NorthStar Real Estate Capital Income Master Fund (NorthStar Capital) offers retail investors access to an institutionally managed portfolio of commercial real estate (CRE) debt, CRE securities and CRE equity that may provide a source of attractive income through cash distributions1 in today’s low-yield environment.
NorthStar Capital is advised by an affiliate3 of Colony NorthStar, Inc. (Colony NorthStar; NYSE: CLNS). Colony NorthStar is a leading global real estate and investment management firm with approximately $57 billion4 in assets under management. Colony NorthStar strategically manages real estate and other investment platforms in the United States and internationally and was one of the first institutional managers to offer non-traded retail products to individual investors. Colony NorthStar provides retail clients with access to a diverse range of institutional-quality alternative investment programs designed to meet a variety of investor objectives.
*There is no assurance we will achieve any of our investment objectives. 1) There is no guarantee of distributions. Distributions may be paid from sources other than cash flow from operations, such as offering proceeds, borrowings or sales of assets, which may reduce an investor’s overall return and may constitute a return of capital. Investors in Fund-T shares will be subject to a distribution and servicing fee at an annualized rate of 1.0% of the NAV per share. Because the distribution and servicing fee is paid out of Fund-T assets on a monthly basis, over time these fees will increase the cost of an investment in Fund-T. Please refer to the Investment Risks for additional information. 2) While CRE debt investments may provide greater downside protection than CRE equity investments, NorthStar Capital’s investments vary in degree of risk depending on their place in the capital structure and may decrease in value, lose value or fluctuate. 3) The fund will be advised by CNI RECF Advisors, LLC (Advisor). 4) Represents balance sheet and third-party AUM as of September 30, 2017. Third party AUM represents capital invested alongside balance sheet, but excludes private equity and retail company interests, which are included in Investment Management AUM. The performance of Colony NorthStar is not indicative of the performance of NorthStar Capital or the Funds. Colony NorthStar and NorthStar Capital are separate companies. An investor purchasing shares in the Funds of NorthStar Capital’s public offering is making an indirect investment in NorthStar Capital, not in Colony NorthStar.