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Colony NorthStar to change name to Colony Capital

Real estate and investment management firm Colony NorthStar Inc. and its sponsored commercial credit real estate investment trust Colony NorthStar Credit Real Estate Inc. plan to change their respective names to Colony Capital Inc. and Colony Credit Real Estate Inc.

Colony Capital will use the new ticker symbol CLNY and continue to trade on the NYSE, while Colony Credit Real Estate will keep its existing ticker, effective June 25.

The name change follows troubled 2017 earnings results for the real estate firm. Colony NorthStar was originally founded in 2017 from a merger among Colony Capital Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp.