Pursuits

Barrack, Lender to Stars, Skips Drama for Mortgage Debt

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By David Carey

July 10, 2015 at 9:00 AM UTC

Tom Barrack says he’s done with drama.

The real estate mogul is the brains and spirit behind a decision in 2008 to use his private equity firm, Colony Capital Inc., to take over Michael Jackson’s Neverland estate for $23.5 million in debt. Barrack has put it back on the market -- for a cool $100 million.