CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Net interest income
Interest income	$ 16,191	$ 4,708	$ 28,858	$ 7,272
Interest expense	3,263	363	5,801	614
Net interest income	12,928	4,345	23,057	6,658
Expenses
Advisory fees - related party	2,765	511	6,188	818
Transaction costs	687		994
General and administrative expenses	2,346	895	4,038	1,394
Total expenses	5,798	1,406	11,220	2,212
Income (loss) from operations	7,130	2,939	11,837	4,446
Equity in earnings (losses) of unconsolidated ventures	5,827		9,042
Realized gain (loss) on investments and other		3,028		3,028
Unrealized gain (loss) on investments and other		(2,959)		(2,457)
Net income (loss)	12,957	3,008	20,879	5,017
Less: net (income) loss attributable to non-controlling interests	0	0	0	0
Net income (loss) attributable to NorthStar Real Estate Income Trust, Inc. common stockholders	$ 12,957	$ 3,008	$ 20,879	$ 5,017
Net income (loss) per share of common stock, basic / diluted (in dollars per share)	$ 0.14	$ 0.11	$ 0.26	$ 0.21
Weighted average number of shares of common stock outstanding, basic / diluted (in shares)	94,726	28,285	81,620	23,918
Distributions declared per share of common stock (in dollars per share)	$ 0.20	$ 0.20	$ 0.40	$ 0.40