News
Three-Way Merger Creates $58B REIT
June 03, 2016
Colony Capital has inked a deal to merge with NorthStar Asset Management and NorthStar Realty Finance to form a new REIT called Colony NorthStar, which will have a total of $58B assets under management.
Colony Capital founder and chair Thomas Barrack said a major goal of the merger is to create a more competitive company in the marketplace, Private Equity Real Estate News reports.
