Colony NorthStar Credit Real Estate (CLNC) began trading on 2/1 following the merger of two private REITs (NorthStar Real Estate Income 1 and 2) and a portfolio of assets contributed by Colony NorthStar (CLNS). Additional details of the transaction are described in the 2/1 press release and merger proxy. So far the company has not stimulated enough buying interest to meet the pent-up selling pressure from investors who held the previously non-tradable NorthStar REITs. No new shares were offered at the time of listing so no underwriter promoted the company