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NorthStar Real Estate Income Trust, NorthStar Real Estate Income II name CEO

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NorthStar Real Estate Income Trust, NorthStar Real Estate Income II name CEO

Daniel Gilbert has resigned as a board member, chairman, CEO and president of NorthStar Real Estate Income Trust Inc. and NorthStar Real Estate Income II Inc., effective as of Dec. 15.

Gilbert's decision was not a result of any disagreement with the companies on any matter relating to its operations, polices or practices.

The departure comes as Gilbert tendered his resignation from the two companies' sponsor, Colony NorthStar Inc., and its affiliates, effective as of Jan. 11, 2018.

The boards of NorthStar Real Estate Income Trust and NorthStar Real Estate Income II have appointed Colony NorthStar Executive Vice President and Chief Investment Officer Kevin Traenkle board chairman, CEO and president to succeed Gilbert.