Colony Capital, Inc. (NYSE: CLNY) (“Colony” or the “Company”) today
announced two recent appointments: Andrew Witt, Managing Director, has
been promoted to the new position of Chief Operating Officer of Global
Credit at Colony, and Kevin Smithen, Managing Director and Head of
Strategy at Digital Bridge and Digital Colony, has been promoted to
Managing Director, Global Head of Strategy and Capital Formation at
Colony.
Mr. Witt joined Colony in 2007 and has played an important role in
building Colony’s credit business, managing real estate-related product
development, investor relations and marketing private offerings
globally. In his new position, he will lead Colony’s credit business
managing the operational and investment-related aspects of both private
and public credit at Colony Credit Real Estate, Inc. (“CLNC”), as well
as at Colony. Mr. Witt will continue to serve on the credit committee
and investment committee for CLNC. He was previously an Executive Vice
President of Colony American Homes where he was responsible for
overseeing investments in single family residential property which
culminated in the acquisition of nearly 20,000 homes.
At Digital Bridge Mr. Smithen has been instrumental in the successful
capital formation of more than $10 billion of fund equity and
co-investment capital from some of the world’s most sophisticated
limited partners and investment institutions. He will now assume an
expanded role at Colony in the implementation of the firm’s digital
Colony 2.0 strategy to build an industry-leading platform for digital
real estate and infrastructure, and will lead institutional capital
formation across Colony’s $49 billion AUM global investment management
business. Mr. Smithen will maintain his responsibilities for the Digital
Colony Partners fund, including the sourcing of unique and proprietary
deals and co-investment opportunities. He has led proprietary deal
sourcing of fiber and data center deals in Canada and Latin America, and
has more than 25 years of experience in global communications services
and infrastructure sectors.
Thomas J. Barrack, Jr., CEO and Founder of Colony Capital, said,
“Colony’s senior management team has been further enhanced by our
acquisition of Digital Bridge. We are pleased to recognize Andy and
Kevin and allow these talented executives to take on greater
responsibility for the benefit of our shareholders.”
About Colony Capital
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment
management firm with assets under management of $49 billion, which
includes approximately $14 billion of assets under management from
Digital Bridge, a leading global investment manager of digital
infrastructure assets including cell towers, small cells, fiber and data
centers. The Company manages capital on behalf of its stockholders, as
well as institutional and retail investors in private funds, and traded
and non-traded real estate investment trusts. The Company has
significant holdings in: (a) the healthcare and hospitality property
sectors; (b) Colony Credit Real Estate, Inc. (NYSE: CLNC), which is
externally managed by a subsidiary of the Company; and (c) various other
equity and debt investments. The Company is headquartered in Los Angeles
with key offices in Boca Raton, New York, Paris and London, and has over
400 employees across 21 locations in 13 countries as a result of the
business combination with Digital Bridge. For additional information
regarding the Company and its management and business, please refer to www.clny.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,” or
“potential” or the negative of these words and phrases or similar words
or phrases which are predictions of or indicate future events or trends
and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Additional information about these factors
can be found in Colony Capital’s reports filed from time to time with
the Securities and Exchange Commission.
Colony Capital cautions investors not to unduly rely on any
forward-looking statements. The forward-looking statements speak only as
of the date of this press release. Colony Capital is under no duty to
update any of these forward-looking statements after the date of this
press release, nor to conform prior statements to actual results or
revised expectations, and Colony Capital does not intend to do so.
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