thank and you, morning Lasse. Good
and sheet realigning as Chairman, vehicles fourth, These series outlined objectives, a investment while acquisitions assets we Management of transitioning status; earnings and one, as GP of expense; During sheet have undertake. the in call and the I in spring debt balance our an business which in Colony assets offensive of were: G&A and maintaining promote-bearing balance three, would Executive which on the extending an balance reducing in merger our fee alongside near-term and Colony's which and capital lastly, defensive XXXX incentives model, new into objectives quarter acts of platforms interest fourth in Capital finalizing the dividend the REIT balance the acquired plans; calling third-party total simplifying reducing two, originated the the return sheet return businesses on build focusing our sheet term positioning field; athletes the profile of our scale. can edge and in and Investment we to management-driven and
that our have in we possesses By the aforementioned time which executing offensive We I reassumed which defined for of of had well and not build the although our to investment on into a playbook and we these digital the businesses of CEO at the we Colony of were can end initiatives an scale. our still and future. simplifying way active dramatically offensive clearly pivoting communicated now path management role strategies the details XXXX, on edge
should NRE. G&A basis $XXX $XX the done? by total we start to million XXXX merger. a as and were going What large-scale million the We the such we do against as enhance enhancement. assets results would and Industrial First, What reduction we measured far since a so the anticipated have by reduction culture. to since run-rate a $XX objectives. cultural have reallocation said? divest businesses fully of We and Further and said execute net and of goals what on completion how results reduced review on and non-strategic the be G&A we program identified cost we of G&A our million of in and these G&A
What monetizations. said. we've Next
values verticals. estate harvesting one, command of the sheet-heavy which: all criteria real generate align businesses third-party produce at our for and through capital total assigned necessary which divestments two, values with will characteristics substantial market monetize least are dispositions or do the We demonstrate meaningful assets higher which assets of private the to balance to than These public XX% return them; which not liquidity form asset non-strategic not annually. to clear do the and
of Now asset we've we asset in balance transfers review We our inclusive approximately let and OED call various first the the reduced units. $X.X have from to component non-strategic together equity how billion the to has me said? accelerate earnings would Other Debt. of and Since applied non-strategic by sale net our and billion of of sheet. CLNC. our business monetizations have What OED we foregoing been done? billion $X $X.X value to three-fourth simplify of $X.X Equity What billion
refinanced In and said loan GAHR Healthcare. partnership and REIT $X.XXX GAHR important our leading on loan we we've derisked would What address vertical. terms healthcare position an significant significantly including to What with successfully health co-assets the alignment. a debt said, we the we XXXX strategically in done, Ventas, our the portfolio maturities for $X.XXX and attractive Healthcare billion we billion better consummated care
year XXXX have Healthcare, gone two has extremely and the liability refinanced six been maturities are loan expected well. resolved management or the to for XXXX was refinanced remaining year-end. of now by of otherwise which the be Four
operating a formation acquisition said, strategy capital. accomplishing the have to we've our for done first-class and Industrial alongside grow to in Industrial. and Light goal his the team Cobalt Colony build, and the of Friedland leading sell be of infill was fee-bearing Lew architecture the Colony Industrial. job platforms Colony's buy, What subsequent platform
a and Industrial Colony sheet poster to What case Investment balance a has serves our Lew study using buy, case grow by platforms delivering our team, and investors. businesses clear Management build building to and we done, compelling for child have our results been in led Dallas-based and
square process meantime, cost we a at launched expand Given our and anticipate assets, and are an time offers the We XX of feet that for at sale Industrial closing the $X.X by significant business. business. In industrial an for the we billion. appropriate Should compelling of our our year-end. appreciation acquisition build to to Dermody decided Estate portfolio, continue we acquisition at we've levels, million demand recent Industrial the harvest Real formally is evidenced as almost around we receive
upon a termination minus to and a NRE. any contract external agreement to NRE, would exchange entered Last the Colony, said for resolution in of What we for discount NAV. $XX Next said, Colony an the come our which for fees interest ownership previously on we and with including sale XX% persistent given an relative into we stock, to million at November, NRE, connection the incentive NRE the traded or NRE payment of of management internalization paid.
