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Colony NorthStar Closes on $58B Merger

LOS ANGELES and NEW YORK CITY—The equity REIT resulting from the three-way merger has an equity market cap of about $9 billion and AUM of $58 billion.

By Paul Bubny | paulbubny | Updated on January 11, 2017

Colony Capital chairman Thomas Barrack Barracks calls the merger a milestone in achieving “our collective long-term strategy of building a leading global real estate business.” (Photo courtesy of USC)

LOS ANGELES and NEW YORK CITY—The merger among Colony Capital Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. is now complete. The equity REIT resulting from the union that was completed on Tuesday, Colony NorthStar Inc., has an equity market capitalization of approximately $9 billion and assets under management of $58 billion.

“The closing of this transformative transaction represents a milestone in our collective long-term strategy of building a leading global real estate business focused on a core set of real estate verticals in addition to a top-tier institutional and retail investment management business,” says executive chairman Thomas J. Barrack Jr. Adds David Hamamoto, executive vice chairman, “This partnership benefits Colony NorthStar’s combined stockholders with an even stronger value proposition through enhanced relationships, substantial efficiencies and synergies and greater scale in established, durable real estate and investment management businesses with broad-based capital access and investment opportunities.”

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