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Colony NorthStar, Inc. Completes Name Change to Colony Capital, Inc.

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Colony NorthStar Credit Real Estate, Inc. Completes Name Change to
Colony Credit Real Estate, Inc.

Colony NorthStar, Inc. (the "Company") (NYSE:CLNS) today announced that
it has completed its name change to Colony Capital, Inc. effective
today. As part of the name change, the Company is now publicly traded on
the New York Stock Exchange under the new ticker symbol "CLNY" and the
company's website address has been changed to www.clny.com.

Colony NorthStar Credit Real Estate, Inc. (NYSE:CLNC) also announced
that it has completed its name change to Colony Credit Real Estate, Inc.
Its ticker symbol and website address remain the same, as "CLNC" and www.clncredit.com,
respectively.

Colony Capital was founded in 1991 by Thomas J. Barrack, Jr. as a global
diversified real estate investment manager which created a business that
combined the best of an entrepreneurial spirit with institutional best
practices and risk management. The firm came public through a
combination transaction with Colony Financial, Inc. in 2015 and then
scaled considerably more through its merger with the NorthStar companies
in early 2017 to create Colony NorthStar, Inc. The name change to Colony
Capital, Inc. reflects the Company's renewed emphasis of its founding
principles, as the Company continues to grow its broader based
investment management business, while simultaneously monetizing non-core
assets and modestly shrinking the balance sheet through securities
repurchases and deleveraging.

About Colony Capital, Inc.

Colony Capital, Inc. (NYSE:CLNY) is a leading global investment
management firm with assets under management of $43 billion. The company
manages capital on behalf of its stockholders, as well as institutional
and retail investors in private funds, non-traded and traded real estate
investment trusts and registered investment companies. Colony Capital
has significant holdings in: (a) the healthcare, industrial and
hospitality property sectors; (b) Colony Credit Real Estate, Inc. (NYSE: CLNC) and NorthStar Realty Europe Corp. (NYSE:NRE), which are both
externally managed by subsidiaries of Colony Capital; and (c) various
other equity and debt investments. Colony Capital is headquartered in
Los Angeles with over 400 employees in offices located across 18 cities
in ten countries. For additional information regarding the Company and
its management and business, please refer to www.clny.com.

About Colony Credit Real Estate, Inc.

Colony Credit Real Estate, Inc. (NYSE:CLNC) is one of the largest
publicly traded commercial real estate (CRE) credit REITs, focused on
originating, acquiring, financing and managing a diversified portfolio
consisting primarily of CRE senior mortgage loans, mezzanine loans,
preferred equity, debt securities and net leased properties
predominantly in the United States. Colony Credit Real Estate is
externally managed by a subsidiary of leading global investment
management firm, Colony Capital, Inc. Colony Credit Real Estate is
organized as a Maryland corporation that intends to elect to be taxed as
a REIT for U.S. federal income tax purposes for its taxable year ending
December 31, 2018. For additional information regarding the Company and
its management and business, please refer to www.clncredit.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as "may," "will," "should," "expects," "intends,"
"plans," "anticipates," "believes," "estimates," "predicts," or
"potential" or the negative of these words and phrases or similar words
or phrases which are predictions of or indicate future events or trends
and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Factors that could cause actual results to
differ materially from Colony Capital, Inc.'s or Colony Credit Real
Estate, Inc.'s expectations include, but are not limited to, Colony
Capital, Inc.'s ability to grow its broader based investment management
business while simultaneously monetizing non-core assets and modestly
shrinking the balance sheet through securities repurchases and
deleveraging, the timing, amount and manner of securities repurchases,
if any, the average portion of equity Colony Capital, Inc. will own in
its managed portfolio, the benefits of public company scale and a
significant balance sheet, Colony Capital, Inc.'s ability to identify
and strategically position platforms around compelling global
opportunities and the composition and breadth of its managed portfolio,
any adverse changes in the financial health or otherwise of Colony
Capital, Inc. that, as external manager, could hinder Colony Credit Real
Estate, Inc.'s operating performance and return on stockholder's
investment, the ability to realize substantial efficiencies as well as
anticipated strategic and financial benefits, and the impact of
legislative, regulatory and competitive changes. Additional information
about these and other factors can be found in Colony Capital, Inc.'s and
Colony Credit Real Estate, Inc.'s, as applicable, reports filed from
time to time with the Securities and Exchange Commission.

Colony Capital, Inc. and Colony Credit Real Estate, Inc. each caution
their respective investors not to unduly rely on any forward-looking
statements. The forward-looking statements speak only as of the date of
this press release. Each of Colony Capital, Inc. and Colony Credit Real
Estate, Inc. are under no duty to update any of these forward-looking
statements after the date of this press release, nor to conform prior
statements to actual results or revised expectations, and neither Colony
Capital, Inc. nor Colony Credit Real Estate, Inc. intend to do so.

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