LOS ANGELES—Confirming published reports earlier this month, Colony Financial said Wednesday that it would acquire Cobalt Capital Partners and its 30-million-square-foot industrial portfolio for $1.6 billion. Comprised mainly of light industrial, the portfolio spans 16 markets across the US, with an emphasis on the Atlanta, Chicago and Dallas metro areas, and represents the Los Angeles-based REIT‘s first foray into a full-scale industrial platform. A spokeswoman declined comment on whether Colony Financial had made previous investments in the sector.

“We have consistently signaled that Colony Financial can achieve additional growth and diversification by launching focused platforms that will grow foundational returns and pursue expansion through bolt-on acquisitions,” says Thomas Barrack, executive chairman of Colony Financial. “A market-leading presence in the light industrial space is one important manifestation of this strategy.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.