Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors that purchased Colony Capital, Inc. (NYSE: CLNY) securities between August 9, 2019 and May 7, 2020 (the "Class Period"). Investors have until July 27, 2020 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The Law Offices of Frank R. Cruz announces an investigation on behalf of Colony Capital, Inc. ("Colony" or the "Company") (NYSE: CLNY) investors concerning the Company and its officers’ possible violations of federal securities laws.
(Bloomberg) -- Colony Capital Inc. has hired Moelis & Co. to explore options for its hotel holdings as it migrates its focus from traditional commercial real estate to digital properties such as data centers, according to people with knowledge of the matter.Colony is weighing alternatives for its portfolio of select-service, extended stay and full-service hotels, said the people, who requested anonymity discussing a private matter.Los Angles-based Colony disclosed information about its lodging holdings on Friday “to enhance visibility and transparency” as it evaluates strategic options. Earlier this month, the real estate investment trust said it was working with an external adviser to “evaluate strategic and financial alternatives to maximize the value of its hospitality assets.”Representatives for Colony and Moelis declined to comment.With travel mostly halted, hotels have been hit harder than other real estate sectors during the shelter-at-home orders imposed in response to the coronavirus pandemic. Approximately 35% of hospitality commercial mortgage backed securities were delinquent in May, according to the Commercial Real Estate Finance Council.The company said its hotel properties are held in seven separate portfolios and that the associated debt has no recourse to Colony itself. One portfolio, for instance, includes some 6,400 rooms across 48 properties that operate under brands including Courtyard by Marriott and Hilton Garden Inn. Another has almost 8,600 rooms across 89 properties that are mostly flagged by Marriott and Hilton.The REIT said it doesn’t “anticipate allocating material amounts of its own capital to these hospitality portfolios.” It added that the disclosure on Friday improves its ability to “explore potential transactions involving portions of its hospitality borrowings, including transacting in the borrowings either directly or through joint ventures or other collaborative efforts with third party capital sources.”Colony also said it remains in “active negotiations” with lenders and servicers to seek forbearance and debt modifications to protect the value of its lodging holdings.The REIT’s founder Tom Barrack plans to step down as chief executive officer later this summer. Colony’s stock has fallen more than 50% this year, worse than the roughly 18% decline for Bloomberg U.S. REIT index.Separately, a $145 million loan owned by Colony Credit Real Estate Inc., in which Colony Capital is the largest shareholder, is on the block, according to people familiar with the matter and a marketing document seen by Bloomberg. The loan is on the Fairmont Grand Del Mar, a luxury resort near San Diego, the document shows.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Glancy Prongay & Murray LLP, a National Class Action Law Firm, Announces Investigation of Colony Capital, Inc. (CLNY) on Behalf of Investors
Colony Capital, Inc. (NYSE:CLNY) and subsidiaries (collectively, "Colony Capital," or the "Company") today announced financial results for the first quarter ended March 31, 2020.
What happened Shares of Colony Capital (NYSE: CLNY) dipped as much as 14% on Monday, following the release of the real estate and investment firm's first-quarter results on Friday. As of 12:35 p.
Real estate and investment firm Colony Capital Inc said on Friday its portfolio companies had defaulted on $3.2 billion of debt secured by hotels and healthcare-related properties. Colony Capital has received a "notice of acceleration" covering $780 million of the defaulted debt, it said in a regulatory filing https://bit.ly/2SOt8wl. Earlier this year, Colony Capital reached a settlement with Blackwells, handing the activist investor a fourth board seat and creating a new vehicle to buy Colony's stock on the open market.
