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Colony Buys $607M Loan Portfolio Stake
Colony Capital has obtained a controlling stake in a $607 million portfolio of 760 loans, secured by commercial real estate in 25 states in the U.S.
Colony Capitalhas obtained a controlling stake in a $607 million portfolio of 760 loans, secured by commercial real estate in 25 states in the U.S.,GlobeStreports. Colony acquired a 40% stake in a newly created entity, to which theFederal Deposit Insurance Corporation贷款投资组合。
The regulator retains the remaining 60% interest. Washington, DC-based shareholderTom Galliof the law firmGreenberg Traurigrepresented Santa Monica-based Colony Capital on the transaction.
Click her for the story fromGlobeSt.