NorthStar Realty Finance Announces Public Offering of Common Stock

      NorthStar Realty Finance Announces Public Offering of Common Stock

PR Newswire

NEW YORK, Feb. 19, 2013

NEW YORK, Feb. 19, 2013 /PRNewswire/ --NorthStar Realty Finance Corp. (NYSE:
NRF) (the "Company") announced today that it has commenced an underwritten
public offering of 30,000,000 shares of common stock. The Company expects to
grant the underwriters a 30-day option to purchase up to 4,500,000 additional
shares of common stock.

Deutsche Bank Securities and UBS Investment Bank are acting as the joint
book-running managers of the offering.

The Company intends to use the net proceeds of the offering to make
investments relating to its business, to repurchase or pay its liabilities and
for general corporate purposes.

A registration statement relating to the offered securities has been declared
effective by the Securities and Exchange Commission ("SEC"). The offering is
being made only by means of a prospectus supplement and accompanying base
prospectus. Copies of the preliminary prospectus supplement and the related
prospectus for the proposed offering may be obtained by contacting: Deutsche
Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York,
NY 10005-2836, by calling (800) 503-4611, or by emailing; or by contacting UBS Securities LLC, Attention:
Prospectus Department, 299 Park Avenue, New York, NY 10171 or by calling (888)

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy the shares, nor shall it constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale is

About NorthStar Realty Finance Corp.

NorthStar Realty Finance Corp. is a diversified commercial real estate
investment and asset management company that is organized as an internally
managed REIT.

Safe-Harbor Statement

Certain items in this press release may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995,
which can be identified by words like "expect," "intend" and similar
expressions. These statements are based on management's current expectations
and beliefs and are subject to a number of trends and uncertainties that could
cause actual results to differ materially from those described in the
forward-looking statements; the Company can give no assurance that its
expectations will be attained. Forward-looking statements are necessarily
speculative in nature, and it can be expected that some or all of the
assumptions underlying any forward-looking statements will not materialize or
will vary significantly from actual results. Variations of assumptions and
results may be material. Factors that could cause actual results to differ
materially from the Company's expectations include, but are not limited to,
changes in economic conditions generally and the real estate and bond markets
specifically, completion of the offering on the terms described in the
registration statement, the prospectus supplement relating to this offering
and the accompanying prospectus, if at all, and use of proceeds from the sale
of the common stock. Factors that could cause actual results to differ
materially from those in the forward-looking statements are specified in the
Company's Annual Report on Form 10-K for the year ended December 31, 2012 and
its other filings with the SEC. Such forward-looking statements speak only as
of the date of this press release. The Company expressly disclaims any
obligation to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in its expectations with
regard thereto or change in events, conditions or circumstances on which any
statement is based.

SOURCE NorthStar Realty Finance Corp.

Contact: Investor Relations, Joe Calabrese, +1-212-827-3772
Press spacebar to pause and continue. Press esc to stop.