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NorthStar/RXR New York gets shareholder nod for merger with adviser's unit

NorthStar/RXR New York Metro Real Estate Inc.'s proposed merger with and into a unit of CNI NS/RXR Advisors LLC, the nontraded real estate investment trust's adviser, and its asset monetization proposal received shareholder approvals.

At the REIT's Oct. 17 annual meeting, 2,224,450 shares were voted in favor of the merger, 144,657 shares were against it and 60,978 were abstentions.

The asset monetization plan whereby all the REIT's assets will be sold in one or more transactions was approved, with 2,325,811 shares voted in favor of the proposal, compared with 61,824 shares voted against it and 42,450 shares abstaining.