Investor Presentation March 2019

ColonyCredit REAL ESTATE PORTFOLIO OVERVIEW - OPERATING REAL ESTATE Portfolio Overview as of 12/31/18 Portfolio Size ($bn) (1) Number of Properties Number of Buildings $0.7 23 124 Northeast 23% Midwest 41% Southwest 10% Southeast 26% Total Square Feet (mm) (2) 1.9 Annualized Q4 NOI / EBITDA ($mm)(3) $44 W.A. % Leased at End of Period (4) 85% W.A. Remaining Lease Term (yrs) (5) 4.3 *During the fourth quarter 2018, the Company sold its largest non-core owned real estate multi-tenant office portfolio by book value. As a result of the sale, Annualized Q4 NOI/EBITDA excludes the financial results related to this investment Note: As of December 31, 2018 unless otherwise stated See footnotes in the appendix Property Type (6) Hotel 17% 0 Multifamily 28% Office 55% W.A. Remaining Lease Term(5)(6) 1.1-2.0 yrs 24% 0 4.1 - 5.0 yrs 44% +5.0 yrs 32% 21

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