July 26, 2019
Exit Plan: Thomas Barrack Jr. will remain involved with Colony Capital as the firm’s executive chairman.
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Most of the properties included in the sale are in California, Dallas, Atlanta, Florida and northern New Jersey.
FINANCE: Investment firm will sell assets, shift strategy
INVESTORS After missteps, Colony Capital Inc. is selling assets and overhauling its strategy in a turnaround effort.
Colony Capital Inc., a downtown-based real estate investment firm undergoing a difficult turnaround following its acquisition of NorthStar asset management and realty finance in early 2017, saw wider losses in its second quarter.
FINANCE: Firm announces $800M worth of investments in energy, communications
Thomas Barrack steps aside as Colony Capital makes major investments.