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Colony Capital, Inc.

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Msg  8533 of 9472  at  9/20/2019 11:54:01 AM  by

dar200


CLNC awake and speaking

 
September 20, 2019 at 11:23 AM EDT

LOS ANGELES--(BUSINESS WIRE)--Sep. 20, 2019-- Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit Real Estate” or the “Company”) announced today that it has funded a $116,000,000 floating-rate mortgage loan on behalf of Clutter, Inc. in connection with Clutter’s $152,000,000 acquisition of The Storage Fox Portfolio, four (4) self-storage facilities comprised of approximately 320,000 rentable square feet and 5,240 units located in Long Island City, Brooklyn, Yonkers and White Plains, New York.

 
Self storage.....probably 99% rented. Easy to sell. Almost 24% down payment. Appears very safe to me. Don't know how profitable because margin over base not disclosed. 


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