NorthStar RealEstate Income II Inc. has filed a prospectus for a public offeringof $1.65 billion of common shares on a best efforts basis.
The company is offering $1.5 billion in common shares in aprimary public offering in any combination of the two classes, class A andclass T shares.
The offering price is $10.17 per class A share and $9.61 perclass T share. It is also offering $150 million in common shares pursuant toits distribution reinvestment plan at a purchase price of $9.79 per class Ashare and $9.25 per class T share.
The company intends to use the proceeds for investments and,upon investment in its targeted assets, to pay an acquisition fee to its adviserfor services in connection with the selection, origination or acquisition, asapplicable, of its commercial real estate debt, equity and securitiesinvestments. The remainder of the proceeds will be used to pay offering costs,including selling commissions and dealer manager fees.
NorthStar Real Estate Income II is sponsored by