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Colony Capital Announces Completion of Colony Credit Real Estate Internalization
Previously Announced Transaction Advances CLNY Rotation to Digital Assets
Colony Capital Received Proceeds of
Colony Capitalreceived proceeds of $102.3 million, which are available to be redeployed into high-quality digital assets, in accordance with the Company’s strategic plan.
- The Company transferred 44 employees to CLNC and finalized a five-month transition services agreement which will allow for a seamless transition of all critical functions.
“We are pleased to complete this transaction,” said
Additional details regarding the internalization and related matters will be contained in a Current Report on Form 8-K filed by the Company with the
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 might cause such a difference include, without limitation, the Company’s ability to continue to execute its digital transformation and other risks and uncertainties, including those detailed in
The forward-looking statements speak only as of the date of this press release.
Managing Director, Head of Public Investor Relations