NorthStar Asset Management to buy The Townsend Group from GTCR
NorthStar Asset Management Group Inc. said Thursday it has agreed to buy a roughly 85 percent stake in The Townsend Group. for about $380 million. GTCR is the seller. New York-based Townsend is a specialty real estate advisory and investment firm. NorthStar said it has obtained a $500 million financing commitment, which is being led by Morgan Stanley Senior Funding Inc. The deal is expected to close in early 2016. Morgan Stanley advised NorthStar.
15 October 2015•7 mins read
