– USA, CA –  Colony Capital, Inc. (NYSE:CLNY), a leading global investment management firm with assets under management of $44 billion, today announced a series of changes designed to enhance its corporate governance. The Company has worked collaboratively with Blackwells Capital LLC, a stockholder of the Company, and has entered into a Cooperation Agreement with Blackwells under which two new independent directors, Raymond Mikulich and Craig Hatkoff, are appointed to the Board of Directors, effectively immediately. Further, Blackwells and the Company will jointly agree upon an additional appointment to the Board.

Thomas J. Barrack, Jr., Executive Chairman and Chief Executive Officer of Colony Capital, said, “We are pleased to welcome Ray Mikulich and Craig Hatkoff to our Board, following constructive discussions with Blackwells. Both Ray and Craig bring valuable real estate and finance experience as well as new perspectives to our Board, and their skills and experiences complement the diverse skillsets and backgrounds of our current Board members.”

In conjunction with these appointments, the Board formed a Strategic Asset Review Committee. The Committee will be tasked with reviewing, evaluating and making recommendations to the Board on issues related to the Company’s assets and business configuration and shall be comprised of Douglas Crocker II, Nancy A. Curtin, Justin Metz, Mr. Mikulich and Mr. Hatkoff.

Jason Aintabi, Managing Member of Blackwells, said, “Colony has a great portfolio of assets and significant opportunities ahead to create value for all shareholders. Ray and Craig are tremendous additions to the board given their experience and will be instrumental in identifying and realizing these opportunities to optimize the company’s portfolio and business configuration.”

Mr. Mikulich has significant experience in the real estate industry, having served on the boards of directors of a number of public and private real estate companies, including Altus Group, Ltd., Campus Crest Communities, Inc. and Interstate Hotels & Resorts Inc., and previously served as the Head of North American Real Estate at Apollo Global Management and the Head of the Real Estate Private Equity Group at Lehman Brothers.

Mr. Hatkoff has an extensive real estate and capital markets background and has significant experience including formerly serving as the managing partner of Victor Capital Group, the Co-Head of the Real Estate Investment Banking Unit of Chemical Bank, Vice Chairman and director of Capital Trust, and a director of Taubman Centers. He currently serves as a director of SL Green Realty Corp. and as an adjunct professor at Columbia Business School.

About Colony Capital

Colony Capital, Inc. is a leading global investment management firm with assets under management of $44 billion. The Company manages capital on behalf of its stockholders, as well as institutional and retail investors in private funds, traded and non-traded real estate investment trusts and registered investment companies. The Company has significant holdings in: (a) the healthcare, industrial and hospitality property sectors; (b) Colony Credit Real Estate, Inc. (NYSE: CLNC) and NorthStar Realty Europe Corp. (NYSE: NRE), which are both externally managed by subsidiaries of the Company; and (c) various other equity and debt investments. The Company is headquartered in Los Angeles with key offices in New York, Paris and London, and has over 400 employees across 17 locations in ten countries.

For more information : https://www.clny.com

About Blackwells Capital

Blackwells Capital was founded in 2016 by Jason Aintabi, its Chief Investment Officer. Since that time, it has made investments in public securities, engaging with management and boards, both publicly and privately, to help unlock value for stakeholders, including shareholders, employees and communities. Throughout their careers, Blackwells’ principals have invested globally on behalf of leading public and private equity firms and have held operating roles and served on the boards of media, energy, technology, insurance and real estate enterprises.

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