Three-Way Merger Creates Equity REIT with $58 Billion of Assets

June 3, 2016

Cleary Gottlieb is representing Goldman Sachs, as financial advisor to NorthStar Asset Management Group Inc. (NSAM), in  connection with the combination of NSAM, Colony Capital, Inc. (Colony) and NorthStar Realty Finance Corp. (NRF) in an all-stock merger of equals transaction to create a world-class, internally managed, diversified real estate and investment management platform. The combined company will be named “Colony NorthStar, Inc.” The transaction is expected to close during the first quarter of 2017, subject to customary closing conditions, including regulatory approvals and approval by the NSAM, Colony and NRF shareholders.

NSAM is a global asset management firm focused on strategically managing real estate and other investment platforms in the United States and internationally.

Colony is a leading global real estate and investment management firm headquartered in Los Angeles, Calif., with more than 300 employees across 14 offices in 10 countries.

NRF is a diversified commercial real estate company that is organized as a REIT and is managed by an affiliate of NSAM.