Blackwells Capital Activist Presentation Deck
SUCCESSFULLY PUSHED FOR $5.7 BN INDUSTRIAL SALE TO BLACKSTONE
Blackwells' activist involvement as a shareholder of Colony Capital (NYSE:CLNY) led to the creation of
the Strategic Asset Review Committee and subsequent sale of the 13th largest Industrial Real Estate
Portfolio in the U.S. to Blackstone in 2019
Blackwells' three most recent activism campaigns have resulted in the sale of the company or the sale of
the company's underlying assets
Buildings
Rentable SF
3Q19 Consolidated NOI
LTM Consolidated NOI
Leased
Weighted Average Lease
Term in years
Colony Ownership
Tenant Type
▪ Local
Regional
Source: Colony Capital Inc. SEC filings as of Q3 2019.
BW BLACKWELLS CAPITAL
■
Sold Industrial Real Estate Portfolio Overview
Light
450
57.4 million 4.2 million
$63 million $3 million
$235 million
90.9%
3.9
Bulk
6
34%
67.4%
11.5
51%
San Francisc
3
Ceball Volley
475
Tenant Use
H Office
Other
▪ Distribution / Warehouse
Strictly Confidential & Trade Secret
Los Angeles
41%
Portant
1%
Las Vegas:
lo
▪ Retail Showroom
- Manufacturing
Brewe
"
Kansas City:
Aastin
17%
Merespols
San Anton
P
St. Lou
Cheap
Allevia
s
Can P
Tampa: 15
Philadelphi
New Jersey
Jacksonville: 2%
Orlando: 6%
Tenant Industry
Sh
■ Other
▪ Media & Information
▪ Health & Science
▪ Wholesale Trade
H Professional, Scientific and Technical Services
Manufacturing
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