Deals
Fortress In Talks to Buy Colony Capital’s Non-Core Assets
- Wellness includes senior housing, skilled nursing, hospitals
- Colony, under CEO Ganzi, is pivoting toward digital holdings
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Fortress Investment Group LLC is in talks to acquire assets from Colony Capital Inc., according to people with knowledge of the matter, as the real estate investment trust accelerates its pivot toward digital infrastructure holdings.
The companies are discussing a transaction that includes Colony’s wellness infrastructure portfolio, which it previously referred to as health care, said the people, who asked not to be identified because the talks are private. The wellness real estate was valued at about $3.3 billion at Dec. 31, and the unit has $2.7 billion of net debt, according to filings.