Bow Street buys $19.6 Million stake in Northstar Realty Europe Corp (NRE)

Northstar Realty Europe Corp (NRE) : Bow Street scooped up 1,588,868 additional shares in Northstar Realty Europe Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,718,214 shares of Northstar Realty Europe Corp which is valued at $19.6 Million.Northstar Realty Europe Corp makes up approximately 13.89% of Bow Street’s portfolio.

Other Hedge Funds, Including , Sorin Capital Management reduced its stake in NRE by selling 42,900 shares or 7.72% in the most recent quarter. The Hedge Fund company now holds 512,538 shares of NRE which is valued at $5.8 Million. Northstar Realty Europe Corp makes up approx 6.01% of Sorin Capital Management’s portfolio. Ashford Investment Management sold out all of its stake in NRE during the most recent quarter. The investment firm sold 63,500 shares of NRE which is valued $724,535. Ibm Retirement Fund sold out all of its stake in NRE during the most recent quarter. The investment firm sold 14,095 shares of NRE which is valued $160,824. Allegis Investment Advisors sold out all of its stake in NRE during the most recent quarter. The investment firm sold 134 shares of NRE which is valued $1,529. Quantbot Technologies Lp sold out all of its stake in NRE during the most recent quarter. The investment firm sold 3,689 shares of NRE which is valued $44,010.

Northstar Realty Europe Corp. is a real estate investment trust (REIT). The Company is a European commercial real estate company with investments located across around nine countries in Europe. The Company focuses on office properties and may expand by acquiring other types of commercial real estate located across Europe. The Company’s property portfolio consists of approximately 52 properties located in European markets including Berlin Frankfurt Hamburg London Paris Amsterdam Milan Brussels and Madrid. Its portfolio primarily consists of office properties with 94% of its in-place rental income generated from office properties as of June 30 2015. It holds prime office properties in Germany the United Kingdom and France that account for approximately 71% of its in-place rental income as of June 30 2015.

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