NorthStar Prices Stock Offering

February 01, 2007, 3:00 p.m. EST 1 Min Read

NorthStar Realty Finance, a New York-based real estate investment trust, has announced the pricing of a public offering of 5.4 million shares of 8.25% series B cumulative redeemable preferred stock at $25 per share.The underwriters have been granted an option to buy up to 810,000 additional shares to cover any overallotments. Bear, Stearns & Co. and Wachovia Securities are the joint book-running managers of the offering. The REIT can be found online at http://www.nrfc.com.

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