X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES—Colony Financial has completed the $1.6-billion acquisition of Cobalt Capital‘s 256-property light industrial portfolio, and according to analysts at Sterne Agee, the buy will fair well for the company’s 2016 consensus. Colony purchased the portfolio with cash and debt, not new secondary equity as imagined, leading analysts to predict a 10% ROE projection on the new assets that will add $0.25-$0.30 per share to current 2016 consensus.

GlobeSt

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 © 2019 ALM Media Properties, LLC. All Rights Reserved.