Investor Presentation March 2019

ColonyCredit REAL ESTATE CLNC BOARD OF DIRECTORS & EXECUTIVE OFFICERS Kevin P. Traenkle Darren J. Tangen Neale W. Redington CLNY Affiliated Director, Chief Executive Officer and President of CLNC Executive Vice President and Chief Investment Officer of CLNY Director President of CLNY Chief Financial Officer and Treasurer of CLNC Chief Accounting Officer of CLNY Richard B. Saltzman Catherine D. Rice Vernon B. Schwartz General Counsel and Secretary of CLNC David A. Palamé John E. Westerfield Non-Executive & Independent Non-Executive Chairman of the Board Previously served as the President and Chief Executive Officer of CLNY until November 2018 Serves on the Board of Kimco Realty Corp. and the Board of Trustees of NorthStar Realty Europe Corp. and previously served on the Board of Trustees for Colony Starwood Homes Independent Director Director of Store Capital Corporation Previous positions include Senior Managing Director and Chief Financial Officer of W.P. Carey and Chief Financial Officer of iStar, Inc. Independent Director Previously was independent director of NorthStar Real Estate Income Trust, Inc. ("NorthStar I") and a member of NorthStar I's Audit Committee Previously was Executive Vice President at iStar Inc. from 2005 to 2017 Independent Director Chief Executive Officer and member of the Board of Directors of Mitsui Fudosan America, Inc. Serves as a member of the Board of Directors of Halekulani Corporation CLNC Board Member CLNY Affiliated See footnotes in the appendix Winston W. Wilson Independent Director Previously was independent director of NorthStar Real Estate Income II, Inc. ("NorthStar II") and the chairman and financial expert of NorthStar II's Audit Committee Serves as a director of NorthStar/RXR New York Metro Real Estate, Inc. 24

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