Colony Credit Real Estate, Inc. Announces Second Quarter 2018 Earnings Release and Conference Call Date

Colony Credit Real Estate, Inc. (NYSE: CLNC) (“Colony Credit Real
Estate” or the “Company”) today announced it will release second quarter
2018 financial results before the market opens on Tuesday, August 7,
2018. The Company will conduct a conference call to discuss the results
the same day at 7:00 a.m. PT / 10:00 a.m. ET.

To participate in the event by telephone, please dial (877) 407-0784 ten
minutes prior to the start time (to allow time for registration).
International callers should dial (201) 689-8560. The call will also be
broadcast live over the Internet and can be accessed on the Shareholders
section of the Company’s website at www.clncredit.com.
A webcast of the call will be available for 90 days on the Company’s
website.

For those unable to participate during the live call, a replay will be
available starting August 7, 2018, at 10:00 a.m. PT / 1:00 p.m. ET,
through August 14, 2018, at 8:59 p.m. PT / 11:59 p.m. ET. To access the
replay, dial (844) 512-2921 (U.S.), and use passcode 13681027.
International callers should dial (412) 317-6671 and enter the same
conference ID number.

About Colony Credit Real Estate, Inc.

Colony Credit Real Estate (NYSE: CLNC) is one of the largest publicly
traded commercial real estate (CRE) credit REITs, focused on
originating, acquiring, financing and managing a diversified portfolio
consisting primarily of CRE senior mortgage loans, mezzanine loans,
preferred equity, debt securities and net leased properties
predominantly in the United States. Colony Credit Real Estate is
externally managed by a subsidiary of leading global real estate and
investment management firm, Colony Capital, Inc. Colony Credit Real
Estate is organized as a Maryland corporation that intends to elect to
be taxed as a REIT for U.S. federal income tax purposes for its taxable
year ending December 31, 2018. For additional information regarding the
Company and its management and business, please refer to www.clncredit.com.

Forward Looking Statement

This press release may contain forward-looking statements within the
meaning of the federal securities laws. Forward-looking statements
relate to expectations, beliefs, projections, future plans and
strategies, anticipated events or trends and similar expressions
concerning matters that are not historical facts. In some cases, you can
identify forward-looking statements by the use of forward-looking
terminology such as “may,” “will,” “should,” “expects,” “intends,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,” or
“potential” or the negative of these words and phrases or similar words
or phrases which are predictions of or indicate future events or trends
and which do not relate solely to historical matters. Forward-looking
statements involve known and unknown risks, uncertainties, assumptions
and contingencies, many of which are beyond our control, and may cause
actual results to differ significantly from those expressed in any
forward-looking statement. Among others, the following uncertainties and
other factors could cause actual results to differ from those set forth
in the forward-looking statements: operating costs and business
disruption may be greater than expected; the Company’s operating results
may differ materially from the pro forma information presented in the
Company’s Annual Report on Form 10-K for the fiscal year ended December
31, 2017; the fair value of the Company’s investments may be subject to
uncertainties; the Company’s use of leverage could hinder its ability to
make distributions and may significantly impact its liquidity position;
given the Company’s dependence on its external manager, an affiliate of
Colony Capital, any adverse changes in the financial health or otherwise
of its manager or Colony Capital could hinder the Company’s operating
performance and return on stockholder’s investment; the ability to
realize substantial efficiencies as well as anticipated strategic and
financial benefits; and the impact of legislative, regulatory and
competitive changes. The foregoing list of factors is not exhaustive.
Additional information about these and other factors can be found in
Part I, Item 1A of the Company’s Annual Report on Form 10-K for the
fiscal year ended December 31, 2017, as well as in CLNC’s other filings
with the Securities and Exchange Commission.

We caution investors not to unduly rely on any forward-looking
statements. The forward-looking statements speak only as of the date of
this press release. Colony Credit Real Estate is under no duty to update
any of these forward-looking statements after the date of this press
release, nor to conform prior statements to actual results or revised
expectations, and Colony Credit Real Estate does not intend to do so.

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