Investor Presentation March 2019

Shareholders Equity ($ in billions) (1) ColonyCredit COLONY CREDIT REAL ESTATE - ESTABLISHED PLATFORM WITH SCALE Top CRE mortgage REIT positioned to capitalize on compelling market opportunities $4.6 $3.4 $2.8 $2.5 REAL ESTATE $1.6 $1.3 $1.1 $0.9 $0.8 $0.5 $0.4 STARWOOD PROPERTY FRUST Blackstone Mortgage Trust ColonyCredit APOLLO LC I REAL ESTATE CONGER Rux Excox Frwoc LADDER CAPITAL TPG KKR REAL ESTATE FINANCE TRUST Source: Based on company filings as of December 31, 2018 See footnotes in the appendix ARBOR Arbor Realty Tr GRANITE POINT MORTGAGE TRUST A fine er Capital Managed Company DYNEX ARES CAPITAL INC. 9

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