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Venable LLP represented the Special Committee of the Board of Directors of NorthStar Real Estate Income II, Inc. ("NorthStar II") in its consideration and approval of NorthStar II entering into a master combination agreement among certain affiliates of Colony NorthStar, Inc. ("Colony NorthStar"), and NorthStar Real Estate Income Trust, Inc. ("NorthStar I") under which a select portfolio of Colony NorthStar assets will combine with NorthStar I and NorthStar II in an all stock combination transaction to create a new leading commercial real estate credit REIT with approximately $5.5 billion in assets and $3.4 billion in equity value. The new combined company will be named "Colony NorthStar Credit Real Estate, Inc." (the "Company"). The closing of the transaction is conditioned upon the approval of NorthStar I's and NorthStar II's stockholders, a listing of the Company's Class A common stock on a national securities exchange and other conditions. See here for additional information on the transaction.

The team was led by Michael D. Schiffer and Sharon A. Kroupa, who were assisted by Brian P. Field, Gabriel M. Steele, Carmen M. FondaMario A. Richards and Lauren M. Brown.