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<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font: 15pt Times New Roman, Times, Serif; letter-spacing: 1.8pt"><B>UNITED
STATES</B></FONT><FONT STYLE="font-size: 15pt"><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; letter-spacing: 1.8pt"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>WASHINGTON,
D.C. 20549</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 9pt; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.25in 0 9pt; text-align: center"><FONT STYLE="font-size: 15pt"><B>FORM
8-K</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>Securities
Exchange Act of 1934</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 5.4pt 0 16.2pt; text-align: center"><B>Date of report (Date of earliest
event reported):<BR>
September 18, 2013</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.15in 0 10pt; text-align: center"><FONT STYLE="font-size: 24pt"><B>NorthStar
Real Estate Income II, Inc.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.15in; text-align: center"><FONT STYLE="font-size: 8pt"><B>(Exact
Name of Registrant as Specified in Charter)</B></FONT></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.8pt 0 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 11pt">M<B>aryland</B></FONT></TD>
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-size: 11pt"><B>No. 333-185640</B></FONT></TD>
    <TD STYLE="width: 33%; text-align: center"><FONT STYLE="font-size: 11pt"><B>No. 90-0916682</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt; letter-spacing: -0.2pt"><B>(State or Other Jurisdiction</B></FONT><B><FONT STYLE="font-size: 8pt"><BR>
    <FONT STYLE="letter-spacing: -0.2pt">of Incorporation)</FONT></FONT></B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>(Commission File Number)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 8pt"><B>(IRS Employer<BR>
    Identification No.)</B></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.8pt 0 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.8pt 0 0; text-align: center"><B>399 Park Avenue, 18th Floor, New
York, New York 10022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt; letter-spacing: -0.2pt">(Address
of Principal Executive Offices) (Zip Code)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Registrant&rsquo;s telephone number, including
area code: (212)&nbsp;547-2600<BR>
<BR>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Not applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 16.2pt; text-align: center"><FONT STYLE="font-size: 8pt">(Former
Name or Former Address, if Changed Since Last Report)</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.2in 0.25in 0.1in 0">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant <FONT STYLE="font: 10pt Times New Roman, Times, Serif">under
any of the following provisions (<I>see </I>General Instruction A.2. below):</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">o
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">o
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">o
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0 0.5in; text-align: justify; text-indent: -0.25in"><FONT STYLE="font-family: Wingdings">o
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.8pt 0 0; text-align: center"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 1.01. Entry into a Material Definitive Agreement.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On September 18, 2013 (the &ldquo;Closing Date&rdquo;),
NorthStar Real Estate Income II, Inc. (&ldquo;NorthStar Income II&rdquo;), through a subsidiary, purchased a $2.0 million pari
passu participation interest (the &ldquo;Participation&rdquo;) in a $25.5 million senior loan (the &ldquo;Senior Loan&rdquo;) from
an affiliate of NorthStar Realty Finance Corp., NorthStar Income II&rsquo;s sponsor (the &ldquo;Sponsor&rdquo;). The Senior Loan
is secured by a 264-unit, class-A multifamily property (the &ldquo;Property&rdquo;) located in Savannah, Georgia. NorthStar Income
II funded the Participation with proceeds from its continuous initial public offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Senior Loan was originated on August 22,
2013 by an affiliate of the Sponsor. The Participation was purchased at the Sponsor&rsquo;s cost basis and was approved by NorthStar
Income II&rsquo;s board of directors, including the independent directors, in accordance with NorthStar Income II&rsquo;s conflict
of interest policy. In connection with the purchase, NorthStar Income II and the Sponsor entered into a participation agreement
which, among other things, provides that the Participation has equal security and priority with the Senior Loan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Property securing the Senior Loan was constructed
in 2009 and is located approximately 10 miles from downtown Savannah, in close proximity to major transportation routes and regional
employers. The borrower (the &ldquo;Borrower&rdquo;) and its affiliates have extensive commercial real estate experience, and currently
own and manage over 8,900 multifamily units throughout the southeastern United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Senior Loan bears interest at a floating
rate of 6.30% over the one-month London Interbank Offered Rate (the &ldquo;LIBOR Rate&rdquo;), but at no point shall the LIBOR
