About Us

About Us

Who We Are

NorthStar Real Estate Capital Income Master Fund

NorthStar Real Estate Capital Income Master Fund (NorthStar Capital) is an unlisted, closed-end fund registered under the Investment Company Act of 1940. NorthStar Capital intends to primarily invest in commercial real estate (CRE) and real estate-related debt and preferred equity, direct investments in CRE properties, indirect investments through private equity funds and joint ventures, as well as investments in CRE securities. NorthStar Capital seeks to provide shareholders attractive and consistent income through cash distributions, preservation and protection of capital, along with an opportunity for capital appreciation.

NorthStar Capital is a master fund, which offers its shares to the public indirectly through feeder funds. There are currently two feeder funds: NorthStar Real Estate Capital Income Fund and NorthStar Real Estate Capital Income Fund-T, which in combination offer four share classes. An investor purchases shares of a feeder fund and each feeder fund purchases shares of NorthStar Capital, which executes the investment strategies described herein and in each Fund’s prospectus. For more information, click here to visit the offering details page.

NorthStar Capital's Investment Objectives

Attractive and Consistent Income
Through cash distributions1


Preservation of Capital
Exposure to institutional quality real estate investments intended to preserve and protect capital


Capital Appreciation
An opportunity for capital appreciation and risk-adjusted returns

NorthStar Securities, LLC

NorthStar Securities, LLC (NorthStar Securities) is the broker-dealer affiliate of Colony NorthStar, Inc. and the dealer-manager for NorthStar Capital's public offering. NorthStar Securities strives to assist financial advisors and their clients in making informed investment decisions to meet their financial goals. Based in Denver, NorthStar Securities is registered with the SEC and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

*There is no assurance we will achieve any of our investment objectives. 1) There is no guarantee of distributions. Distributions may be paid from sources other than cash flow from operations, including offering proceeds, borrowings or sales of assets, which may reduce an investor’s overall return and may constitute a return of capital. Investors in NorthStar Real Estate Capital Income Fund-T (Fund-T) shares will be subject to a distribution and servicing fee at an annualized rate of 1.0% of the net asset value (NAV) per share in order to compensate the dealer manager and participating broker-dealers and investment representatives for services and expenses related to the marketing, sale and distribution of Fund-T’s shares, which will begin the first month after the completion of the Fund-T offering. Because the distribution and servicing fee is paid out of Fund-T assets on a monthly basis, over time these fees will increase the cost of an investment in Fund-T. 


NorthStar Real Estate Capital Income Master Fund (NorthStar Capital) is a master fund in a master/feeder structure, which pools investor capital raised through its feeder funds, NorthStar Real Estate Capital Income Fund, NorthStar Real Estate Capital Income Fund-T and NorthStar Real Estate Capital Income Fund-ADV (each a Fund, and together the Funds). Each Fund invests substantially all of its assets in NorthStar Capital. Investors in a Fund are purchasing shares of a feeder fund, not NorthStar Capital. The investment results of each of the Funds are directly dependent on the investment results of NorthStar Capital, which seeks to execute the investment strategies described in each Fund’s prospectus. An investment in a Fund involves a high degree of risk and may be considered speculative as well as illiquid and a prospective investor should invest only if they can sustain a complete loss of their investment. Fund shares are not listed on any securities exchange and it is not anticipated that a secondary market will develop. NorthStar Capital and the Funds are recently organized companies and have limited operating history.

This website is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the applicable Fund prospectus. This material must be read in conjunction with the applicable Fund’s prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. Before investing, investors are advised to carefully read and consider the investment objectives, risks, charges and expenses of NorthStar Capital and the Fund in which they are considering an investment. Each Fund’s prospectus contains this and other information about the Fund. Investors may obtain a copy of a Fund’s prospectus by clicking the link above or by calling 877.940.8777. No offering is made except pursuant to a registration statement declared effective by the U.S. Securities and Exchange Commission (the SEC). Neither the SEC nor any state securities regulator has approved or disapproved of the Funds’ common shares, determined if a prospectus is truthful or complete or passed on or endorsed the merits of the Funds’ offerings. Any representation to the contrary is a criminal offense. NorthStar Securities, LLC is the exclusive wholesale marketing agent for the Funds. ALPS Distributors, Inc., member FINRA, is the distributor of the Funds. NorthStar Securities, LLC and ALPS Distributors, Inc. are not affiliated. NorthStar Securities, LLC is doing business as NorthStar BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.

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