Investor Presentation March 2019

CLNC PORTFOLIO OVERVIEW Stabilized in-place portfolio largely aligned with target strategy Investment Type(1) Property Type(1) Preferred Private equity(5) equity 6% interests CRE debt 3% securities(4) 7% Mezzanine loans 8% Senior mortgage loans 39% Multifamily 13% Operating Real Estate (2)(3) 13% Bay Area Luxury Hotel Note: As of December 31, 2018 See footnotes in the appendix Retail 8% Other (6) 5% ColonyCredit REAL ESTATE Geography(1) Southwest Other(7) 6% <1% Office 34% Europe 12% Northeast 13% Net lease real estate (2) 24% Industrial 19% Hotel 21% Southeast 14% Midwest 16% New York City Multifamily Northern California Office West 39% 14

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