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  <xsd:element id="clny_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroup" name="CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsDisposalGroup" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_CertainEmployeesMember" name="CertainEmployeesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAccretableYieldBalanceTableTextBlock" name="CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAccretableYieldBalanceTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAccretableYieldDeconsolidation" name="CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAccretableYieldDeconsolidation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAccretableYieldEffectofExchangeRate" name="CertainLoansAcquiredinTransferNotAccountedforasDebtSecuritiesAccretableYieldEffectofExchangeRate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
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  <xsd:element abstract="true" id="clny_ColonyCapitalOperatingCompanyLLCMember" name="ColonyCapitalOperatingCompanyLLCMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ColonyCreditMember" name="ColonyCreditMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ColonyCreditRealEstateSegmentMember" name="ColonyCreditRealEstateSegmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ColonyLatamPartnerFormallyTheAbraajGroupMember" name="ColonyLatamPartnerFormallyTheAbraajGroupMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ColonyMember" name="ColonyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ColonyNorthStarMergerMember" name="ColonyNorthStarMergerMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CombinationAgreementMember" name="CombinationAgreementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CommonStockAndOPUnitsMember" name="CommonStockAndOPUnitsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_CommonStockCapitalSharesReservedForFutureIssuanceAnnualIncreasePercent" name="CommonStockCapitalSharesReservedForFutureIssuanceAnnualIncreasePercent" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_CommonStockConversionRatio" name="CommonStockConversionRatio" nillable="true" substitutionGroup="xbrli:item" type="xbrli:pureItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CompanySponsoredFundsMember" name="CompanySponsoredFundsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CompensationExpenseMember" name="CompensationExpenseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest" name="ComprehensiveIncomeLossNetofTaxAttributabletoRedeemableNoncontrollingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ConsolidatedRealEstateDebtInvestmentsMember" name="ConsolidatedRealEstateDebtInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ConsolidatedopenendfundMember" name="ConsolidatedopenendfundMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ContingentConsiderationMember" name="ContingentConsiderationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ContributionsReceivablefromNoncontrollingInterests" name="ContributionsReceivablefromNoncontrollingInterests" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_ConversionOfUnitsConversionRatio" name="ConversionOfUnitsConversionRatio" nillable="true" substitutionGroup="xbrli:item" type="xbrli:pureItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CorporateAircraftUseReimbursementMember" name="CorporateAircraftUseReimbursementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CorporateLoansMember" name="CorporateLoansMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CorporatePropertyMember" name="CorporatePropertyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_CostReimbursementsMember" name="CostReimbursementsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_CurrentIncomeTaxExpenseBenefitIncludingDiscontinuedOperations" name="CurrentIncomeTaxExpenseBenefitIncludingDiscontinuedOperations" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_CurrentandDeferredTaxLiabilities" name="CurrentandDeferredTaxLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_DBHMember" name="DBHMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DataBankMember" name="DataBankMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DataCenterInfrastructure" name="DataCenterInfrastructure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_DataCenterInfrastructureMember" name="DataCenterInfrastructureMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DataCentersMember" name="DataCentersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DebtAssumedByBuyer" name="DebtAssumedByBuyer" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DebtInstrumentConvertibleConversionOrExchangeRatio" name="DebtInstrumentConvertibleConversionOrExchangeRatio" nillable="true" substitutionGroup="xbrli:item" type="xbrli:pureItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_DebtInstrumentConvertibleConversionOrExchangeShares" name="DebtInstrumentConvertibleConversionOrExchangeShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_DebtInstrumentInterestPaymentDeferralNumberOfConsecutiveQuarters" name="DebtInstrumentInterestPaymentDeferralNumberOfConsecutiveQuarters" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_DebtInstrumentRedemptionPeriod" name="DebtInstrumentRedemptionPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DebtInstrumentTermExtensionOption" name="DebtInstrumentTermExtensionOption" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DebtIssuedtoBuyerinSaleofRealEstate" name="DebtIssuedtoBuyerinSaleofRealEstate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