Income Fund and NorthStar Corporate Income Master Fund since July 2015 and Chairman since January 15, 2016, an Interested Trustee, Chief Executive Officer and President of NorthStar Corporate Income Fund-T since November 2015 and Chairman since January 15, 2016. Mr. Gilbert has served as Chief Investment and Operating Officer of NorthStar Asset Management Group, Ltd, a wholly owned subsidiary of NorthStar and parent company of the Advisor, since June 2014 and of NorthStar Realty since January 2013. Mr. Gilbert serves as the Chairman, a position he has held since August 2015, and Chief Executive Officer and President, a position he has held since January 2013, of NorthStar Income and served as its President since March 2011 and its Chief Investment Officer from January 2009 through January 2013. Mr. Gilbert serves as the Executive Chairman of NorthStar Healthcare, a position he has held since January 2014, and served as its Chief Executive Officer from August 2012 to January 2014 and Chief Investment Officer from October 2010 through February 2012. Mr. Gilbert also serves as Chairman, a position he has held since August 2015, and the Chief Executive Officer and President, a position he has held since October 2010, of NorthStar Income II. Mr. Gilbert further serves as Co-Chairman, a position he has held since August 2015, the Chief Executive Officer and President, a position he has held since March 2014, of NorthStar/RXR.

Prior to his current position at NorthStar Realty, Mr. Gilbert served as Co-President of NorthStar Realty from April 2011 until January 2013 and in various other senior management positions since its initial public offering in October 2004. 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. 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.



Daniel J. Altobello | Trustee

Mr. Altobello has been an Independent Trustee since March 3, 2016. Mr. Altobello has also been an independent director and member of the audit committee of NorthStar Healthcare Income, Inc. since June 2011. As Chairman of Altobello Family LP since October 2000, he has extensive private investment experience in public securities, gas and oil, mutual funds and private equity ventures.

From September 1995 until October 2000, Mr. Altobello was the Chairman of Onex Food Service, Inc., a subsidiary of private equity investor Onex Corp., where he was responsible for board meetings and special client relations. From December 1989 to September 1995, Mr. Altobello served as Chairman, President and Chief Executive Officer of Caterair International Corporation, an in-flight food service provider that was acquired by Onex Food Service, Inc. in September 1995. From November 1979 to December 1989, he held various managerial positions with the food service management and in-flight catering divisions of Marriott Corporation (NYSE: MAR), including Executive Vice President of Marriott Corporation and President of Marriott Airport Operations Group.

Mr. Altobello began his management career at Georgetown University as Vice President of Administration Services. He is a member of the boards of directors of Arlington Asset Investment Corp. (NYSE: AI), a principal investment firm that invests in mortgage-related and other assets, DiamondRock Hospitality Company (NYSE: DRH), a lodging focused real estate company, Mesa Air Group, Inc., a regional airline and MamaMancini’s Holdings, Inc., a wholesale food manufacturer. Mr. Altobello also served on the advisory board of Hidden Creek Partners until February 2013 and is a trustee of Loyola Foundation, Inc.

He holds a Bachelor of Arts in English from Georgetown University in Washington, D. C. and Master of Business Administration from Loyola University in Baltimore, Maryland.



Dianne P. Hurley | Trustee

Ms. Hurley has been an Independent Trustee since March 3, 2016. Ms. Hurley has also served as an independent director and audit committee member of NorthStar/RXR New York Metro Income, Inc. since February 2015, and as an independent director and audit committee chair of Griffin-American Healthcare REIT IV, Inc. since February 2016.

Previously, Ms. Hurley served from November 2011 to January 2015 as Managing Director of SG Partners, an executive search firm, where her responsibilities included business development and execution of private equity, hedge fund and real estate recruiting efforts. From September 2009 to November 2011, she served as the Chief Operating Officer, Global Distribution, of Credit Suisse Asset Management, where she was responsible for overall management of the sales business, strategic initiatives, financial and client reporting, and regulatory and compliance oversight. From 2004 to September 2009, Ms. Hurley served as the founding Chief Administrative Officer of TPG-Axon Capital, where she was responsible for investor relations, fundraising, human capital management, compliance policy implementation, joint venture real estate investments and corporate real estate.

Prior to 2004, Ms. Hurley served in the Office of the President at the Rockefeller University, where she provided staff analysis and direction for all major administrative projects, including real estate development. Additionally, in early 2015, Ms. Hurley worked as CAO of growth equity firm RedBird Capital Partners during its startup phase, and earlier in her career worked in real estate and corporate finance at Edison Schools Inc. and in the real estate department at Goldman Sachs.

Ms. Hurley holds a Bachelor of Arts from Harvard University in Cambridge, Massachusetts and a Master of Business Administration from Yale School of Management, New Haven, Connecticut.



Gregory A. Samay | Trustee

Mr. Samay has been an Independent Trustee since March 3, 2016. Mr. Samay has also been an independent director and a member of the audit committee of NorthStar Healthcare Income, Inc. since June 2011. Mr. Samay has served as Chief Investment Officer for the Fairfax County Retirement Systems consisting of three public pension systems with a combined $6 billion of assets since July 2013 (having previously served as an Investment Officer since July 2011).

