Monthly Archives: June 2016

Good Riddance to NorthStar Management

NRF imageNorthStar Realty Finance (NRF), NorthStar Asset Management (NSAM), and Colony Capital (CLNY) finally agreed to the tie-up that they had pre-announced a few weeks ago. The move cures a number of problems at the troubled NorthStar businesses, the most important of which is the company’s own management, who are largely ousted as part of the merger of the three real estate companies. But management will have their pound of flesh before they exit, including a huge takeover premium for insiders. Yep, the same management who helped create this mess takes home another huge payday. Continue reading Good Riddance to NorthStar Management