DeconsolidationofsecuritizationtrustsMember" name="DeconsolidationofsecuritizationtrustsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DeferredAssetManagementFeeIncome" name="DeferredAssetManagementFeeIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_DeferredLeasingCostsAndLeaseIntangibleAssetsMember" name="DeferredLeasingCostsAndLeaseIntangibleAssetsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DeferredStockUnitsMember" name="DeferredStockUnitsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DeferredTaxAssetRealEstateLeasesandRelatedIntangibles" name="DeferredTaxAssetRealEstateLeasesandRelatedIntangibles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DeferredTaxAssetsDeferredInterestExpense" name="DeferredTaxAssetsDeferredInterestExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DeferredTaxAssetsInvestmentInPartnerships" name="DeferredTaxAssetsInvestmentInPartnerships" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DeferredTaxAssetsOperatingAndCapitalLossCarryforwards" name="DeferredTaxAssetsOperatingAndCapitalLossCarryforwards" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DeferredTaxAssetsPrepaidTaxesandDeferredTaxAssets" name="DeferredTaxAssetsPrepaidTaxesandDeferredTaxAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DeferredTaxLiabilitiesRealEstateAndLeaseIntangibles" name="DeferredTaxLiabilitiesRealEstateAndLeaseIntangibles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_DeferredTaxLiabilityAssumedInRealEstateAcquisition" name="DeferredTaxLiabilityAssumedInRealEstateAcquisition" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_DeferredTaxLiabilityOtherIntangibleAssets" name="DeferredTaxLiabilityOtherIntangibleAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_DigitalColonyManagerMember" name="DigitalColonyManagerMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DigitalColonyPartnersMember" name="DigitalColonyPartnersMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DigitalMember" name="DigitalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DigitalRealEstateMember" name="DigitalRealEstateMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DisbursementsOnOriginatedLoan" name="DisbursementsOnOriginatedLoan" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_DiscountedCashFlowsMember" name="DiscountedCashFlowsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestAndIncentiveCompensation" name="DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestAndIncentiveCompensation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestDisproportionateAllocationFromNoncontrollingInterests" name="DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestDisproportionateAllocationFromNoncontrollingInterests" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestInEquityMethodEarnings" name="DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestInEquityMethodEarnings" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestSharingCompensation" name="DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCarriedInterestSharingCompensation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCashAndEquityBased" name="DisposalGroupIncludingDiscontinuedOperationCompensationExpenseCashAndEquityBased" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationDueFromAffiliates" name="DisposalGroupIncludingDiscontinuedOperationDueFromAffiliates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationEquityAndDebtInvestments" name="DisposalGroupIncludingDiscontinuedOperationEquityAndDebtInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationEquityBasedCompensationExpense" name="DisposalGroupIncludingDiscontinuedOperationEquityBasedCompensationExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationEquityInvestments" name="DisposalGroupIncludingDiscontinuedOperationEquityInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationEquityMethodEarnings" name="DisposalGroupIncludingDiscontinuedOperationEquityMethodEarnings" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationExpenses" name="DisposalGroupIncludingDiscontinuedOperationExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationGainFromSaleOfRealEstate" name="DisposalGroupIncludingDiscontinuedOperationGainFromSaleOfRealEstate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationImpairmentLoss" name="DisposalGroupIncludingDiscontinuedOperationImpairmentLoss" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationInvestmentAndServicingExpense" name="DisposalGroupIncludingDiscontinuedOperationInvestmentAndServicingExpense" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationLoansReceivable" name="DisposalGroupIncludingDiscontinuedOperationLoansReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationNetAssetsAttributableToNoncontrollingInterest" name="DisposalGroupIncludingDiscontinuedOperationNetAssetsAttributableToNoncontrollingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationPropertyOperatingExpenses" name="DisposalGroupIncludingDiscontinuedOperationPropertyOperatingExpenses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationPropertyOperatingIncome" name="DisposalGroupIncludingDiscontinuedOperationPropertyOperatingIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationRealEstate" name="DisposalGroupIncludingDiscontinuedOperationRealEstate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationRealEstateAssets" name="DisposalGroupIncludingDiscontinuedOperationRealEstateAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationRestrictedCash" name="DisposalGroupIncludingDiscontinuedOperationRestrictedCash" