Portfolio Summary as of December 31, 2017*
Total Number of Transactions/Bonds Owned
Total Number of Loans
Number of Properties
1) Represents the number of properties used as collateral for the loans within the CMBS** portfolio.
Source: Trepp, LLC. Based on allocated par percentage. 2) Represents the top ten states in which the underlying properties for the loans held by NorthStar Capital are located. The remaining 30.2% of the portfolio is diversified across 32 states and the Cayman Islands.
Source: Trepp, LLC. Based on allocated par percentage. Represents the types of underlying properties for the loans held by NorthStar Capital.
**Commercial mortgage backed securities (CMBS).
CD 2017-CD3 D
GSMS 2017-GS5 D
BANK 2017-BNK7 D
MSBAM 2017-C34 D
COMM 2014-UBS5 D
BACM 2015-UBS7 D
CGCMT 2017-B1 D
GSMS 2017-GS7 E
JPMDB 2016-C4 D
COMM 2014-UBS5 E3
Holdings are subject to change without notice and are not a recommendation to buy. Source: Individual transaction term sheets, Bloomberg & Colony NorthStar, Inc. 3) The loans and properties counted in DBJPM 2016-C1 E also act as collateral for DBJPM 2016-C1 D and are part of a separate tranche. A tranche is a portion of structured financing and each tranche has its own risks, rewards and maturities.
*The information provided herein is for illustrative purposes only and is as of December 31, 2017. As such, the current portfolio of NorthStar Capital may differ materially from that shown. The information presented may not represent all of the holdings in the underlying fund. Source: Individual term sheets, Bloomberg & Colony NorthStar, Inc.