(Bloomberg) -- Digital Colony, an arm of Tom Barrack’s Colony Capital Inc., is seeking at least $6 billion for its second fund dedicated to communications-infrastructure bets, according to people with knowledge of the matter.The firm has initiated discussions with prospective investors including pensions and sovereign-wealth funds, said the people, who requested anonymity because the talks are private. It’s seeking to hold a first close on the fund by November, one of the people said.Digital Colony, led by managing partners Marc Ganzi and Ben Jenkins, closed on a $4.05 billion debut fund last June. Digital Colony Partners I has made 10 investments and is now more than 73% deployed, Ganzi said on a Colony earnings call last week. It’s doing due diligence and evaluating opportunities on which it may spend its remaining capital, he said.Digital Colony teamed up with EQT Partners to purchase fiber-network owner Zayo Group Holdings Inc., and has agreed to buy data-center assets from Brazil’s Grupo Folha. Earlier this month, it recapitalized Beanfield Metroconnect, a provider of telecom infrastructure in Canada. Digital Colony also reached a deal to inject new equity into Vantage Data Centers as part of that company’s purchase of Etix Everywhere earlier this year.A spokesman for Colony Capital declined to comment on the second fund.Watch: Digital Colony CEO Ganzi sees more opportunity (Video)Ganzi is slated to take over from Barrack as chief executive officer of Colony Capital on July 1 amid a turnaround at the real estate investment trust to focus on digital investments.Colony Capital shares have tumbled more than 60% this year, leaving it with a market value of roughly $850 million. The company suspended its second-quarter dividend, saying it was seeking clarity regarding a “new normal.”“Covid-19 has only amplified the fundamental demand for digital infrastructure and the world’s reliance on the digital ecosystem,” Barrack said on the earnings call, describing the Digital Colony business as “resilient and vibrant.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Colony Capital, Inc. (CLNY) Investors
Colony Capital, Inc. (NYSE: CLNY) announced today Marc Ganzi, CEO - Digital Colony, CEO-elect - Colony Capital, Inc. and four executives affiliated with Digital Colony, its digital infrastructure platform, will present and participate in a fireside chat and panel discussions at the RBC 2020 Global Datacenter & Connectivity Conference (virtual) on Wednesday, May 27, 2020. Executives will discuss their outlook on trends across the Americas, Europe, and Asia in the digital infrastructure landscape.
Scala Data Centers, a hyperscale data centers platform founded by Digital Colony, commenced construction a third data center in the São Paulo Region. The new facility, which has received certification as an ANSI/TIA-942-B Rated 3, is adjacent to an existing Scala facility and provides a path for expansion for the current customers and to support Scala's continued growth. With the announcement of the new facility, together with the ongoing expansion of its existing data center buildings, Scala will provide 50MW of data center capacity. The expansion is evidence of the Company's commitment to support its customer and to be a leader in Brazilian market.
Speaking on the call today from the company is Tom Barrack, our Chairman and CEO; Marc Ganzi, our CEO Elect and current CEO of Digital Colony; and Mark Hedstrom, our COO and CFO. All information discussed on this call is as of today, May 8th, 2020, and Colony Capital does not intend and undertakes no duty to update for future events or circumstances. Thanks, and now I'd like to turn the call over to Tom Barrack, Chairman and CEO of Colony Capital.
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Colony Capital, Inc. (CLNY) on Behalf of Investors
Colony Capital, Inc. (NYSE:CLNY) and subsidiaries (collectively, "Colony Capital," or the "Company") today announced that Marc C. Ganzi, CEO of Digital Colony and CEO-elect of Colony Capital, Inc., will be a keynote speaker Tuesday, May 19, 2020 at the Connect (X): All-Access Virtual Conference.
NEW YORK, NY / ACCESSWIRE / May 18, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Colony Capital, Inc. ("Colony " or "the Company") (CLNY). Investors who purchased Colony securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/clny. The investigation concerns whether Colony and certain of its officers and/or directors have violated federal securities laws.
NEW YORK, NY / ACCESSWIRE / May 25, 2020 / Pomerantz LLP is investigating claims on behalf of investors of Colony Capital, Inc. ("Colony" or the "Company") (CLNY). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether Colony and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
Pomerantz LLP announces that a class action lawsuit has been filed against Colony Capital, Inc. (“Colony” or the “Company”) (CLNY) and certain of its officers. The class action, filed in United States District Court for the Central District of California, and docketed under 20-cv-04673, is on behalf of a class consisting of investors who purchased or otherwise acquired Colony securities between August 9, 2019, and May 7, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
Colony Capital, Inc. (NYSE: CLNY) announced today Marc Ganzi, CEO - Digital Colony, CEO-elect - Colony Capital, Inc., will present at Nareit’s REITweek 2020 Investor Conference (virtual) on Wednesday, June 3, 2020, from 2:15 to 2:45 pm EDT. The Company will also be conducting virtual meetings with investors at the conference on Tuesday, June 2 and Wednesday, June 3, 2020.
Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Colony Capital, Inc.
Colony Capital today announced that Marc C. Ganzi, CEO of Digital Colony and CEO-elect of Colony Capital, Inc., will participate in a virtual fireside chat on Tuesday, May 12, 2020 at 4:10 p.m. Eastern Time at the 48th Annual J.P. Morgan Global Technology, Media and Communications Conference. Company management will also be conducting virtual meetings with investors during the course of the conference.