Tom Barrack Juggles Trump Defense and Revamped Property Empire

July 20, 2017

Tom Barrack Juggles Trump Defense and Revamped Property Empire

July 19, 2017 | by Heather Perlberg | Bloomberg Politics

Billionaire Tom Barrack has a lot in common with his longtime friend Donald Trump. He’s a real estate mogul who’s had massive successes and high-profile busts. He projects a wealthy image and rewards loyalists. And in January, he embarked on a new act that has been slow to gain momentum.

Barrack’s property empire has consolidated into Colony NorthStar Inc., a real estate investment trust born near the start of the year from a merger of three companies: his own Colony Capital Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. The new entity is making bets on health-care properties and warehouses, deals that are decidedly less flashy than Barrack’s more famous transactions, such as investing in Nevada casinos and Michael Jackson’s Neverland Ranch.

So far, Colony NorthStar has struggled to appeal to investors. Shares are little changed since the merger’s completion, trailing some rival firms in a year where optimism over the Trump administration’s agenda is helping to fuel a stock rally.

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Second Annual Blue Vault Broker Dealer Educational Summit 2016
2016 Broker Dealer Educational Summit 2016
May 30, 2016

Best Due Diligence meeting in the industry. No sales pitches, senior level decision makers, meaningful discussions and the Broker Dealer networking sessions were especially useful. Thanks to Blue Vault for raising the bar!