NEW YORK, Dec. 17, 2014 /PRNewswire/ -- NorthStar Asset Management Group Inc. (NYSE: NSAM) today announced that its sponsored non-traded REITs have raised over $1 billion of capital in 2014, already representing a 49% increase over the prior year. As of today, total capital raised since inception in our non-traded REIT business is $2.3 billion.

David T. Hamamoto, chairman and chief executive officer, commented, "We are extremely pleased with the strong performance in capital raising for our sponsored, non-traded REIT platform. We have created an institutional quality alternative in the non-traded REIT space, which has translated into rapidly increasing market share growth from lower quality sponsors, and we are looking forward to capitalizing on our strong momentum in 2015 as we increase our product offerings."

About NorthStar Asset Management Group

NorthStar Asset Management Group Inc. (NYSE: NSAM) is a global asset management firm focused on strategically managing real estate investment platforms in the United States and internationally. For more information about NorthStar Asset Management Group Inc., please visit www.nsamgroup.com.

Safe Harbor Statement

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "will," "expect," "look forward" or other similar words or expressions. Forward-looking statements are not guarantees of performance and are based on certain assumptions, discuss future expectations, describe plans and strategies, contain projections of results of operations or of financial condition or state other forward-looking information. Such statements include, but are not limited to, the ability and momentum of our sponsored non-traded REITs to raise capital; including through follow-on offerings or new  companies, or at all; our ability to increase our product offerings and whether or not these product offerings will be successful; our ability to increase or maintain market share; and the ability of our sponsored non-traded REITs to generate substantial long-term fee income; and the factors described in our Registration Statement on Form 10 and the related information statement, including the section entitled "Risk Factors."

Any forward-looking statements contained herein speak only as of the date of this press release. NSAM expressly disclaims any obligation to publicly release 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northstar-asset-management-group-announces-over-1-billion-of-capital-raised-year-to-date-in-its-sponsored-non-traded-reits-300011077.html

SOURCE NorthStar Asset Management Group Inc.