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Colony Capital (NYSE: CLNY) has announced successful monetization of its legacy Other Equity and Debt (OED) portfolio, generating $181 million in net proceeds. Key transactions include $125 million from a multifamily preferred equity refinancing and $47 million from a joint venture investment. Total OED monetizations for the fourth quarter amount to $308 million, surpassing the carrying value of these assets. Year-to-date, the company achieved $695 million, hitting its 2020 target of $600-700 million. Proceeds will be reinvested in digital infrastructure.
Colony Capital, Inc. (NYSE: CLNY) announced CEO Marc Ganzi and two executives will speak at Citi’s 2021 Global TMT West Conference on January 6 and 7, 2021. They will discuss trends in digital infrastructure across the Americas, Europe, and Asia. Notable sessions include a fireside chat by Ganzi on January 6 at 9am ET, and two panel discussions on January 7: one on the data center edge at 11am ET and one on global data center perspectives at 6pm ET. Colony Capital manages a $47 billion portfolio, including $23 billion in digital real estate.
DataBank has successfully completed the acquisition of zColo data center assets from Zayo Group, expanding its services to 60 data centers across 28 U.S. and U.K. markets. This deal, funded by Colony Capital, totals $145 million from its balance sheet while securing $600 million in credit facilities. The acquisition enhances DataBank's edge data center strategy and improves latency for clients. With the addition of zColo, DataBank now boasts 1.1 million square feet of data center space and over 30,000 network cross connects, catering to a diverse customer base.
Colony Capital (NYSE: CLNY) has successfully closed the sale of its 51% stake in the Colony Bulk Industrial Portfolio for a total portfolio value of $400 million. This transaction generated over $85 million in net equity proceeds, aiding the firm's strategic shift towards digital infrastructure. The sale, finalized above the carrying value, marks Colony's exit from the industrial real estate sector. As of September 30, 2020, the asset was recorded at $69 million in net equity.
Digital Colony announced that its portfolio company, Highline do Brasil, will acquire Phoenix Tower do Brasil from Blackstone. This deal will add 2,500 sites to Highline’s portfolio, expanding it to over 3,200 sites, positioning it as a major player in Brazil's telecommunications infrastructure. The acquisition aims to enhance Highline's ability to meet the growing demand for telecom infrastructure driven by increasing data consumption. Financial terms remain undisclosed, but the transaction reflects significant investment opportunities in Brazil's telecommunications market.
Digital Colony has appointed Liam Stewart as Managing Director and Chief Operating Officer to enhance its operational and financial performance. Stewart succeeds Jeff Ginsberg, who remains Chief Administrative Officer. With extensive experience in infrastructure investment, Stewart aims to capitalize on growing demand for digital infrastructure. Digital Colony, with over US$23 billion in assets under management, is positioned to strengthen its market presence in digital connectivity.
Colony Capital (NYSE: CLNY) announced that Marc Ganzi, CEO, will present at the BofA Securities 2020 Global Data Center Conference on November 24, 2020, at 3:00 PM EST. Following the presentation, the company will hold virtual investor meetings on November 25, 2020. Colony Capital manages an approximately $47 billion portfolio, including over $23 billion in digital real estate through its Digital Colony platform. More information can be found on their Investor Relations page.
Colony Capital's portfolio company, Vantage Data Centers, has acquired Hypertec's hyperscale data center business in Montreal. This acquisition increases Vantage's capacity in Quebec to 81MW across three campuses. Hypertec's site includes 49MW of capacity, with immediate plans for expansion. The deal enhances Vantage's position in the growing Montreal market, leveraging local renewable energy and tax incentives. This acquisition marks Vantage's third in 2020, highlighting its ongoing investment strategy in the Canadian market.
Colony Capital reported Q3 2020 revenues of $317 million and a net income attributable to common stockholders of $(206) million or $(0.44 per share. Core FFO excluding gains/losses reached $4.8 million, or $0.01 per share. The company emphasized its digital transformation, achieving over $23.3 billion in Digital AUM, which is now 50% of total AUM. Key milestones included a $2.8 billion hospitality portfolio sale and raising over $1 billion in new third-party capital. Despite this progress, the company noted ongoing uncertainties due to COVID-19.
Colony Capital (NYSE: CLNY) announces that CEO Marc Ganzi will present at Nareit’s REITworld: 2020 Virtual Annual Conference on November 17, 2020, from 1:45 to 2:15 pm EST. The company will also hold virtual meetings with investors on November 17 and 18, 2020. Colony Capital manages a robust $46 billion portfolio, including over $20 billion in digital real estate investments. Investors can access the presentation link on the Company’s Investor Relations page.
