Thomas Barrack takes back control at Colony Capital
November 9, 2018
Los Angeles, CA | Real Estate
Colony Capital has announced the return of chairman and founder Thomas Barrack to his former role as CEO after the firm posted a net loss of $70 million in 3Q. Barrack will replace Richard Saltzman, who resigned but will retain a spot as non-executive chairman of Colony Credit Real Estate and Northstar Realty Europe, two Colony affiliates. The real estate-focused firm has some $44 billion in AUM.