NorthStar Realty Finance Corp., a New York-based real estate investment trust, has announced the closing of a public offering of 6.2 million shares of 8.25% series B cumulative redeemable preferred stock, priced at $25 per share.The share total includes 800,000 shares purchased by the underwriters under an overallotment option. Bear, Stearns & Co. and Wachovia Securities were the joint book-running managers of the offering.

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