NorthStar Realty Finance to Spin-off Asset Management Business into Separate Publicly Traded Company
December 10, 2013 at 16:07 PM EST
NorthStar Realty Finance (NYSE: NRF ) today announced that its Board of Directors unanimously approved a plan to spin-off its asset management business into a separate publicly traded company in the form of a tax-free distribution. The distribution is expected to be completed in the second quarter of 2014