NorthStar Life Services Opens New Office Building in Texas
NorthStar Life Services, LLC, a full-service life settlement advisory firm that assists institutional and private investors with each stage of the life settlement investment cycle, has opened a new 4,000 square-foot office building in Texas to accommodate its staff in the region.
NorthStar has enjoyed significant growth in recent years as it has expanded its presence as a provider of services to investors in life insurance policies. Earlier this month, the company assumed responsibility for servicing the life settlements portfolio on behalf of the Waco, Texas-based Life Partners Inc. Position Holder Trust (LPI (News - Alert) PHT). NorthStar's new office will serve as the primary location for staff members who are managing that work and it will also serve as a hub to support the company's efforts to expand its footprint in the life settlements industry.
The new building is located at 15130 Badger Ranch Blvd. in Woodway, Texas, which is near Waco and approximately halfway betwen Dallas and Austin. It is part of an office complex next to The Outlook at Bosque Ridge, a major mixed-use development in Woodway.
Over the past several months, NorthStar has built out state-of-the-art IT infrastructure for the LPI PHT, developed world-class customer service protocols and transitioned key staff members who are now providing accounting services for the servicing of the LPI PHT portfolio. The Woodway building has room to accommodate 30 staff members to support NorthStar's services for additional clients and other new business initiatives in the life settlement industry.
"We are thrilled to move into this new building and are confident that it will provide comfortable working space for our valued employees in Texas," said John McFarland, chief executive officer of NorthStar Life Services. "Our team of dedicated professionals in Woodway is up and running, ensuring that LPI PHT shareholders are able to easily access up-to-date reporting information regarding their investments and quickly obtain answers to their questions from live customer service professionals. In the coming months and years, we plan to build on this foundation to expand the scope of work we do in the life settlement industry from our Texas office location."
About NorthStar Life Services
NorthStar Life Services, LLC offers a full range of premier services to institutional and private investors in life insurance policies, providing assistance at each stage of the life settlement investment cycle. The firm manages every transaction and portfolio with a personalized solution that considers the investor's goals, budgetary requirements and risk tolerance in order to construct a strategy designed to maximize investment returns. For more information, please visit www.northstarlife.com.