Colony Capital, Inc. announced a series of changes designed to enhance its corporate governance. The company has worked collaboratively with Blackwells Capital LLC and has entered into a Cooperation Agreement with Blackwells under which two new independent directors, Raymond Mikulich and Craig Hatkoff, are appointed to the Board of Directors, effectively immediately. Further, Blackwells and the company will jointly agree upon an additional appointment to the Board. In conjunction with these appointments, the Board formed a Strategic Asset Review Committee. The Committee will be tasked with reviewing, evaluating and making recommendations to the Board on issues related to the Company's assets and business configuration and shall be comprised of Douglas Crocker II, Nancy A. Curtin, Justin Metz, Mr. Mikulich and Mr. Hatkoff. Mr. Mikulich has significant experience in the real estate industry, having served on the boards of directors of a number of public and private real estate companies, including Altus Group Ltd., Campus Crest Communities, Inc. and Interstate Hotels & Resorts Inc., and previously served as the Head of North American Real Estate at Apollo Global Management and the Head of the Real Estate Private Equity Group at Lehman Brothers. Mr. Hatkoff has an extensive real estate and capital markets background and has significant experience including formerly serving as the managing partner of Victor Capital Group, the Co-Head of the Real Estate Investment Banking Unit of Chemical Bank, Vice Chairman and director of Capital Trust, and a director of Taubman Centers. He currently serves as a director of SL Green Realty Corp. and as an adjunct professor at Columbia Business School.