NEW YORK, Nov. 10, 2016 /PRNewswire/ -- NorthStar Real Estate Income Trust, Inc. (NorthStar Income) announced that it participated in a $284.2 million non-recourse, match-term, non-mark-to-market financing transaction in the form of a commercial mortgage-backed securitization, NorthStar 2016-1. The transaction is collateralized by a pool of 10 commercial real estate mortgage loans, all but one of which was directly originated by NorthStar Real Estate Income II, Inc. (NorthStar Income II) and three senior participations originated by NorthStar Income. NorthStar Income contributed approximately $29.5 million of senior participations providing permanent financing for its assets, and will retain the junior participations of approximately $15.0 million. NorthStar Income II contributed the remaining $254.7 million of collateral. Net proceeds from the transaction will be used by NorthStar Income to, among other things, repay one of its credit facilities, which will generally create new availability under the facility to finance and enhance the returns of future mortgage loan investments. The transaction closed on November 9, 2016. Both NorthStar Income and NorthStar Income II are public, non-traded real estate investment trusts sponsored by NorthStar Asset Management Group Inc. (NYSE: NSAM) that together own over $3.6 billion of commercial real estate (CRE) debt and CRE-related investments. The securities are being offered inside the United States to persons who are both (1) (a) "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended (the Securities Act), or (b) solely with respect to securities issued in definitive form, institutional "accredited investors" as defined in Rule 501(a)(1), (2), (3) or (7) of Regulation D under the Securities Act, and (2) "qualified purchasers" as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended. The securities are also being offered outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The securities have not been registered under the Securities Act or any state or foreign securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy the securities.