Mr. Samay served as Executive Director and Chief Investment Officer for Arlington County Employees’ Retirement System, a $1.3 billion public pension plan, from August 2005 to September 2010. Mr. Samay served as Assistant Treasurer for YUM! Brands, Inc. (NYSE: YUM), a quick service restaurant company, from 2003 to 2005. From 1998 to 2002, he served as Vice President and Treasurer of Charles E. Smith Residential Realty, Inc., a publicly traded REIT that merged with Archstone Communities of Denver in 2001 to form Archstone-Smith Trust, a publicly-traded REIT until acquired by Tishman Speyer and Lehman Brothers Holdings Inc. in October 2007. Mr. Samay served as Senior Manager, Capital Markets and Investments, for MCI Corporate from 1996 to 1998. From 1987 to 1996, he held various positions, progressing from Senior Financial Advisor-Corporate Treasury to Assistant Treasurer-Corporate Treasury, for COMSAT Corporation, a global telecommunications company.

Mr. Samay holds a Bachelor of Science in Engineering from Pennsylvania State University in University Park, Pennsylvania, and a Master of Business Administration from the Darden School of Business, University of Virginia in Charlottesville, Virginia.



Board of Trustees

Brett S. Klein | Chief Operating Officer

Mr. Klein has been an Interested Trustee since May 2017, has served as the Feeder Funds’ and the Master Fund’s Chief Operating Officer since inception and has served as Director of the REIT subsidiary since February 2017. Mr. Klein has served as Chief Operating Officer of NorthStar/Townsend Institutional Real Estate Fund Inc. since May 2017. Mr. Klein also serves as the Chief Operating Officer of NorthStar/RXR, a position he has held since June 2014.

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Daniel J. Altobello | Trustee

Mr. Altobello has been an Independent Trustee since March 3, 2016. Mr. Altobello has also been an independent director and member of the audit committee of NorthStar Healthcare Income, Inc. since June 2011. As Chairman of Altobello Family LP since October 2000, he has extensive private investment experience in public securities, gas and oil, mutual funds and private equity ventures.

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Dianne P. Hurley | Trustee

Ms. Hurley has been the lead Independent Trustee since March 3, 2016. Ms. Hurley has also served as an independent director and audit committee member of NorthStar/RXR New York Metro Income, Inc. since February 2015, and as an independent director and audit committee chair of Griffin-American Healthcare REIT IV, Inc. since February 2016. Ms. Hurley also serves as an independent director of NorthStar Realty Europe Corp., a position she has held since August 2016.

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Gregory A. Samay | Trustee

Mr. Samay has been an Independent Trustee since March 3, 2016. Mr. Samay has also been an independent director and a member of the audit committee of NorthStar Healthcare Income, Inc. since June 2011. Mr. Samay previously served as Chief Investment Officer for the Fairfax County Retirement Systems consisting of three public pension systems with a combined $6 billion of assets from July 2013 (having previously served as an Investment Officer since July 2011) to July 2016.

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NorthStar Real Estate Capital Income Master Fund (NorthStar Capital) is a master fund in a master/feeder structure, which pools investor capital raised through its feeder funds, NorthStar Real Estate Capital Income Fund and NorthStar Real Estate Income Fund-T (each a Fund and together the Funds). Each Fund invests substantially all of its assets in NorthStar Capital. Investors in a Fund are purchasing shares of a feeder fund, not NorthStar Capital. The investment results of each of the Funds are directly dependent on the investment results of NorthStar Capital, which seeks to execute the investment strategies described in each Fund’s prospectus. An investment in either Fund involves a high degree of risk and may be considered speculative as well as illiquid and a prospective investor should invest only if they can sustain a complete loss of their investment. Fund shares are not listed on any securities exchange and it is not anticipated that a secondary market will develop. NorthStar Capital and the Funds are recently organized companies and have limited operating history.

This website is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the applicable Fund prospectus. This website must be read in conjunction with the applicable Fund’s prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. Before investing, investors are advised to carefully read and consider the investment objectives, risks, charges and expenses of NorthStar Capital and the Fund in which they are considering an investment. Each Fund’s prospectus contains this and other information about the Fund. Investors may obtain a copy of a Fund’s prospectus by visiting www.NorthStarSecurities.com/CREfund or by calling 877.940.8777. No offering is made except pursuant to a registration statement declared effective by the U.S. Securities and Exchange Commission (the SEC). Neither the SEC nor any state securities regulator has approved or disapproved of the Funds’ common shares, determined if a prospectus is truthful or complete or passed on or endorsed the merits of the Funds’ offerings. Any representation to the contrary is a criminal offense. NorthStar Securities, LLC is the exclusive wholesale marketing agent for NorthStar Capital. NorthStar Securities, LLC is the exclusive wholesale marketing agent for the Funds. ALPS Distributors, Inc., member FINRA, is the distributor of the Funds. NorthStar Securities, LLC and ALPS Distributors, Inc. are not affiliated. NorthStar Securities, LLC is doing business as NorthStar BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.

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