NorthStar Realty Finance Prices 50M Share Offering at $11.65/Share

NorthStar Realty Finance Corp.

(the "Company") announced today that it has priced an underwritten public offering of 50 million shares of common stock at a public offering price of $11.65 per share.  The Company has granted the underwriters a 30-day option to purchase up to 7.5 million additional shares of common stock. The offering is expected to close on December 17, 2013. UBS Investment Bank, Deutsche Bank Securities, Barclays, Citigroup and J.P. Morgan are acting as the joint book-running managers of the offering. FBR, JMP Securities, Keefe, Bruyette & Woods, a Stifel Company, Ladenburg Thalmann & Co. Inc. and MLV & Co. are acting as the co-managers of the offering. The Company intends to use the net proceeds of the offering to: fund the cash portion of the purchase price for the acquisition of an approximately $400 million portfolio of manufactured housing communities that it currently has under contract; and make other potential investments relating to its business, which may include (i) an approximately $350 million debt and equity investment in a strategic joint venture with a New York tri-state area focused real estate owner and asset manager, (ii) the acquisition of limited partnership interests in real estate