Colony Capital chairman Thomas Barrack Barracks calls the merger a milestone in achieving “our collective long-term strategy of building a leading global real estate business.” (Photo courtesy of USC)

LOS ANGELES and NEW YORK CITY—The merger among Colony Capital Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. is now complete. The equity REIT resulting from the union that was completed on Tuesday, Colony NorthStar Inc., has an equity market capitalization of approximately $9 billion and assets under management of $58 billion.