We are investigating Colony Credit Real Estate, Inc. (CLNC) (“Colony Credit” or the “Company”) for potential violations of the federal securities laws. On or about February 1, 2018, Colony Credit issued a Registration Statement and Prospectus in connection with the combination of Colony NorthStar, Inc., NorthStar Real Estate Income Trust, Inc., and NorthStar Real Estate Income II, Inc. (the “Merger”). Then, on August 8, 2019, Colony Credit issued a press release to report its second quarter 2019 financial results, in which it reported a $119 million provision for loan losses. On this news, the Company’s share price fell $2.00 per share, or more than 12%, over two consecutive trading sessions to close at $14.05 per share on August 12, 2019. Additionally, on November 8, 2019, the Company announced a portfolio bifurcation of certain assets and disclosed a $127 million provision for loan losses. On this news, the Company’s share price fell $2.50, or nearly 18%, to close at $11.75 per share on November 8, 2019. Following these disclosures, Colony Credit’s shares were trading at approximately $6.59 per share, representing a more than 73% decline from the $25 book value per share valued at the time of the Merger.