Fortress Credit Advisors LLC has entered into an agreement to acquire OED Portfolio of Real Estate Assets from Colony Capital, Inc. for approximately $540 million.
June 06, 2021
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Fortress Credit Advisors LLC has entered into an agreement to acquire OED Portfolio of Real Estate Assets from Colony Capital, Inc. (NYSE:CLNY) for approximately $540 million on June 7, 2021. Total consideration is $535 million, which is subject to customary adjustments. Post the transaction, Colony Capital will hold no stake in the OED Portfolio. In addition, one or more affiliates of Fortress will become General Partner and Manager to Colony’s CDCF series of funds, co-investment vehicles and other non-digital real estate positions. Transaction is subject to customary closing conditions including regulatory approvals and investor consent requirements. The transaction is expected to close in the fourth quarter of 2021. The proceeds from the transaction will be used to fuel digital investments. Moelis & Company LLC is acting as exclusive financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel to Fortress Credit Advisors LLC.
DigitalBridge Group, Inc. is a global digital infrastructure investment manager, deploying and managing capital across the digital ecosystem, including data centers, cell towers, fiber networks, small cells, and edge infrastructure. It operates through Investment Management segment. The Investment Management segment represents its global investment management platform, deploying and managing capital on behalf of a diverse base of global institutional investors. Its investment management platform is composed of number of long durations, private investment funds designed to provide institutional investors access to investments across different segments of the digital infrastructure ecosystem. In addition to its flagship value-add digital infrastructure equity offerings, its investment offerings also include core equity, credit, and liquid securities. Its investment management platform is anchored by its value-add funds within the DigitalBridge Partners infrastructure equity offerings.
Fortress Credit Advisors LLC has entered into an agreement to acquire OED Portfolio of Real Estate Assets from Colony Capital, Inc. for approximately $540 million.
DIGITALBRIDGE GROUP, INC. 
