Colony Capital’s $1.16 Billion Acquisition of a US Industrial Real Estate Portfolio

Willkie advised Colony Capital, Inc. (NYSE: CLNY) on the deal

Affiliates of Colony Capital, Inc. (NYSE: CLNY) executed the acquisition of a national portfolio of 54 light and bulk industrial buildings for $1.16 billion. Colony Capital, Inc. is a diversified global real estate investment firm with $43 billion of assets under management.

This value-add portfolio is located across 10 U.S. markets, totals approximately 11.9 million square feet, and is 71% leased. Forty-eight of the buildings are last-mile light industrial and were acquired through Colony’s existing light industrial platform. The remaining six buildings are bulk industrial and were acquired through a newly formed joint venture in which Colony Capital has a 51% interest and a third-party institutional investor has a 49% interest.

Based in Los Angeles, Colony Capital is a leading global investment management firm with assets under management of $43 billion. The company, with over 400 employees across 17 locations in 10 countries, manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, non-traded and traded real estate investment trusts and registered investment companies.

The Willkie deal team was led by partners Thomas Henry (Picture) and Daniel Backer.

Involved fees earner: Daniel Backer – Willkie Farr & Gallagher; Thomas Henry – Willkie Farr & Gallagher;

Law Firms: Willkie Farr & Gallagher;

Clients: Colony Capital Inc.;

Author: Ambrogio Visconti