Colony Capital Announces Sale of Other Equity Debt (OED) Portfolio
BOCA RATON, Fla.--(BUSINESS WIRE)--Colony Capital, Inc. (NYSE: CLNY) (Colony or the Company), a leading global digital infrastructure REIT, today announced it has reached an agreement to sell the bulk of its OED portfolio of real estate assets to Fortress Investment Group LLC (Fortress) a leading, diversified global investment manager, for gross proceeds of $535 million (the OED Portfolio Sale). The OED Portfolio Sale proceeds are in line with the net equity carrying value of the underl
Colony Capital Announces Sale of Other Equity Debt (OED) Portfolio
BOCA RATON, Fla.--(BUSINESS WIRE)--Colony Capital, Inc. (NYSE: CLNY) (Colony or the Company), a leading global digital infrastructure REIT, today announced it has reached an agreement to sell the bulk of its OED portfolio of real estate assets to Fortress Investment Group LLC (Fortress) a leading, diversified global investment manager, for gross proceeds of $535 million (the OED Portfolio Sale). The OED Portfolio Sale proceeds are in line with the net equity carrying value of the underl