NorthStar RXR | Marketing Materials

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RXR Realty LLC (RXR Realty) is the co-sponsor of NorthStar/RXR New York Metro Real Estate, Inc. (NorthStar/RXR).

RXR Realty’s management team averages 28 years of experience with a singular focus on investing in commercial

real estate in the New York metropolitan area. RXR Realty leverages its local market knowledge and long-standing

relationships to identify and execute investments that aim to generate value for investors through various market cycles.

RXR Realty Leadership

1) As of June 30, 2017. Gross estimated asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners as well as leverage. *The members of the RXR Realty leadership team face conflicts of interest relating to their obligations to other RXR Realty affiliated entities.

The RXR Realty leadership team featured here is not employed by the issuer, NorthStar/RXR* Scott Rechler

Chief Executive Officer & Chairman RXR Realty

Experience: 28 years leading real estate investment activities in the New York Tri-State area delivering results for institutional investors and shareholders.

Focus:Leading RXR Realty’s growth as a premier New York-based real estate company with a $15.7 billion portfolio comprised of 74 commercial real estate properties and investments containing approximately 22 million square feet.1 Career Highlights

• Ranked #4 in Commercial Observer’s 2017 Power 100 List.

• Previously served in various roles at Reckson, most recently as CEO and Chairman of the Board during its dynamic growth throughout New York City, Long Island, New Jersey, Westchester and Connecticut. He played an integral role in Reckson’s IPO in 1995 and subsequent sale to SL Green in 2007.

Professional Affiliations & Community Involvement

• Regional Plan Association, Chairman. • Real Estate Board of New York, member. • Real Estate Roundtable, Co-Chair of its Political

Action Committee.

• Co-founder and former member of the Board of American Campus Communities, Inc. (NYSE: ACC), one of the nation’s largest developers, owners and managers of high-quality student housing communities. • Metropolitan Transportation Authority, board member;

nominated by Governor Andrew Cuomo and conirmed by the New York State senate.

Michael Maturo President & Chief Financial Officer RXR Realty

Experience:32 years developing and implementing corporate and operating strategies, investment functions and capital allocation.

Focus:RXR Realty’s corporate strategy and investment management businesses as well as all capital markets activities.

Career Highlights

• Previously served as President, CFO and member of the Board at Reckson where he was responsible for Reckson’s Capital Markets and Finance. During his tenure at Reckson he completed over $21 billion in capital markets transactions.

• Prior to joining Reckson he was a senior manager with EY Kenneth Leventhal Real Estate Group.

• Long Island Association (LIA), Vice Chairman of the Board, member of Executive Committee.

• Diocese of Rockville Centre Pension Plan, Investment Committee.

• Catholic Foundation of Diocese of Rockville Centre, Chairman of the Board.

• Real Estate Roundtable, member.

Jason Barnett Vice Chairman, General Counsel & Secretary RXR Realty

Experience: 24 years of capital markets experience in both public company and private fund structures and overseeing corporate and compliance related matters.

Focus:All legal and compliance matters and RXR Realty’s transactional activities and corporate initiatives.

Career Highlights

• Previously served in several capacities at Reckson where he was integrally involved in the structuring and execution of approximately $21 billion of acquisitions, inancings and capital market transactions.

• Prior to joining Reckson, he practiced in the corporate and securities department of Sidley Austin Brown & Wood, LLP, focused on capital markets and real estate investment trusts.

• American Bar Association, member. • Real Estate Board of New York, member. • National Association of Real Estate Investment

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PERFORMANCE

RXR Realty’s unique combination of real estate acumen and inancial and legal sophistication has powered its ability to perform through various market cycles.

THOUGHTFUL PLANNING

As a market leader in transformative development, RXR Realty underscores its projects with thoughtful environmental design and sustainability to improve the workplace and lifestyle experience.

HISTORICAL RESPONSIBILITY

RXR Realty respects the heritage and historical responsibility of its landmark properties while creating 21st_{century workplaces for the most}

discerning businesses.

ESTABLISHED REPUTATION

RXR Realty’s success is based on the expertise of its multi-disciplined management team and ability to execute on the most sought-after, complex transactions.

LOCAL MARKET EXPERTISE

Recognizing key trends and opportunities is an RXR Realty hallmark. The foundation of RXR Realty’s new urbanism projects lies in the understanding of regional dynamics and demographics furthered by RXR Realty’s connectivity to its communities.

RXR Realty’s operating platform manages 74 commercial real estate properties and investments with an aggregate gross asset

value of approximately $15.7 billion, comprising approximately 22.1 million square feet of commercial operating properties and

approximately 5,200 multi-family and for sale units under active development in the New York metropolitan area.

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1) As of June 30, 2017. Gross estimated asset value compiled by RXR Realty in accordance with company fair value measurement policy and is comprised of capital invested by RXR and its partners as well as leverage. The performance of RXR Realty is not indicative of the performance of NorthStar/RXR. RXR Realty and NorthStar/RXR are separate companies. An investor purchasing shares in NorthStar/RXR’s public offering is making an investment in NorthStar/RXR, not in RXR Realty. NorthStar/RXR’s investments may be adversely affected by economic cycles and risks inherent to the New York metropolitan area, especially New York City, and to risks inherent in geographic concentrations. In addition, an investment in NorthStar/RXR involves signiicant risks, including: (1) lack of liquidity and no assurance of liquidity event; (2) no assurance investment objectives will be achieved; (3) risks related to investments in real estate; (4) distributions have been paid and may continue to be paid from sources other than cash low from operations, which may reduce an investor’s return, and are not guaranteed; (5) substantial fees to be paid to the afiliates that were not determined on an arm’s length basis; and (6) other risks described in the prospectus. The photo above is of the New York City skyline and does not represent an investment in NorthStar/RXR. This sales and advertising literature is neither an offer to sell nor a solicitation of an offer to buy securities. An offering is made only by the prospectus.

This literature must be read in conjunction with the prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering. No offering is made except by a prospectus iled with the Department of Law of the State of New York. Neither the Securities and Exchange Commission, the Attorney General of the State of New York nor any other state securities regulator has approved or disapproved of our common stock, determined if the prospectus is truthful or complete or passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense. Securities offered through NorthStar Securities, LLC, member FINRA/SIPC, an afiliate of and the dealer manager for NorthStar/RXR. NorthStar Securities, LLC is doing business as NorthStar BD Securities, LLC (DE) in the following states: FL, GA, TX and WA.