Tom Barrack has buyer’s remorse over Colony Capital’s merger with NorthStar; looks to shed distressed assets

Three years later, Tom Barrack has buyer’s remorse. As his firm, Colony Capital, embarks on a $325 million venture into digital infrastructure, it first needs to offload much of its real estate portfolio from its disastrous merger with NorthStar Realty Finance Corp. Share value of the Los Angeles-based Colony still hasn’t fully recovered from that 2016 deal. Barrack and other Colony execs have acknowledged they misstepped when they closed the $19.9 billion all-stock transaction for […]

source https://therealdeal.com/2019/09/18/tom-barrack-has-buyers-remorse-over-colony-capitals-merger-with-northstar-looks-to-shed-distressed-assets/