portfolio

Portfolio

Portfolio Summary as of August 31, 2017*

Total Number of Transactions/Bonds Owned

12

Total Number of Loans

461

Number of Properties

6811

 

1) Represents the number of properties used as collateral for the loans within the CMBS** portfolio.

 
CMBSPortfolioTopTenStates

 

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 27.8% of the portfolio is diversified across 36 states and the Cayman Islands.

CMBSPortfolioPropertyType

 

Source: Trepp, LLC. Based on allocated par percentage. Represents the types of underlying properties for the loans held by NorthStar Capital.

InvestmentType

 

**Commercial mortgage backed securities (CMBS).

 

TopTenHoldings


INVESTMENT NAME

INVESTMENT
TYPE

NUMBER
OF LOANS

NUMBER OF
PROPERTIES

ASSET
CLASS


LOCATION

SQUARE
FEET

CD 2017-CD3 D

CMBS

52

59

N/A

N/A

N/A

GSMS 2017-GS5

CMBS

32

72

N/A

N/A

N/A

COMM 2014-UBS5 D

CMBS

70

94

N/A

N/A

N/A

BACM 2015-UBS7D

CMBS

42

57

N/A

N/A

N/A

GSMS 2017-GS7 E

CMBS

32

35

N/A

N/A

N/A

CGCMT 2017-B1 D

CMBS

48

69

N/A

N/A

N/A

COMM 2014-UBS5E3

CMBS

N/A

N/A

N/A

WFCM 2017-RB1 D

CMBS

37

72

N/A

N/A

N/A

DBJPM 2016-C1 E4

CMBS

33

45

N/A

N/A

N/A

DBJPM 2016-C1 D4

CMBS

N/A

N/A

N/A

 

 

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. 4) The loans and properties counted in COMM 2014-UBS5 D also act as collateral for COMM 2014-UBS5 E and are part of a separate tranche.

*The information provided herein is for illustrative purposes only and is as of August 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.

 

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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