to done, Goldman long a share. acquired a NRE Board resulting Sachs, we of in NRE process stockholders, What have a after approved to merger run agreement Directors approximately definitive by AXA, be consideration including by Colony, $XX.XX the of
of million in should most of contract. an XX% XX% proceeds $XXX generate and should NRE of approximate the position inception, a the ownership transaction, result from realized Colony importantly, management of London-based team. gross sale for accolade As the great from our shareholders receive And the the monetization a IRR
Hospitality. Next
surgical brands. service portfolio cycles Our of are that all select the monitoring major PIP primarily hotels, by engineering which requires and required consists
sales, continue the addition property we acquisitions. our at joint management consolidations In of to number CapEx hands-on team's opportunistic strategic evaluate ventures, oversight a to large-scale level, asset transactions, and and portfolio including
our Strategic we of Committee to in three new SARC. the evaluate Ray directors, formation Next, year's appointment to addition Mikulich, said, of directors, Reiss, Review this great Asset Committee, of Special Craig five What Morgan we formed Stanley. comprised Review or initiatives Dale with a of Hatkoff, strategic the Asset
meeting and six virtually number tirelessly to What element extraordinary we've of every alternatives management for formal done, and and times financial of of held advisers evaluate myriad and our has discussions strategic business. the with informal a SARC an worked
of we sheet We the Management What our Management businesses. Digital review originate to a Digital through Investment franchise. grow we've balance Colony. platforms, our would which Now and accomplish that use Investment market we told Colony said? our
We our platform synergistic. we Colony to currency retain and listed as that as tool use alternative a who balance and investment sheet brand and managers, and the strategic attract other also view said public would
What we've done.
This of who a joining unification investments. infrastructure closed franchise the of Digital Holdings, professionals Digital our portfolio Bridge of steward we team communications DBH's extraordinary quarter, with Colony or acquisition are and of on world-class investment the through DBH,
our This largest digital which the with infrastructure, in flagship our than Partners, of raised began Colony natural fund and infrastructure Digital making first of acquisition the $X specialized co-investment, evolution the DBH communications equity more partnership its one formation before with is first-time funds of in the which kind. successful billion it
Zayo in $XX and consummated enterprise a we including Digital great Andean with through the StrattoOpencell value at began and definitive EQT Colony, X, a assets more Telecom Peer Digita, Partners, than series thoughtful our Since billion. signed we acquire world, around totaling of to partnership agreement we've acquisitions communications have an partnership of
the The fact, in transaction progressing approved two and majority as a the with deal. co-investment capital which now transaction is $X.X in Zayo for we And take digital have months. the raised private to in Zayo largest additional an infrastructure billion of is shareholders
tenants. investment add relationships to our increase platform acquisitions deepen including accretive continue ideas our We a our new and valued proprietary pipeline, of tuck-in our that with footprint to to series serve
top the The This but for evidenced for by REITs five essential fueled that tech-driven three being pace market planet also are even astounding devices, existence by of the macro no not at consumers that by networks. fact years in they an is businesses demand the XX is connected and a were longer by growing ago. just capitalization is need and growth
digital markets. There usage will Data be close as a our XXXX. capital in accelerating, of expanding creation spent on spend. billion $XXX too to so consequence networks by communication our and the target expenditures is will customers
America, our on Colony Europe. call a and infrastructure. unique mobile and investment Latin a Internet going time, every Digital Colony to platform is mark text, across North businesses with focus e-mail every touches into Today, phone America every top-tier And over and global next-generation Digital
focus of the the an to timeframe bench aid management XX After our the have with my to period. various transition, and businesses Marc we to role digitalization Ganzi Executive I the of surgical designated great XX their precision, months In CEO after will we our of transition conclusion to have the senior that as successor strengthen return as to effort and operations Chairman. executives of to allow on in
the launching will existing the Marc to who Management of the a leadership and future Colony then orient is businesses hand-in-hand balance Colony Investment team complement digital of streamlining digital growth together sheet our perfect to operations on into come work and leader our this the the a for in tremendous age.
