Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings

REIT Conversion

NorthStar Realty Finance Corp $NRF will Spinoff its European Real Estate Business into a REIT

NorthStar Realty Finance Corp. (NRF) announced that its Board of Directors unanimously approved a plan to spin-off its European real estate business into a separate publicly-traded REIT, NorthStar Realty Europe Corp. The spinoff is expected to be listed on the NYSE but the company is evaluating a dual-listing in Europe.  The proposed spin-off is expected to be completed in the second half of 2015.  Source

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