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NorthStar Realty Finance Announces Full Exercise And Closing Of Option To Purchase Additional Shares Of Common Stock

NEW YORK, March 2, 2012 /PRNewswire/ -- NorthStar Realty Finance Corp. (NYSE: NRF) (the "Company") announced today the full exercise and closing of the underwriter's option to purchase an additional 2,250,000 shares of common stock in connection with the Company's recent underwritten public offering.  After giving effect to the full exercise of the option, the Company has sold a total of 17,250,000 shares of its common stock in the offering.

Deutsche Bank Securities Inc. acted as the sole bookrunning manager of the offering.

A registration statement relating to the offered securities has been declared effective by the Securities and Exchange Commission ("SEC").  The offering has been made only by means of a prospectus supplement and accompanying base prospectus.  Copies of the prospectus supplement and the related prospectus for the offering may be obtained by contacting: Deutsche Bank Securities Inc., Attention: Prospectus Department, Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311-3988, by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com.

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 unlawful.

About NorthStar Realty Finance Corp.

NorthStar Realty Finance Corp. is a finance REIT that originates, acquires and manages portfolios of commercial real estate debt, commercial real estate securities and net lease properties.  In addition, NorthStar engages in asset management and other activities related to real estate and real estate finance.

SOURCE NorthStar Realty Finance Corp.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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