Colony NorthStar, Inc. Completes Name Change to Colony Capital, Inc.
25 Junio 2018 - 8:00AM
Business Wire
Colony NorthStar Credit Real Estate, Inc.
Completes Name Change to Colony Credit Real Estate,
Inc.
Colony NorthStar, Inc. (the “Company”) (NYSE:CLNS) today
announced that it has completed its name change to Colony Capital,
Inc. effective today. As part of the name change, the Company is
now publicly traded on the New York Stock Exchange under the new
ticker symbol “CLNY” and the company’s website address has been
changed to www.clny.com.
Colony NorthStar Credit Real Estate, Inc. (NYSE: CLNC) also
announced that it has completed its name change to Colony Credit
Real Estate, Inc. Its ticker symbol and website address remain the
same, as “CLNC” and www.clncredit.com, respectively.
Colony Capital was founded in 1991 by Thomas J. Barrack, Jr. as
a global diversified real estate investment manager which created a
business that combined the best of an entrepreneurial spirit with
institutional best practices and risk management. The firm came
public through a combination transaction with Colony Financial,
Inc. in 2015 and then scaled considerably more through its merger
with the NorthStar companies in early 2017 to create Colony
NorthStar, Inc. The name change to Colony Capital, Inc. reflects
the Company’s renewed emphasis of its founding principles, as the
Company continues to grow its broader based investment management
business, while simultaneously monetizing non-core assets and
modestly shrinking the balance sheet through securities repurchases
and deleveraging.
About Colony Capital, Inc.
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment
management firm with assets under management of $43 billion. The
company manages capital on behalf of its stockholders, as well as
institutional and retail investors in private funds, non-traded and
traded real estate investment trusts and registered investment
companies. Colony Capital has significant holdings in: (a) the
healthcare, industrial and hospitality property sectors; (b) Colony
Credit Real Estate, Inc. (NYSE: CLNC) and NorthStar Realty Europe
Corp. (NYSE: NRE), which are both externally managed by
subsidiaries of Colony Capital; and (c) various other equity and
debt investments. Colony Capital is headquartered in Los
Angeles with over 400 employees in offices located across 18 cities
in ten countries. For additional information regarding the Company
and its management and business, please refer
to www.clny.com.
About Colony Credit Real Estate, Inc.
Colony Credit Real Estate, Inc. (NYSE: CLNC) is one of the
largest publicly traded commercial real estate (CRE) credit REITs,
focused on originating, acquiring, financing and managing a
diversified portfolio consisting primarily of CRE senior mortgage
loans, mezzanine loans, preferred equity, debt securities and net
leased properties predominantly in the United States. Colony Credit
Real Estate is externally managed by a subsidiary of leading global
investment management firm, Colony Capital, Inc. Colony Credit Real
Estate is organized as a Maryland corporation that intends to elect
to be taxed as a REIT for U.S. federal income tax purposes for its
taxable year ending December 31, 2018. For additional information
regarding the Company and its management and business, please refer
to www.clncredit.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “may,” “will,” “should,”
“expects,” “intends,” “plans,” “anticipates,” “believes,”
“estimates,” “predicts,” or “potential” or the negative of these
words and phrases or similar words or phrases which are predictions
of or indicate future events or trends and which do not relate
solely to historical matters. Forward-looking statements involve
known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that could cause actual results
to differ materially from Colony Capital, Inc.’s or Colony Credit
Real Estate, Inc.’s expectations include, but are not limited to,
Colony Capital, Inc.’s ability to grow its broader based investment
management business while simultaneously monetizing non-core assets
and modestly shrinking the balance sheet through securities
repurchases and deleveraging, the timing, amount and manner of
securities repurchases, if any, the average portion of equity
Colony Capital, Inc. will own in its managed portfolio, the
benefits of public company scale and a significant balance sheet,
Colony Capital, Inc.’s ability to identify and strategically
position platforms around compelling global opportunities and the
composition and breadth of its managed portfolio, any adverse
changes in the financial health or otherwise of Colony Capital,
Inc. that, as external manager, could hinder Colony Credit Real
Estate, Inc.’s operating performance and return on stockholder’s
investment, the ability to realize substantial efficiencies as well
as anticipated strategic and financial benefits, and the impact of
legislative, regulatory and competitive changes. Additional
information about these and other factors can be found in Colony
Capital, Inc.’s and Colony Credit Real Estate, Inc.’s, as
applicable, reports filed from time to time with the Securities and
Exchange Commission.
Colony Capital, Inc. and Colony Credit Real Estate, Inc. each
caution their respective investors not to unduly rely on any
forward-looking statements. The forward-looking statements speak
only as of the date of this press release. Each of Colony Capital,
Inc. and Colony Credit Real Estate, Inc. are under no duty to
update any of these forward-looking statements after the date of
this press release, nor to conform prior statements to actual
results or revised expectations, and neither Colony Capital, Inc.
nor Colony Credit Real Estate, Inc. intend to do so.
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version on businesswire.com: https://www.businesswire.com/news/home/20180625005240/en/
Media Contact:Blicksilver PRKristin Celauro,
735-433-5200orInvestor Contact:Addo Investor RelationsLasse
Glassen, 310-829-5400
Colony NorthStar, Inc. (NYSE:CLNS)
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