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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 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., GlobeSt reports. Colony acquired a 40% stake in a newly created entity, to which the Federal Deposit Insurance Corporation contributed the loan portfolio.

The regulator retains the remaining 60% interest. Washington, DC-based shareholder Tom Galli of the law firm Greenberg Traurig represented Santa Monica-based Colony Capital on the transaction.

Click her for the story from GlobeSt.

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