No Real Excitement for Northstar Realty Europe

The pending Colony Northstar merger (described in prior articles) did not address the future of Northstar Realty Europe (NRE). ┬áNRE claims to be undervalued for reasons similar to Northstar Realty Finance (NRF) (see NRE presentation): Share price ($9.86 on 10/27) is well below Net Asset Value independently assessed at $16.64 at 6/30/16. Quarterly dividend of … Continue reading No Real Excitement for Northstar Realty Europe