seasoned-sponsors-will-prevail-says-colony-capital

Seasoned sponsors will prevail, says Colony Capital

Colony Capital's Asia CEO, Grant Kelley, talks about his strategy to win and close deals in a competitive and challenging environment.

Sameera Anand

October 05, 2007

Colony Capital was started in 1991 and is majority owned by its founder and chief executive officer Thomas Barrack. The US fund invests in real estate, non-performing loans, distressed assets, and real estate-dependent operating companies around the world. It currently has $28 billion in deal capitalisation worldwide of which around $4.5 billion is dedicated to Asia.

Grant Kelley is the firm's Asia CEO.

Is the subprime situation affecting your ability to close financing for deals
Grant Kelley IÆd say the first observable gasp of relief was the rate cut in the third week of August. It was incredibly favourably received by lenders everywhere and we could close the deals we had on the books...

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