The transaction was funded by an investor group led by Colony Capital, Inc. (NYSE: CLNY), DataBanks controlling shareholder. If we never get to $10 in 5 years do they go worthless? Certain statements made herein, including, for example, statements regarding the benefits of the transaction, certainty of the transaction, the anticipated timing of the transaction and future results or expectations of the Company, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 (the Exchange Act) and the Private Securities Litigation Reform Act of 1995. Find new partners and support in new regions, / global partner index | register your business. I am not receiving compensation for it (other than from Seeking Alpha). Reflecting its pivot to digital infrastructure and investments, Colony Capital (CLNY) will rebrand to DigitalBridge, while its digital infrastructure investment platform, Digital. The REIT incurred $7.7 million in incremental costs across its senior housing portfolio, in the second quarter of 2021. Barrack, a sometimes-confidant of former President Donald Trump, resigned from the DigitalBridge board of directors in July after he was arrested on charges of failing to register as a foreign agent for the United Arab Emirates. pending Zayo Group Holdings, Inc. transaction. The debt was collateralized by the wellness portfolio. Zayo serves wireless and wireline carriers, media, tech, content, finance, healthcare and other large enterprises. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. He is an exceptional choice to lead our combined companies, investors, and employees as we accelerate, streamline, and cull other Colony business lines through sale or joint ventures and continue to reduce corporate costs, he said. Follow us on Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. 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. Our SEC filings are available publicly on the SECs website at www.sec.gov, on the Companys website at https://investors.zayo.com or by contacting the investor relations department of the Company. DigitalBridge (NYSE: DBRG) is selling its wellness infrastructure business, consisting of more than 300 senior housing, skilled nursing and other health care assets, in a deal valued at $3.2. The portfolio included 118 senior housing properties and 83 skilled nursing facilities as of May 2021. Furthermore, as to financial guidance, the company said the following: While the transaction is first and foremost a strategic transaction and is expected to generate significant accretion in the near-term as the platform expands, the transaction valuation at closing implies neutral to modest accretion. INVESTOR RELATIONSSeverin WhiteManaging Director, Head of Investor Relations212.547.2777severin.white@digitalbridge.com, PRESS & MEDIAJoele Frank, Wilkinson Brimmer Katcher Jon Keehner, Aura Reinhard212.355.4449, STOCK & TRANSFER AGENTAmerican Stock & TransferTrust Company800.937.5449www.amstock.com, DigitalBridge Group, Inc. Always inquisitive and often curmudgeonly, Chuck can often be found on a bike unlocking Chicago's secrets, telling stories, making cocktails, checking out live music, tearing through his podcast and Filmstruck queues and playing with his pitbull, Mira. Highgate Capital Investments is a global real estate investment and management company, specializing in hospitality, resort and lifestyle properties. Aurora Health Network, DigitalBridge, Frontier Management, Highgate Capital, Santerre Health Investors, Senior Lifestyle. In any event, CLNY now has significant dry powder to continue to acquire assets in its push within the digital infrastructure space and I expect to see more fund investments and additions to its asset management base on a global scale. Cautionary Statement regarding Forward-Looking Statements. Neither Highgate nor Aurora responded to requests for comment from Senior Housing News. Digital REITs appear to be trading at very rich valuations. In addition to leading a consortium of world-class institutional investors to support the acquisition, Colony Capital invested $145 million from its balance sheet to maintain its 20% stake in DataBank. The combination of the two companies also paves the way for Colonys leadership succession plans, which will be implemented over approximately 18 to 24 months. This press release does not constitute a solicitation of a proxy from any stockholder with respect to the proposed merger. I really hope the company can articulate the magnitude of what this recent transaction and shift in strategy can translate into for the company almost immediately. 65 data centers in 29 markets (up from 20 data centers and 9 markets), 1.1M raised square feet of data center space. Indeed, this acquisition price represents a 23% premium to Boingo Wireless' closing price of $11.40 on February 26, 2021. The sale was ahead of schedule by over a year, and in line with net carrying values, the REIT said in a release announcing the deal. . Additionally, the Company plans to file other relevant materials with the SEC in connection with the proposed merger. At the close of this transaction, Ganzi, who is also the Managing Partner and an Investment Committee Member at Digital Colony, will move to become the CEO of Colony, taking over Thomas J. Barrack, Jr., who will return to the position of Executive Chairman. That is speculation, but it does seem like something has been in the works there for a while now, and eliminating the dividend for the non-traded healthcare fund some months ago certainly puts CLNY in position to receive support for a liquidity event from those investors. Receive industry updates and breaking news from SHN, New Demand Dynamics Could Alter Industrys Assisted Living Vs. The deal brings Digital Bridge's $20 billion portfolio of 349,000 telecom sites and 39 data centres into Colony Capital's now $60 billion of managed assets. Colony Capital has acquired investment firm Digital Bridge for $325 million, resulting in a merged firm with $60 billion in total assets under management, according to a Colony spokeswoman. Digital Bridge manages about $20 billion of digital infrastructure globally, directly and through Digital Colony Partners, and pro forma for Digital Colony Partners pending Zayo Group Holdings, Inc. transaction. Launched in 2018 by Digital Bridge and Colony Capital, Digital . 