Rate be less than 0.25%, resulting in a minimum interest rate of 6.55% per annum. NorthStar Income II will earn a fee equal to
1.0% of the outstanding principal amount of the Participation at the time of repayment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The initial term of the Senior Loan is 36 months,
with two one-year extension options available to the Borrower, subject to the satisfaction of certain performance tests and the
Borrower paying a fee equal to (i) 0.25% of the amount being extended for the first extension option, and (ii) 0.50% of the amount
being extended for the second extension option. The Senior Loan may be prepaid at any time during the first 18 months, provided
the Borrower pays an amount equal to the greater of (i) the remaining interest due on the amount prepaid through month 18 and (ii)
1.0% of the amount prepaid. Thereafter, the Senior Loan may be prepaid in whole or in part without penalty. NorthStar Income II
will receive its pro rata share of any extension or prepayment fees paid by the Borrower.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Property&rsquo;s loan-to-value ratio (&ldquo;LTV
Ratio&rdquo;) is approximately 83%. The LTV Ratio is the amount loaned to the Borrower net of reserves funded and controlled by
NorthStar Income II and its affiliates, if any, over the current appraised value of the Property as of August 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 7.01. Regulation FD Disclosure.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>Satisfaction of Minimum Offering Amount</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On September 18, 2013, following the
authorization of NorthStar Income II&rsquo;s board of directors, NorthStar Income II satisfied the minimum offering amount in
its continuous initial public offering (the &ldquo;Offering&rdquo;) of up to $1.65 billion in shares of its common stock (the
&ldquo;Shares&rdquo;) as a result of the purchase of $2.0 million in Shares by an affiliate of the Sponsor, for $9.00 per
share (reflecting that no selling commissions or dealer manager fees were paid) (the &ldquo;Initial Purchase&rdquo;).
Following the Initial Purchase and authorization of NorthStar Income II&rsquo;s board of directors, NorthStar Income
II&rsquo;s escrow agent released all of the offering proceeds in the escrow account. NorthStar Income II&rsquo;s primary
Offering is expected to terminate on May 6, 2015, unless extended by NorthStar Income II&rsquo;s board of directors as
permitted under applicable law and regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 8.01. Other Events.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On September 18, 2013, NorthStar Income II&rsquo;s
board of directors declared cash distributions of $0.001917808 per day per share of common stock for the period commencing on the
Closing Date through December 31, 2013. Distributions will be paid monthly to stockholders of record during the relevant period.
Stockholders may choose to receive their distributions in cash or apply them to the purchase of additional shares through NorthStar
Income II&rsquo;s distribution reinvestment plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Safe Harbor Statement </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="color: black">This Current Report
on Form 8-K contains certain &ldquo;forward-looking statements&rdquo; within the meaning of the Private Securities Litigation Reform
Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements are generally identifiable by use of forward-looking terminology such as &ldquo;will,&rdquo;
&ldquo;expects&rdquo; &ldquo;intends&rdquo; or other similar words or expressions.</FONT> These statements are based on NorthStar
Income II&rsquo;s current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual
results to differ materially from those described in the forward looking statements; NorthStar Income II can give no assurance
that its expectations will be attained. Forward-looking statements are necessarily speculative in nature, and it can be expected
that some or all of the assumptions underlying any forward-looking statements will not materialize or will vary significantly from
actual results. Variations of assumptions and results may be material. Factors that could cause actual results to differ materially
from NorthStar Income II&rsquo;s expectations include, but are not limited to, NorthStar Income II&rsquo;s ability to effect its
business plan following the release of funds from escrow, <FONT STYLE="color: black; background-color: white">the ability of the
Borrower to effectively manage the Property, the ability of the Borrower to comply with the terms of the Senior Loan, whether the
Borrower determines to extend the Senior Loan, changes in market rates for multifamily properties located in Savannah, Georgia,
future property values, the impact of any losses on cash flows and returns, property level cash flows, </FONT>changes in economic
conditions generally and the real estate and debt markets specifically, availability of capital, the ability to achieve targeted
returns, generally accepted accounting principles, policies and rules applicable to REITs and the factors specified in NorthStar
Income II&rsquo;s filings with the Securities and Exchange Commission. The foregoing list of factors is not exhaustive.
