NEW YORK, NY (REIT Media) April 18, 2008 - NorthStar Realty Finance Corp. (NYSE: NRF), an internally managed REIT that primarily originates and invests in commercial real estate debt, real estate securities and net lease properties, today announced that it will host a conference call to discuss first quarter 2008 financial results on Thursday, May 8, 2008 at 10:00 a.m. Eastern time. Hosting the call will be David T. Hamamoto, Chairman and Chief Executive Officer, and Andrew C. Richardson, Executive Vice President and Chief Financial Officer. A press release with first quarter 2008 financial results will be issued before the market open on May 8, 2008.

The call will be webcast live over the Internet from the company's website at http://www.nrfc.com and will be archived on the company's website. The call can also be accessed live over the phone by dialing 800-218-0713, or for international callers, by dialing 303-262-2191.

A replay of the call will be available one hour after the call through Thursday, May 15, 2008 by dialing 800-405-2236 or 303-590-3000 for international callers, using pass code 11113100.

About NorthStar Realty Finance Corp.

NorthStar Realty Finance Corp. is an internally managed REIT that primarily originates and invests in commercial real estate debt, real estate securities and net lease properties. For more information about NorthStar Realty Finance Corp., please visit www.nrfc.com.