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. I am not receiving compensation for it (other than from Seeking Alpha). swhite@clny.com, Media: Joele Frank, Wilkinson Brimmer Katcher Julie Hamilton / Jon Keehner clny-jf@joelefrank.com(212) 355-4449, INVESTOR RELATIONSSeverin WhiteManaging Director, Head of Investor Relations212.547.2777severin.white@digitalbridge.com, PRESS & MEDIAJoele Frank, Wilkinson Brimmer Katcher Jon Keehner, Aura Reinhard212.355.4449, STOCK & TRANSFER AGENTAmerican Stock & TransferTrust Company800.937.5449www.amstock.com, DigitalBridge Group, Inc. Colony Capital has acquired Digital Bridge for $325 million in total consideration. For additional information on DataBank locations and services, please visitwww.databank.comor call 1(800) 840-7533. DataBank is a leading provider of enterprise-class data center, cloud, and interconnection services, offering customers 100% uptime availability of data, applications and infrastructure. We are excited to work alongside the management team and EQT to grow the business and expand its presence in the global market. 18,256,738 of the OP Units (inclusive of the OP Units received by Mr. Ganzi as a DBH Member) are subject to certain lock-up restrictions, which, subject to certain exceptions, expire in three substantially equal installments over the three years following the Effective Date. June 10, 2021 By Dan Swinhoe Comment Colony Capital has rebranded to DigitalBridge and sold most of its non-digital assets to Fortress Investment Group. Thinking about your next software development? In 2019, Colony agreed to a $325 million deal to acquire Digital Bridge Holdings, with the agreement that its chairman Ganzi would succeed Barrack by 2021. Suite 210 Additional Information about the Proposed Merger And Where To Find It. Company Acquires Metro Network from Aptum Technologies, Enhancing Connectivity Network and Fiber Reach in Toronto and Montreal. Digital Colony, the Companys digital infrastructure investment platform, will also change to operate under the DigitalBridge brand. With this transaction, DataBank now offers its securecolocation,connectivity,cloudand managed services in 60 data centers spread across 28 key markets in the U.S. and U.K. A second closing for the five data centers in France is expected in Q1 2021. Learn how your comment data is processed. Colony Capital, Inc. (NYSE: CLNY), a global investment management firm, announced that it acquired Digital Bridge Holdings LLC ("Digital Bridge") for $325 million. Is this happening to you frequently? Please. 561-570-4644. Digital Colony is a leading global investment firm dedicated to digital infrastructure. Colony Capital, Inc. (NYSE: CLNY), a global investment management firm, announced that it acquired Digital Bridge Holdings LLC (Digital Bridge) for $325 million. As one of the most active global infrastructure investors with a demonstrated track record of success in the telecommunications and fiber industry, we are confident that EQT, along with Digital Colony, are ideal partners for Zayo as the Company embarks on its next phase of growth. The firm was launched in 2018 by Digital Bridge Holdings, LLC, a leading investor in and operator of companies enabling the next generation of mobile and internet connectivity, and Colony Capital, Inc. (NYSE: CLNY) a leading global real estate and investment management firm. | june 3, 2023 750 Park of Commerce Drive By browsing this website, you agree to our use of cookies. Los Angeles, July 25, 2019 Colony Capital, Inc. (NYSE: CLNY) ("Colony" or the "Company"), a leading global investment management firm, announced today that it has acquired Digital Bridge Holdings LLC ("Digital Bridge") for $325 million as part of Colony's strategic evolution into the leading owner and investment manager of assets, businesses, . With the closing announced today, DataBank now offers its customers access to: The addition of zColos facilities and footprint gives DataBanks existing customers tremendous new options for geographic diversity, but it also gives zColos base of 1500+ blue chip customers access to DataBanks deep reservoir ofmanaged security,data protection, cloud and complianceenablement capabilities, creating a true win-win for customers. Colony Capital, Inc., a leading global investment management firm, announced today that it has acquired Digital Bridge Holdings LLC for $325 million as part of Colony' s strategic. For DataBank media inquiries, please contact: INVESTOR RELATIONSSeverin WhiteManaging Director, Head of Investor Relations212.547.2777severin.white@digitalbridge.com, PRESS & MEDIAJoele Frank, Wilkinson Brimmer Katcher Jon Keehner, Aura Reinhard212.355.4449, STOCK & TRANSFER AGENTAmerican Stock & TransferTrust Company800.937.5449www.amstock.com, DigitalBridge Group, Inc. A recent article in Bloomberg detailed some ties to Saudi government figures and the Saudi Public Investment Fund is apparently an investor in Colonys recently-closed $4 billion investment fund. The Company believes this concentration on digital infrastructure and related, digitally-driven investment management businesses will be a highly compelling strategy to generate substantial and sustainable value for shareholders and is very complementary to recent initiatives in other growth areas such as emerging markets, energy, and listed securities, often with a new economy emphasis.
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