NorthStar Realty Invests $340M in RXR Realty

Source:  CoStar

NorthStar Realty Finance Corp. closed on a strategic $340 million investment in RXR Realty, a leading real estate operating and investment management company focused on the New York City Tri-State area. The investment includes a combination of corporate debt, preferred equity and common stock in RXR which provides NorthStar with a 30% ownership interest in RXR. RXR was formed in 2007 by the former management team of Reckson Associates Realty...

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