Companies & People: New REIT will have impact on HRE

NorthStar Asset Management Group personnel celebrated the firm’s spin-off from NorthStar Realty Finance Corp. in 2014. Now the firms are being recombined. Photo courtesy of New York Stock Exchange

NorthStar Asset Management Group personnel celebrated the firm’s spin-off from NorthStar Realty Finance Corp. in 2014. Now the firms are being recombined. Photo courtesy of New York Stock Exchange

Colony NorthStar would be formed from three firms, including NorthStar Realty

By John Mugford

Whether it will be buying or selling properties, a new real estate investment trust (REIT) in the works through the merger of three large publicly traded companies is likely to be a significant player in the healthcare real estate (HRE) arena.

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