Investor Presentation March 2019

ACCESS TO DIVERSE AND EFFICIENT FINANCING SUPPORTS PRUDENT LEVERAGE Capitalization Overview as of 12/31/18 ($mm) (1) Highlights ColonyCredit REAL ESTATE W.A. Extended Maturity Maximum Availability Amount Outstanding Master Repurchase Facilities May-22 $2,050 $880 During Q4'18, upsized corporate revolving credit facility capacity by $125 million to $525 million Corporate Revolving Credit Facility* Feb-23 $525 $295 Subsequent to Q4'18, CMBS Credit Facilities (2) n/a n/a $191 upsized corporate revolving credit facility capacity by an Mortgage Debt Jul-26 n/a $1,099 Securitization Bonds Payable Jul-31 n/a $80 additional $35 million to $560 million During Q4'18, increased master repurchase facility capacity by $300 million to $2.1 billion Total Debt $2,545 Shareholders' Equity + Noncontrolling Interests in the Operating Partnership Total Capitalization $2,773 $5,318 *Maximum availability under the corporate revolving credit facility increased to $560 million subsequent to the fourth quarter 2018 Note: As of December 31, 2018 unless otherwise stated See footnotes in the appendix 23

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