CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
Assets
Cash	$ 97,729	$ 119,595
Restricted cash	123,585	223,002
Real estate debt investments, net	1,259,805	1,074,773
Real estate debt investments, held for sale	0	17,500
Investments in unconsolidated ventures (refer to Note 4)	196,810	156,616
Operating real estate, net	167,498	125,168
Real estate securities, available for sale	70,500	66,450
Receivables, net	8,596	30,500
Deferred costs and other assets, net	13,288	17,500
Total assets	1,937,811	1,831,104
Liabilities
Securitization bonds payable	482,499	506,929
Mortgage notes payable	131,603	102,500
Credit facilities	169,283	28,323
Due to related party	0	3,076
Accounts payable and accrued expenses	7,551	3,843
Escrow deposits payable	115,199	172,623
Other liabilities	8,891	8,585
Total liabilities	915,026	825,879
NorthStar Real Estate Income Trust, Inc. Stockholders’ Equity
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2014 and December 31, 2013	0	0
Common stock, $0.01 par value, 400,000,000 shares authorized, 116,348,838 and 114,536,134 shares issued and outstanding as of June 30, 2014 and December 31, 2013, respectively	1,163	1,145
Additional paid-in capital	1,036,510	1,019,348
Retained earnings (accumulated deficit)	(38,576)	(32,886)
Accumulated other comprehensive income (loss)	16,490	13,044
Total NorthStar Real Estate Income Trust, Inc. stockholders’ equity	1,015,587	1,000,651
Non-controlling interests	7,198	4,574
Total equity	1,022,785	1,005,225
Total liabilities and equity	$ 1,937,811	$ 1,831,104