Colony Financial, Inc. (NYSE:CLNY) today announced that it has entered
into definitive agreements to acquire Cobalt Capital Partners and its
highly diversified portfolio of 256 primarily light industrial assets
for approximately $1.6 billion.
PennyMac Financial Services, Inc. (NYSE: PFSI) today announced the
formation of a new division, PennyMac Commercial Real Estate Finance
(PCREF). The business will focus on loans that finance multifamily and
other commercial real estate with a typical value of under $10 million,
with the planned acquisition and securitization of such loans by
PennyMac Mortgage Investment Trust (NYSE: PMT).
“I am excited about our entry into Commercial Real Estate Finance which
complements PennyMac’s existing businesses in residential mortgages and
has the potential to deliver attractive returns for PFSI and PMT.
Colony Financial, Inc. (NYSE: CLNY) (the “Company”) today announced
financial results for the third quarter ended September 30, 2014 and
declared an increased dividend of $0.37 per share of common stock for
the fourth quarter of 2014.
Independent. Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.