About Us

About Us

Management Team

Kevin P. Traenkle | Chairman of the Board, Chief Executive Officer and President

Mr. Traenkle has been Chairman, an Interested Trustee, Chief Executive Officer and President of NorthStar Capital and the Funds since December 15, 2017, and a member of the Advisor’s investment committee since January 2017.

Mr. Traenkle also serves as Chairman, Chief Executive Officer and President of NorthStar Real Estate Income Trust, Inc. (NorthStar Income) and NorthStar Real Estate Income II, Inc. (NorthStar Income II), positions he has held since December 15, 2017. Mr. Traenkle is also expected to be the Chief Executive Officer of Colony NorthStar Credit Real Estate, Inc., which is expected to be the surviving company in the combination of NorthStar Income with NorthStar Income II and a select portfolio of assets and liabilities of Colony NorthStar, Inc. (Colony NorthStar).

Mr. Traenkle has served as the Executive Vice President and Chief Investment Officer of Colony NorthStar since January 2017, the same position he has held since June 2009 at the preceding company, Colony Capital, Inc. (Colony Capital), prior to the Mergers. Mr. Traenkle served as an Executive Director of Colony Capital from April 2015 to January 2017. Mr. Traenkle also served as a Principal of Colony Capital, where he was involved in many facets of the firm’s activities including: distressed debt initiatives, investment and divestment decisions, business development and global client relations.

Prior to becoming a Principal at Colony Capital in January 2005, Mr. Traenkle served as a Vice President of Acquisitions at Colony Capital and was responsible for the identification, evaluation, consummation,and management of investments. Before rejoining the Colony Capital business in 2002, Mr. Traenkle worked for a private equity investment firm, where he was responsible for real estate-related investment and management activities. Prior to joining the Colony Capital business in 1993, Mr. Traenkle worked for an investment bank, First Albany Corporation, in its Municipal Finance department.

Mr. Traenkle received a B.S. in Mechanical Engineering in 1992 from Rensselaer Polytechnic Institute in Troy, New York.

Frank V. Saracino | Chief Financial Officer and Treasurer

Mr. Saracino joined NorthStar in August 2015, and has served as the Trust’s and the Master Fund’s Chief Financial Officer and Treasurer since inception. Mr. Saracino has also served as the Chief Financial Officer and Treasurer of NorthStar Real Estate Capital Income Fund-T since December 2015. Mr. Saracino has served as Chief Financial Officer and Treasurer of NorthStar Corporate Income Fund and NorthStar Corporate Income Master Fund since July 2015 and Chief Financial Officer and Treasurer of NorthStar Corporate Income Fund-T since November 2015. In addition, Mr. Saracino has served as Chief Financial Officer and Treasurer of each of NorthStar Income, NorthStar Income II, NorthStar Healthcare and NorthStar/RXR since August 2015.

Prior to joining NorthStar, from July 2012 to December 2014, Mr. Saracino was with Prospect Capital Corporation, or Prospect, where he concentrated on portfolio management, strategic and growth initiatives and other management functions. In addition, during his tenure at Prospect, Mr. Saracino served as Chief Financial Officer, Chief Compliance Officer, Treasurer and Secretary of each of Priority Income Fund, Inc. and Pathway Energy Infrastructure Fund, Inc., and their respective investment advisers, and served as a Managing Director of Prospect Administration, LLC. Previously, Mr. Saracino was a Managing Director at Macquarie Group, and Head of Finance from August 2008 to June 2012 for its Americas non-traded businesses which included private equity, asset management, lease financing, private wealth, and investment banking. From 2004 to 2008, he served first as Controller and then as Chief Accounting Officer of eSpeed, Inc. (now BGC Partners, Inc.), a publicly-traded subsidiary of Cantor Fitzgerald.

Prior to that, Mr. Saracino worked as an investment banker at Deutsche Bank advising clients in the telecom industry. Mr. Saracino started his career in public accounting at Coopers & Lybrand (now PricewaterhouseCoopers) where he earned a CPA and subsequently worked in internal auditing for The Dun & Bradstreet Corporation. He holds a Bachelor of Science degree from Syracuse University.

Robert C. Gatenio | Chief Operating Officer

Mr. Gatenio has served as the Chief Operating Officer of the Trust since January 2018. Mr. Gatenio has served as the Managing Director and the Co-Head of US Investment Management of Colony NorthStar, positions he has held since June 2014 at the preceding company, NSAM.

Mr. Gatenio is primarily responsible for Colony NorthStar’s investments in CRE securities, private equity real estate secondaries, and NorthStar Healthcare investments. Mr. Gatenio has previously served as Managing Director of NorthStar Realty Finance (“NorthStar Realty”) from 2010 to June 2014, as well as successive management positions, since joining NorthStar Realty in 2006. Mr. Gatenio continues to serve as Vice Chairman of the Board of Directors of NorthStar Healthcare.

