An unknown buyer signed a definitive sale and purchase agreement to acquire Kirchheide from Northstar Realty Europe Corp. (NYSE:NRE) for $1.2 million in December, 2018. Northstar Realty Europe Corp. expects to release approximately $27 million of net equity from these sales post repayment of debt and transaction costs. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2019. An unknown buyer completed the acquisition of Kirchheide from Northstar Realty Europe Corp. (NYSE:NRE) on March 1, 2019.