Corporate Rebrand Reflects Significant
Transformation Into a Leading Global Digital Infrastructure
REIT
Digital Colony, the Company’s Digital
Infrastructure Investment Platform, Will Also Transition to
DigitalBridge Brand
Colony Capital, Inc. (NYSE: CLNY) (the “Company” or “Colony
Capital”) today announced a corporate rebranding of the Company to
DigitalBridge, effective June 22, 2021. Digital Colony, the
Company’s digital infrastructure investment platform, will also
change to operate under the DigitalBridge brand. In connection with
the transition, the corporate name will be changed to DigitalBridge
Group, Inc. and the Company will begin trading under a new NYSE
ticker symbol, DBRG, as of June 22, 2021.
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The new name reflects the significant business transformation
the Company has undergone since the leadership and board of
directors made the bold decision to chart a new direction - years
ago - realigning a diversified real estate investment firm to focus
exclusively on the fast-growing digital infrastructure sector. The
‘new’ name, DigitalBridge, re-establishes and renews the original
Digital Bridge, which combined with the Company in 2019, evoking
its heritage as an early innovator in digital infrastructure, while
looking forward to a fully digital, interconnected future.
“The vision we crafted, bringing a digital infrastructure
platform built on two decades of operating experience and deep
industry relationships together with an institutional capital
formation capability and global enterprise-grade operations, has
reached its next phase. Today as one company, DigitalBridge, we’re
a unique digital infrastructure business, with both the operating
DNA and access to institutional capital that positions us to
execute globally on a converging digital infrastructure ecosystem,”
said Marc Ganzi, President and CEO of Colony Capital and CEO of
Digital Colony. “We are poised to build, operate, and finance a new
era in connectivity, leveraging a single platform focused on the
full spectrum of digital infrastructure including towers, data
centers, fiber, and small cells.”
Mr. Ganzi added, “Today marks a new chapter in our history as we
emerge from this transformation as a fast-growing global digital
infrastructure REIT. I am proud of and humbled by what our team has
accomplished in just the past two years, executing one of the most
significant asset transitions in the history of REITs. We are on
track to rotate $100 billion in AUM ‘from diversified to digital’
and are now 80% rotated on a pro forma basis, following our
agreement, announced yesterday, to divest the bulk of our Other
Equity & Debt (OED) business for over a half-billion dollars.
This is the natural moment for us to reactivate DigitalBridge,
advancing our strategy as we connect networks, companies,
geographies, and communities on a global basis.”
“Marc and the team have done an outstanding job reaching this
significant milestone and we believe the new name captures who we
have become through this transformation and our new vision for the
future,” said Nancy Curtin, Chairperson of the Board. “As the
digital economy continues to grow rapidly, DigitalBridge is
well-positioned to capitalize on the powerful secular tailwinds
supporting the continued investment in digital infrastructure.”
The Company intends to share more information about its strategy
and rebranding, including a new logo at its inaugural Investor Day,
to be held on June 22, 2021. To register and for additional
information please visit event’s site: DigitalBridge Investor
Day.
About Colony Capital
Colony Capital, Inc. (NYSE: CLNY) is a leading global investment
firm with a heritage of identifying and capitalizing on key secular
trends in real estate. Colony Capital, structured as a REIT, is
headquartered in Boca Raton with key offices in Los Angeles, New
York, London and Singapore.
About Digital Colony
Digital Colony is a leading global investment firm dedicated to
digital infrastructure. With a heritage of over 25 years investing
in and operating businesses across the digital ecosystem including
towers, data centers, fiber, and small cells, the Digital Colony
team manages a $32 billion portfolio of digital infrastructure
assets on behalf of its shareholders and limited partners and has
over 90 investment and operating professionals.
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. Factors that might cause such a
difference include, without limitation, whether the Company will
complete the sale of its OED business within the timeframe
anticipated or at all, including the Company’s ability to obtain
any necessary third-party approvals to consummate the transactions,
whether the Company will realize any of the anticipated benefits
from the sale of its OED business, the timing and pace of the
Company’s digital transformation, including the Company’s ability
to rotate the balance sheet and redeploy capital into digital
infrastructure, whether the Company will realize any of the
anticipated benefits of such transformation, and other risks and
uncertainties, including those detailed in Colony Capital's Annual
Report on Form 10-K for the year ended December 31, 2020, Quarterly
Report on Form 10-Q for the quarter ended March 31, 2021, and its
other reports filed from time to time with the U.S. Securities and
Exchange Commission. All forward-looking statements reflect the
Company’s good faith beliefs, assumptions and expectations, but
they are not guarantees of future performance. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210608005723/en/
Colony Capital
Investors: Severin White Managing Director, Head of
Public Investor Relations (212) 547-2777 swhite@clny.com
Media: Joele Frank, Wilkinson Brimmer Katcher Julie Hamilton /
Jon Keehner clny-jf@joelefrank.com (212) 355-4449
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