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| CLNY > SEC Filings for CLNY > Form 8-K on 6-Feb-2013 | All Recent SEC Filings |
6-Feb-2013
Completion of Acquisition or Disposition of Assets, Financial Statements a
On February 6, 2013, CFI CSFR Investor, LLC ("CFI CSFR"), a wholly owned subsidiary of Colony Financial, Inc. (the "Company"), pursuant to a subscription agreement entered into by CFI CSFR for an additional commitment of $95 million in CSFR Operating Partnership, L.P. ("CSFR"), funded $20 million in the aggregate in cash for an increased associate general partnership interest and related partnership units in CSFR. CSFR is the single-family home acquisition and rentership platform sponsored and managed by affiliates of the Company's manager.
Previously, between November 5, 2012 and January 3, 2013, CFI CSFR committed and funded $205 million in the aggregate for an increased associate general partnership interest and related partnership units in CSFR. Together with the $20 million invested on February 6, 2013, the investments described in this paragraph total $225 million in the aggregate.
CFI CSFR currently has invested $375 million in CSFR, taking into account the initial contribution of $150 million in assets to CSFR on July 31, 2012, substantially all of which was in the form of previously acquired single-family residential assets already acquired by the Company through a subsidiary. CFI CSFR has committed to invest $450 million in the aggregate in CSFR at the same cost basis as all investors in CSFR to date (the "CSFR Commitment") and has remaining commitments of $75 million, which remaining commitments the general partner of CSFR is authorized to call in its discretion to meet CSFR's capital needs. As of the date hereof, the CSFR Commitment represents approximately 23% of the aggregate capital commitments made to CSFR.
(a) (1) Financial Business of Businesses Acquired.
To the extent necessary, the Company intends to file the financial statements relating to the acquisition described in Item 2.01 above under cover of Form 8-K/A no later than 71 calendar days after the date this Current Report on Form 8-K was required to be filed.
(b) (1) Pro Forma Financial Information.
To the extent necessary, the Company intends to file pro forma financial statements relating to the acquisition described in Item 2.01 above under cover of Form 8-K/A no later than 71 calendar days after the date this Current Report on Form 8-K was required to be filed.
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