All forward-looking statements included in this Current Report on Form 8-K are based upon information available to NorthStar Income
II on the date hereof and NorthStar Income II is under no duty to update any of the forward-looking statements after the date of
this report to conform these statements to actual results.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td></td>
    <td colspan="2"><font style="font: 10pt Times New Roman, Times, Serif"><b>NorthStar Real Estate Income II, Inc.</b></font></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"></td></tr>
<tr style="vertical-align: top">
    <td>&nbsp;</td>
    <td colspan="2"></td></tr>
<tr style="vertical-align: top">
    <td style="width: 51%"><font style="font: 10pt Times New Roman, Times, Serif">Date: September 19, 2013</font></td>
    <td style="width: 4%"><font style="font: 10pt Times New Roman, Times, Serif">By:</font></td>
    <td style="width: 45%; border-bottom: windowtext 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">/s/ Ronald J. Lieberman</font></td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Ronald J. Lieberman</font></td></tr>
<tr style="vertical-align: top">
    <td></td>
    <td></td>
    <td><font style="font: 10pt Times New Roman, Times, Serif">Executive Vice President, General Counsel and Secretary </font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

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{"company-data": {"conformed-name": "NorthStar Real Estate Income II, Inc.", "cik": "0001564657", "assigned-sic": "6798", "irs-number": "900916682", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-185640", "film-number": "131106062"}, "business-address": {"street1": "399 PARK AVENUE", "street2": "18TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "2125472600"}, "mail-address": {"street1": "399 PARK AVENUE", "street2": "18TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}}
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities
Exchange Act of 1934
Date of report (Date of earliest
event reported):
September 18, 2013
NorthStar
Real Estate Income II, Inc.
(Exact
Name of Registrant as Specified in Charter)
M
aryland
No. 333-185640
No. 90-0916682
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
399 Park Avenue, 18th Floor, New
York, New York 10022
(Address
of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including
area code: (212) 547-2600
Not applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under
any of the following provisions (
see
General Instruction A.2. below):
o
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
On September 18, 2013 (the "Closing Date"),
NorthStar Real Estate Income II, Inc. ("NorthStar Income II"), through a subsidiary, purchased a $2.0 million pari
passu participation interest (the "Participation") in a $25.5 million senior loan (the "Senior Loan") from
an affiliate of NorthStar Realty Finance Corp., NorthStar Income II's sponsor (the "Sponsor"). The Senior Loan
is secured by a 264-unit, class-A multifamily property (the "Property") located in Savannah, Georgia. NorthStar Income
II funded the Participation with proceeds from its continuous initial public offering.
The Senior Loan was originated on August 22,
2013 by an affiliate of the Sponsor. The Participation was purchased at the Sponsor's cost basis and was approved by NorthStar
Income II's board of directors, including the independent directors, in accordance with NorthStar Income II's conflict
of interest policy. In connection with the purchase, NorthStar Income II and the Sponsor entered into a participation agreement
which, among other things, provides that the Participation has equal security and priority with the Senior Loan.
The Property securing the Senior Loan was constructed
in 2009 and is located approximately 10 miles from downtown Savannah, in close proximity to major transportation routes and regional
employers. The borrower (the "Borrower") and its affiliates have extensive commercial real estate experience, and currently
own and manage over 8,900 multifamily units throughout the southeastern United States.
The Senior Loan bears interest at a floating
rate of 6.30% over the one-month London Interbank Offered Rate (the "LIBOR Rate"), but at no point shall the LIBOR
Rate be less than 0.25%, resulting in a minimum interest rate of 6.55% per annum. NorthStar Income II will earn a fee equal to
1.0% of the outstanding principal amount of the Participation at the time of repayment.
