Ganzi company sells off $7.5bn property units

Marc Ganzi’s Colony Capital has raised $7.5 billion by offloading two of its real-estate operations in advance of its Zayo acquisition.

Digital Bridge, led by Ganzi (pictured), is merging with Colony and is the company that is due to buy Zayo for $14.3 billion in the first half of next year in a joint move with Swedish investor EQT.

One of the two money-raising deals, announced this week, sees it selling its industrial warehouses to Blackstone group for $5.9 billion. This deal includes 465 light industrial buildings in 26 US markets, mainly aimed at last-mile logistics companies.

Source: Ganzi company sells off $7.5bn property units

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