Portfolio Summary1 as of June 30, 2016
Number of Investments
Number of Properties2
24 U.S. States
This portfolio snapshot is as of June 30, 2016, adjusted for acquisitions and commitments to purchase through August 10, 2016. 1) Based on principal amount for real estate debt investments and commercial mortgage-backed securities (CMBS), fair value for our private equity fund investments (PE Fund Investments) and cost for real estate equity investments, which includes purchase price allocations related to net intangibles, deferred costs and other assets. Includes future funding commitments of $16.5 million for senior loans and $11.2 million for subordinate interests and a deferred purchase price of $13.9 million, excluding discount, for PE Investment II. Includes the following potential investments: (i) an approximate $100.0 million preferred equity investment in a $450.3 million net lease industrial real estate portfolio, for which we have executed a term sheet and (ii) an approximate $288 million investment in 41 private equity funds, for which we entered into an agreement with NorthStar Realty Finance Corp., a company managed by our sponsor, to acquire. There is no assurance we will enter into a definitive agreement and/or consummate such potential transactions on the contemplated terms, if at all. 2) Does not include PE Fund Investments or CMBS. *NorthStar Real Estate Income II, Inc. does not own all of the 97 properties.