Barrack’s Colony Capital to Combine With Two NorthStar Firms

Updated on
  • Colony CEO will run new company; Barrack will be chairman
  • Newly formed REIT will have $58 billion under management

Tom Barrack’s Colony Capital Inc. said it’s combining with NorthStar Realty Finance Corp. and NorthStar Asset Management Group Inc. in an all-stock deal to form a real estate investment trust with $58 billion of assets under management.

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