SEC FORM 13F-HR

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number:3235-0006
Expires:Oct 31, 2018
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:12-31-2019
Check here if Amendment  Amendment Number:
This Amendment (Check only one.):  is a restatement.
  adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name:Colony Capital, Inc.
Address:515 South Flower Street
44th Floor
Los Angeles, CA  90071
Form 13F File Number:028-19781

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name:Leon Schwartzman
Title:Chief Compliance Officer
Phone:310-552-7127
Signature, Place, and Date of Signing:
/s/ Leon SchwartzmanLos AngelesCA02-06-2020
[Signature][City, State][Date]
Report Type (Check only one.):
X13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
  13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
  13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
Form 13F Summary Page
Report Summary:
Number of Other Included Managers:0
Form 13F Information Table Entry Total:38
Form 13F Information Table Value Total:109,778
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
NONE

SEC FORM 13-F Information Table

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL
OMB Number:3235-0006
Expires:Oct 31, 2018
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ALEXANDER & BALDWIN INC NEWCOM0144911043,039145,000SH SOLE 145,00000
ALEXANDERS INCCOM0147521096942,100SH SOLE 2,10000
ALEXANDRIA REAL ESTATE EQ INCOM0152711091,89911,750SH SOLE 11,75000
AMERCOCOM0235861006011,600SH SOLE 1,60000
CORESITE RLTY CORPCOM21870Q1054,03736,000SH SOLE 36,00000
CROWN CASTLE INTL CORP NEW6.875% CON PFD A22822V30913,33010,400SH SOLE 10,40000
CROWN CASTLE INTL CORP NEWCOM22822V1012,48817,500SH SOLE 17,50000
CYRUSONE INCCOM23283R1005,23480,000SH SOLE 80,00000
EQUINIX INCCOM29444U7001,7513,000SH SOLE 3,00000
EQUITY LIFESTYLE PPTYS INCCOM29472R10884412,000SH SOLE 12,00000
ESSENTIAL PPTYS RLTY TR INCCOM29670E1072,804113,000SH SOLE 113,00000
EXANTAS CAP CORPCOM NEW30068N10593178,863SH SOLE 78,86300
GAMING & LEISURE PPTYS INCCOM36467J1083,74687,000SH SOLE 87,00000
GRANITE PT MTG TR INCNOTE 6.375%10/038741LAC11,0411,000,000SH SOLE 1,000,00000
HUDSON PAC PPTYS INCCOM4440971093,20185,000SH SOLE 85,00000
INTERXION HOLDING N.VSHSN472791091,17314,000SH SOLE 14,00000
KKR REAL ESTATE FIN TR INCCOM48251K1002,670130,757SH SOLE 130,75700
KKR REAL ESTATE FIN TR INCNOTE 6.125% 5/148251KAB61,0451,000,000SH SOLE 1,000,00000
LADDER CAP CORPCL A5057431045,861324,874SH SOLE 324,87400
LIBERTY PPTY TRSH BEN INT5311721043,84464,000SH SOLE 64,00000
MGM GROWTH PPTYS LLCCL A COM55303A1055,141166,000SH SOLE 166,00000
PARAMOUNT GROUP INCCOM69924R1085,477393,445SH SOLE 393,44500
PROLOGIS INCCOM74340W1031,38115,500SH SOLE 15,50000
QTS RLTY TR INC6.50% CON PFD B74736A30110,75583,263SH SOLE 83,26300
READY CAP CORP7% CN SR NT 202375574U2002,39589,375SH SOLE 89,37500
READY CAP CORPCOM75574U1011,23580,108SH SOLE 80,10800
RESOURCE CAP CORPNOTE 4.500% 8/176120WAC84,1634,000,000SH SOLE 4,000,00000
RETAIL PPTYS AMER INCCL A76131V20213410,000SH SOLE 10,00000
RETAIL VALUE INCCOM76133Q1022,67872,764SH SOLE 72,76400
RYMAN HOSPITALITY PPTYS INCCOM78377T1071,43016,500SH SOLE 16,50000
SITE CENTERS CORPCOM82981J10925218,000SH SOLE 18,00000
STORE CAP CORPCOM86212110074520,000SH SOLE 20,00000
SUN CMNTYS INCCOM8666741044,24128,250SH SOLE 28,25000
TPG RE FIN TR INCCOM87266M1073,953195,000SH SOLE 195,00000
VEREIT INCCOM92339V10064770,000SH SOLE 70,00000
VICI PPTYS INCCOM9256521093,066120,000SH SOLE 120,00000
VODAFONE GROUP PLC NEWSPONSORED ADR92857W30898651,000SH SOLE 51,00000
ZAYO GROUP HLDGS INCCOM98919V10586625,000SH SOLE 25,00000