Today, the FDIC announced that Colony Capital Acquisitions, LLC paid a total of approximately $90.5 million (net of working capital) in cash for a 40% equity stake in a limited liability company (LLC) created by the FDIC to hold a portfolio of approximately 1,200 distressed commercial real estate loans with an aggregate unpaid principal balance of $1.02 billion arising out of 22 failed bank receiverships. The participating FDIC receiverships will hold the remaining 60% equity interest in the LLC. Colony will serve as the LLC's managing equity owner and will provide the management, servicing and ultimate disposition of the LLC's assets.