Jan
12
Record-Breaking Colony-NorthStar Merger Closes
ByThe real estate and investment management company has $58 billion in assets under management.
Thomas Barrack Jr.
Los Angeles and New York—Colony NorthStar Inc. has been born, the completion of the merger of Colony Capital Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. having been announced late Tuesday by the new company. The merger reportedly was the largest CRE merger of 2016.
Colony NorthStar has an equity market capitalization of about $9 billion and assets under management of $58 billion. It manages capital on behalf of its stockholders, institutional and retail investors in private funds and non-traded and traded CRE investment trusts and 1940 Act companies…