Colony Capital has launched its first REIT as it seeks to target distressed real estate loans.
The vehicle, Colony Financial, comes hot on the heels of Starwood Capital floating it’s own $500 million debt vehicle, which the Greenwich, Connecticut-based firm expects to register as a public REIT.
Since the start of 2009, 51 REITs have raised more than $16 billion in equity offerings in the public markets, according to the National Association of Real Estate Investment Trusts (NAREIT).