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationsDebt" name="DisposalGroupIncludingDiscontinuedOperationsDebt" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationsFeeIncome" name="DisposalGroupIncludingDiscontinuedOperationsFeeIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationsOtherLossNet" name="DisposalGroupIncludingDiscontinuedOperationsOtherLossNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DisposalGroupIncludingDiscontinuedOperationsPlacementFees" name="DisposalGroupIncludingDiscontinuedOperationsPlacementFees" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_DistributionsPayableToNoncontrollingInterestIncludedInOtherLiabilities" name="DistributionsPayableToNoncontrollingInterestIncludedInOtherLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_DueToAffiliatesDeferredConsideration" name="DueToAffiliatesDeferredConsideration" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_DuefromEmployeesandOtherAffiliatedEntitiesMember" name="DuefromEmployeesandOtherAffiliatedEntitiesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_EarningsFromInvestmentsInUnconsolidatedVenturesMember" name="EarningsFromInvestmentsInUnconsolidatedVenturesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_EarningsperShareReconciliationInterestExpenseExcluded" name="EarningsperShareReconciliationInterestExpenseExcluded" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActAmount" name="EffectiveIncomeTaxRateReconciliationTaxCutsAndJobsActAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityAndDebtInvestments" name="EquityAndDebtInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_EquityAwardsNREAndColonyCreditMember" name="EquityAwardsNREAndColonyCreditMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityBasedCompensationThresholdConsecutiveTradingDays" name="EquityBasedCompensationThresholdConsecutiveTradingDays" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_EquityInEarningsLossesOfUnconsolidatedVenturesMember" name="EquityInEarningsLossesOfUnconsolidatedVenturesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityInOtherComprehensiveLossIncomeOfUnconsolidatedJointVenture" name="EquityInOtherComprehensiveLossIncomeOfUnconsolidatedJointVenture" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityMethodInvestmentOtherthanTemporaryImpairmentNotRecognized" name="EquityMethodInvestmentOtherthanTemporaryImpairmentNotRecognized" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityMethodInvestmentOwnershipPercentageOfNoncontrollingInterest" name="EquityMethodInvestmentOwnershipPercentageOfNoncontrollingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:pureItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityMethodInvestmentRemainingUnfundedCommitment" name="EquityMethodInvestmentRemainingUnfundedCommitment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossAttributableToNoncontrollingInterest" name="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossAttributableToNoncontrollingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossAttributableToOwners" name="EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLossAttributableToOwners" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityMethodInvestmentsProportionateShareOfIncomeLagPeriod" name="EquityMethodInvestmentsProportionateShareOfIncomeLagPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_EquityandDebtInvestmentsFairValueDisclosure" name="EquityandDebtInvestmentsFairValueDisclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_EscrowReserves" name="EscrowReserves" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_ExchangeOfNoteForCommonStock" name="ExchangeOfNoteForCommonStock" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionDiscountRate" name="FairValueAssumptionDiscountRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionDiscountRateForFutureFeeIncome" name="FairValueAssumptionDiscountRateForFutureFeeIncome" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionDiscountRateForFutureManagementFees" name="FairValueAssumptionDiscountRateForFutureManagementFees" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionFeeRelatedEarningsMultiple" name="FairValueAssumptionFeeRelatedEarningsMultiple" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionIncentiveFeeMultiple" name="FairValueAssumptionIncentiveFeeMultiple" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionsRealEstateInvestmentsCapitalizationRate" name="FairValueAssumptionsRealEstateInvestmentsCapitalizationRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionsRealEstateInvestmentsDiscountRate" name="FairValueAssumptionsRealEstateInvestmentsDiscountRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueAssumptionsRealEstateInvestmentsTerminalCapitalizationRate" name="FairValueAssumptionsRealEstateInvestmentsTerminalCapitalizationRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueInputsSellingCostsPercentofFairValue" name="FairValueInputsSellingCostsPercentofFairValue" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerSharePeriodPriorToDeterminingLiquidityAlternatives" name="FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerSharePeriodPriorToDeterminingLiquidityAlternatives" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueInvestmentsEntitiesthatCalculateNetAssetValuePerShareExpectedLifeOfInvestment" name="FairValueInvestmentsEntitiesthatCalculateNetAssetValuePerShareExpectedLifeOfInvestment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueInvestmentsEntitiesthatCalculateNetAssetValuePerShareExpectedLifeOfInvestmentExtensionIncrementPeriod" name="FairValueInvestmentsEntitiesthatCalculateNetAssetValuePerShareExpectedLifeOfInvestmentExtensionIncrementPeriod" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueInvestmentsEntitiesthatCalculateNetAssetValuePerShareExpectedLifeOfInvestmentExtensionPeriodThreshold" name="FairValueInvestmentsEntitiesthatCalculateNetAssetValuePerShareExpectedLifeOfInvestmentExtensionPeriodThreshold" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementDiscountRateForProjectedFutureRoyaltyFees" name="FairValueMeasurementDiscountRateForProjectedFutureRoyaltyFees" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementPotentialCarriedInterestDiscountRate" name="FairValueMeasurementPotentialCarriedInterestDiscountRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLiabilitiesIntoEquity" name="FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLiabilitiesIntoEquity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetContribution" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetContribution" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetDeconsolidation" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetDeconsolidation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDeconsolidation" name="FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDeconsolidation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAcquiredThroughtheMerger" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetAcquiredThroughtheMerger" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetConsolidationOfSecuritizationTrust" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetConsolidationOfSecuritizationTrust" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetUnrecognizedGainLossInAccumulatedOtherComprehensiveIncome" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetUnrecognizedGainLossInAccumulatedOtherComprehensiveIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityConsiderationForBusinessCombination" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityConsiderationForBusinessCombination" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityConsolidationOfSecuritizationTrust" name="FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityConsolidationOfSecuritizationTrust" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueOfDigitalColonyManagerContractIntangibleConsolidated" name="FairValueOfDigitalColonyManagerContractIntangibleConsolidated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_FairValueOptionPolicyPolicyTextBlock" name="FairValueOptionPolicyPolicyTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FeeIncomePolicyTextBlock" name="FeeIncomePolicyTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FeeIncomeTextBlock" name="FeeIncomeTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FinancingCostsPolicyTextBlock" name="FinancingCostsPolicyTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FinancingReceivableModificationsDefaultNumberofContractsOutstanding" name="FinancingReceivableModificationsDefaultNumberofContractsOutstanding" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_FinancingReceivableNumberOfContractsAcquired" name="FinancingReceivableNumberOfContractsAcquired" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_FinancingReceivablesCurrentofLessThan30DaysPastDueMember" name="FinancingReceivablesCurrentofLessThan30DaysPastDueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FiniteLivedIntangibleAssetMeasurementInput" name="FiniteLivedIntangibleAssetMeasurementInput" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FiniteLivedIntangibleAssetsAmortization" name="FiniteLivedIntangibleAssetsAmortization" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_FiniteLivedIntangibleLiabilitiesNetAbstract" name="FiniteLivedIntangibleLiabilitiesNetAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_FixedLeaseRevenueMember" name="FixedLeaseRevenueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_FixedRateCommercialMortgageMember" name="FixedRateCommercialMortgageMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_FixedRateMember" name="FixedRateMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_Foreclosuresandexchangesofloansreceivableforrealestate" name="Foreclosuresandexchangesofloansreceivableforrealestate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ForeignCurrencyRiskMember" name="ForeignCurrencyRiskMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ForeignExchangeCollarsMember" name="ForeignExchangeCollarsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_FundsAndRetailCompaniesMember" name="FundsAndRetailCompaniesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_FurnitureFixturesEquipmentandCapitalizedSoftwareMember" name="FurnitureFixturesEquipmentandCapitalizedSoftwareMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_FurnitureFixturesandEquipmentMember" name="FurnitureFixturesandEquipmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_FurnitureFixturesandEquipmentNet" name="FurnitureFixturesandEquipmentNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_GainsLossesOnSalesOfRealEstateAssetsNet" name="GainsLossesOnSalesOfRealEstateAssetsNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_GainsLossesOnSalesOfRealEstateHeldforInvestmentandHeldforSale" name="GainsLossesOnSalesOfRealEstateHeldforInvestmentandHeldforSale" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_GroundLeaseObligationsMember" name="GroundLeaseObligationsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_GroundLeasesMember" name="GroundLeasesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HealthcareAndHospitalityMember