Since his engagement at NorthStar Realty, Mr. Gatenio has overseen the acquisition of over $4 billion in commercial real estate securities, $3 billion in private equity real estate secondaries and has had a leading role in building the healthcare platform across the Managed Companies, which currently include a diversified portfolio of equity and debt healthcare real estate investments in excess of $9 billion.

Prior to joining NorthStar Realty, Mr. Gatenio was with Goldman Sachs, in its Commercial Mortgage origination and distribution group, and previous to that with Goldman Sachs Asset Management, with its Fixed Income Portfolio Management Team. Mr. Gatenio holds a Bachelor of Science in Finance from Syracuse University and a Master of Business Administration from Fordham University Business School.

Sandra M. Forman | Deputy General Counsel and Chief Compliance Officer, Registered Funds

Ms. Forman has served as the Trust’s and the Master Fund’s Chief Compliance Officer, Associate General Counsel and Assistant Secretary since October 2015 and NorthStar Real Estate Capital Income Fund-T’s Chief Compliance Officer, Associate General Counsel and Assistant Secretary since December 2015.

Ms. Forman has served as Chief Compliance Officer, Associate General Counsel and Assistant Secretary of NorthStar Corporate Income Fund and NorthStar Corporate Income Master Fund since October 2015 and Chief Compliance Officer, Associate General Counsel and Assistant Secretary of NorthStar Corporate Income Fund-T since November 2015. Ms. Forman has also served as Senior Counsel for NorthStar since October 2015.

Prior to joining NorthStar, Ms. Forman was Senior Counsel at Proskauer Rose LLP from July 2014 to October 2015, where she represented investment companies, including registered closed-end funds and business development companies, and REITs regarding legal, corporate governance and compliance issues. In addition, from August 2004 to June 2014, she served as General Counsel, Chief Compliance Officer and Director of Human Resources and from January 2009 to June 2014 as Secretary of Harris & Harris Group, Inc., a publicly traded business development company. From January 2012 to June 2014, she served as General Counsel, Chief Compliance Officer and Secretary of H&H Ventures Management, Inc., a wholly owned subsidiary of Harris & Harris Group, Inc.

Ms. Forman began her legal career in the Investment Management Group at Skadden, Arps, Slate, Meagher & Flom LLP. She holds a Bachelor of Arts from New York University in New York, New York, and a Juris Doctor from the University of California Los Angeles in Los Angeles, California.

Sandra M. Forman | General Counsel, Chief Compliance Officer and Secretary

Ms. Forman has served as the Trust’s and the Master Fund’s General Counsel and Secretary since October 2016 and Chief Compliance Officer since October 2015. Previously, Ms. Forman served as the Trust's and the Master Fund’s Associate General Counsel and Assistant Secretary from October 2015 to October 2016. Ms. Forman has served as NorthStar Real Estate Capital Income Fund-T’s General Counsel and Secretary since October 2016, and Chief Compliance Officer since October 2015, having previously served as Associate General Counsel and Assistant Secretary from December 2015 to October 2016.

Ms. Forman has served as Chief Compliance Officer of NorthStar Corporate Income Fund, NorthStar Corporate Income Master Fund and NorthStar Corporate Income Fund-T since October 2015 and General Counsel and Secretary since January 2017. Previously, Ms. Forman served as Associate General Counsel and Assistant Secretary of NorthStar Corporate Income Fund and NorthStar Corporate Income Master Fund from October 2015 to January 2017 and Associate General Counsel and Assistant Secretary of NorthStar Corporate Income Fund-T from November 2015 to January 2017. Ms. Forman has served as Chief Compliance Officer and Secretary of NorthStar/Townsend Fund since inception. Ms. Forman also serves as Chief Compliance Officer for the registered funds, a position she has held since February 2017.

Ms. Forman currently serves as Deputy General Counsel at Colony NorthStar, Inc. (Colony NorthStar), a position she has held since January 2017. Ms. Forman previously served as Senior Counsel for NorthStar Asset Management Group Inc., the predecessor to Colony NorthStar, from October 2015 to January 2017. Prior to joining NorthStar, Ms. Forman was Senior Counsel at Proskauer Rose LLP from July 2014 to October 2015, where she represented investment companies, including registered closed-end funds and business development companies and REITs regarding legal, corporate governance and compliance issues. In addition, from August 2004 to June 2014, she served as General Counsel, Chief Compliance Officer and Director of Human Resources and from January 2009 to June 2014 as Secretary of Harris & Harris Group, Inc., a publicly traded business development company. From January 2012 to June 2014, she served as General Counsel, Chief Compliance Officer and Secretary of H&H Ventures Management, Inc., a wholly owned subsidiary of Harris & Harris Group, Inc.

Ms. Forman began her legal career in the Investment Management Group at Skadden, Arps, Slate, Meagher & Flom LLP. She holds a Bachelor of Arts from New York University in New York, New York, and a Juris Doctor from the University of California Los Angeles in Los Angeles, California.

 

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, NorthStar Real Estate Capital Income Fund-T and NorthStar Real Estate Capital Income Fund-ADV (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 a 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 material 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 clicking the link above 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 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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