NorthStar Realty Finance Corp. is an internally managed real estate finance company. It originates, acquires and manages portfolios of commercial real estate debt, commercial real estate securities and net lease properties. In addition, the Company engages in asset management and other activities related to real estate and real estate finance. The Company is focused on building its asset management business by raising and managing capital on a fee basis from alternate sources, such as the non-listed real estate investment trust sector, which it refers to as its Sponsored REITs. In April 2013, it announced the closing of acquisition of manufactured housing portfolio comprised of 71 communities containing approximately 17,000 pad rental sites located throughout five states (primarily in Florida and Salt Lake City, Utah).