Northstar Realty Posts Earnings Report posted a story Dec. 24, 2013 about Northstar Realty Finance’s acquisition of a portfolio of 16 manufactured housing communities (MHCs) valued at $345 million, mostly in Colorado and Texas, with an expected yield of 12 percent. The company reported its funds from operations (FFO) per share increased from -$0.09 in Q4 2012 to +$0.09 for the same period of 2013.The company says FFO for 2012 was -$1.94 per share versus -$0.18 per share for 2013, according to Chairman and CEO, David Hamamoto said, “2013 was truly a transformational year for NorthStar. The $3.6 billion of diversified investments completed during 2013 across various commercial real estate asset classes emphasizes the strength of our broad and scalable commercial real estate platform.”##

(Image credit: Northstar Realty Finance)

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