between What infrastructure always maintain estate real Wall our we've has Main credit Building been of of and has the similar continue to strength businesses on asset and as opportunities certain our real silos, Street and said. natural of focus growth and energy. estate on progression to energy energy Next characteristics credit a we Street.
we operator committed with compelling a Resources to avail field, in called What done? is we to which joint of in CRC's In fund is best-in-class $XXX ourselves a a Colony what strategic located order Joaquin financing. California we Corporation, $XXX E&P the formed million believe have opportunity, Hills venture a which has arbitrage San in the DrillCo Elk development for format, basis flagship million of
in these has that thesis of despite develop finance legacy to pace necessary substantial starved innovations the capital have profile changes channels driven And the platforms field. step assets. production energy has development, great empirical production Our keep which oil growth, and failed to the risk of the gas is financing with in technological
We equity compelling private markets. of Next and drive markets we our markets. markets investing growth XXXX. expand said emerging the will businesses emerging into opportunities that in are through global emerging We fourth three that GDP long-term believe would emerging
those explode expansion infrastructure growth and Internet robust dramatic real estate mobile attendant The estate pace will at same EM middle be the underlying urban urbanization, infrastructure, engine and and population will and of used class. and services expansion by the energy, growth, Telecommunications, fuel population. real this the an to of power at emerging the rapid industries
As What of acquisition the Abraaj. our field, business of acquisition in on closed we have first America we our Latin done? the EM
management $XXX in million management of As over pipeline assets transactions. part we under world-class the an to of transaction in of active our to team, investments' table and a addition proprietary annexed
Next strong have What estate syndication held complement credit, with CDCF. said? the the What originated capital mortgage the a legacy we CDCF's credit of we perfect a REIT were of million, view product our closing series we and listed fund commitments the approximately of funds to successful as done? On European credit included opportunistic Colony of investments CLNC. latest which just our We the the $XXX real year. over initial credit initial past which three
Next CLNC.
yielding press with lower coverage. and work available we dividend itself. continue is assets CLNC through more equity simple machine For definable CLNC in on the earnings in mortgage CLNC as and More and origination release sustainable earnings to portfolio detail rotate first will we course and the the through call of a
Listed securities.
For Until had recently private not to and treaty compiled only a terabytes have market information of information countries. market investment treaty almost than markets. of have been private the decades, every of transactions XX theme for we this public the private class of we has avail asset many the in data-driven on from information ourselves transactions more utilization public
Hughes data-driven Our investors participate. can currency liquid securities will a quantitative Bill listed now afford transparent platform institutional and driven a and public in approach by which
investment like global Now few landscape to on you without to I'd conclude, a too perspectives personal my detail. on burdening with share much of
risk rising liquidity and risk counter-party while dramatically falling are are dramatically. returns First,
we low concern most banks And beneficiaries continue rates driven future. the dove central powered be flight the low in the the in may and the arrows bond continuing as quivers. in economy the to left in few XX-year interest Japanization good is yield the historic produce of shape globally of banks with a by Next, their of in central fed
premiums are we returns in in stage at dramatic Risk present supply private late as in of keenly greater are liquidity always are Colony the estate market a real levels very At increasing very basis. debt a go-forward the mature diminishing that themselves and aware market.
and threats. from from amongst unsettledness to and is increasing America contest capitalism The volatility and from greatest brinkmanship and the which have-nots protectionism socialism a and the America schism march spanning of One have a global dramatic in to globalization emerging Asia. geopolitical and Asia and confusion underperformance markets between Latin causing Latin
we've political trade convergence intervention. put in in I the Next. will risk What real an as stock pressure unexpected to week. global cause appreciate and and and divergence such past the value dollar result call in slobalization or disruptions market and may in in unforeseen wars seen The increasing military
stable the changing A shared at real in tenants development of and Long-term utilization with estate and everything rates restaurants flows giving shared are cash classes offices, industrial. homes, menu to and most utilization of new multifamily, hotels, of is spot a basic markets. way asset tenants framework leasing retail, credit
provider Our goal solutions estate technology is real to integrated trusted become the capital digital leading companies. most the to of world's and
We will follow the logos.
to Thank turn Mark you and over Hedstrom. I'll now it