The initial term of the Senior Loan is 36 months,
with two one-year extension options available to the Borrower, subject to the satisfaction of certain performance tests and the
Borrower paying a fee equal to (i) 0.25% of the amount being extended for the first extension option, and (ii) 0.50% of the amount
being extended for the second extension option. The Senior Loan may be prepaid at any time during the first 18 months, provided
the Borrower pays an amount equal to the greater of (i) the remaining interest due on the amount prepaid through month 18 and (ii)
1.0% of the amount prepaid. Thereafter, the Senior Loan may be prepaid in whole or in part without penalty. NorthStar Income II
will receive its pro rata share of any extension or prepayment fees paid by the Borrower.
The Property's loan-to-value ratio ("LTV
Ratio") is approximately 83%. The LTV Ratio is the amount loaned to the Borrower net of reserves funded and controlled by
NorthStar Income II and its affiliates, if any, over the current appraised value of the Property as of August 2013.
Item 7.01. Regulation FD Disclosure.
Satisfaction of Minimum Offering Amount
On September 18, 2013, following the
authorization of NorthStar Income II's board of directors, NorthStar Income II satisfied the minimum offering amount in
its continuous initial public offering (the "Offering") of up to $1.65 billion in shares of its common stock (the
"Shares") as a result of the purchase of $2.0 million in Shares by an affiliate of the Sponsor, for $9.00 per
share (reflecting that no selling commissions or dealer manager fees were paid) (the "Initial Purchase").
Following the Initial Purchase and authorization of NorthStar Income II's board of directors, NorthStar Income
II's escrow agent released all of the offering proceeds in the escrow account. NorthStar Income II's primary
Offering is expected to terminate on May 6, 2015, unless extended by NorthStar Income II's board of directors as
permitted under applicable law and regulations.
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Item 8.01. Other Events.
On September 18, 2013, NorthStar Income II's
board of directors declared cash distributions of $0.001917808 per day per share of common stock for the period commencing on the
Closing Date through December 31, 2013. Distributions will be paid monthly to stockholders of record during the relevant period.
Stockholders may choose to receive their distributions in cash or apply them to the purchase of additional shares through NorthStar
Income II's distribution reinvestment plan.
Safe Harbor Statement
This Current Report
on Form 8-K contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform
Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements are generally identifiable by use of forward-looking terminology such as "will,"
"expects" "intends" or other similar words or expressions.
These statements are based on NorthStar
Income II's current expectations and beliefs and are subject to a number of trends and uncertainties that could cause actual
results to differ materially from those described in the forward looking statements; NorthStar Income II can give no assurance
that its expectations will be attained. Forward-looking statements are necessarily speculative in nature, and it can be expected
that some or all of the assumptions underlying any forward-looking statements will not materialize or will vary significantly from
actual results. Variations of assumptions and results may be material. Factors that could cause actual results to differ materially
from NorthStar Income II's expectations include, but are not limited to, NorthStar Income II's ability to effect its
business plan following the release of funds from escrow,
the ability of the
Borrower to effectively manage the Property, the ability of the Borrower to comply with the terms of the Senior Loan, whether the
Borrower determines to extend the Senior Loan, changes in market rates for multifamily properties located in Savannah, Georgia,
future property values, the impact of any losses on cash flows and returns, property level cash flows,
changes in economic
conditions generally and the real estate and debt markets specifically, availability of capital, the ability to achieve targeted
returns, generally accepted accounting principles, policies and rules applicable to REITs and the factors specified in NorthStar
Income II's filings with the Securities and Exchange Commission. The foregoing list of factors is not exhaustive.
All forward-looking statements included in this Current Report on Form 8-K are based upon information available to NorthStar Income
II on the date hereof and NorthStar Income II is under no duty to update any of the forward-looking statements after the date of
this report to conform these statements to actual results.
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SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
NorthStar Real Estate Income II, Inc.
Date: September 19, 2013
By:
/s/ Ronald J. Lieberman
Ronald J. Lieberman
Executive Vice President, General Counsel and Secretary
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