" name="HealthcareAndHospitalityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HealthcarePropertiesMember" name="HealthcarePropertiesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HealthcareSegmentMember" name="HealthcareSegmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HealthcareStrategicPartnershipMember" name="HealthcareStrategicPartnershipMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HospitalityMember" name="HospitalityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HospitalsMember" name="HospitalsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HotelExtendedStayMember" name="HotelExtendedStayMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HotelFullServiceMember" name="HotelFullServiceMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HotelMixedIndustrialLeisureMultifamilyOfficeRetailAndResidentialOtherEquityandDebtMember" name="HotelMixedIndustrialLeisureMultifamilyOfficeRetailAndResidentialOtherEquityandDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HotelOperatingIncomeMember" name="HotelOperatingIncomeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_HotelOtherEquityandDebtMember" name="HotelOtherEquityandDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_HotelRelatedReserve" name="HotelRelatedReserve" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_HotelSelectServicesMember" name="HotelSelectServicesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ImpairmentofRealEstateandIntangibleAssets" name="ImpairmentofRealEstateandIntangibleAssets" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_IncentiveFeePercentage" name="IncentiveFeePercentage" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_IncomeLossFromContinuingAndDiscontinuedOperationsBeforeIncomeTaxesNoncontrollingInterest" name="IncomeLossFromContinuingAndDiscontinuedOperationsBeforeIncomeTaxesNoncontrollingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_IncomeLossFromEquityMethodInvesteeCarriedInterest" name="IncomeLossFromEquityMethodInvesteeCarriedInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_IncomeLossFromEquityMethodInvestmentsIncludingCarriedInterest" name="IncomeLossFromEquityMethodInvestmentsIncludingCarriedInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" name="IncomeTaxExpenseBenefitIncludingDiscontinuedOperations" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_IncreaseDecreaseinEscrowPayable" name="IncreaseDecreaseinEscrowPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_IndustrialMember" name="IndustrialMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_IndustrialOtherEquityandDebtMember" name="IndustrialOtherEquityandDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_IntangibleLiabilitiesNet" name="IntangibleLiabilitiesNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_InvestmentCommitmentsMember" name="InvestmentCommitmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_InvestmentDepositsAndPendingDealCosts" name="InvestmentDepositsAndPendingDealCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_InvestmentDepositsAppliedToAcquisitionOfLoanReceivableRealEstate" name="InvestmentDepositsAppliedToAcquisitionOfLoanReceivableRealEstate" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_InvestmentManagementContractsMember" name="InvestmentManagementContractsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_InvestmentManagementMember" name="InvestmentManagementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_InvestmentPropertiesMember" name="InvestmentPropertiesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_InvestmentServicingAndCommissionExpenseMember" name="InvestmentServicingAndCommissionExpenseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_InvestmentVehiclesMember" name="InvestmentVehiclesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_InvestmentsinUnconsolidatedVenturesMember" name="InvestmentsinUnconsolidatedVenturesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_IrelandFranceMember" name="IrelandFranceMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_IrelandTwoMember" name="IrelandTwoMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_JPMorganChaseBankN.A.Member" name="JPMorganChaseBankN.A.Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_LTIPUnitsMember" name="LTIPUnitsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_LeaseIntangiblesMember" name="LeaseIntangiblesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_LeaseTypeAxis" name="LeaseTypeAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_LeaseTypeDomain" name="LeaseTypeDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_LendingCommitmentsAmount" name="LendingCommitmentsAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_LiabilitiesOfConsolidatedSecuritizationTrust" name="LiabilitiesOfConsolidatedSecuritizationTrust" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_LiabilitiesPaidRelatedToMergerNetofCashAcquired" name="LiabilitiesPaidRelatedToMergerNetofCashAcquired" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_Liabilitiesofinvestmententitiesdeconsolidated" name="Liabilitiesofinvestmententitiesdeconsolidated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_LightIndustrialPlatformMember" name="LightIndustrialPlatformMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_LightindustrialMember" name="LightindustrialMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_LineOfCreditFacilityExtensionTerm" name="LineOfCreditFacilityExtensionTerm" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_LineOfCreditFacilityNumberOfExtensionOptions" name="LineOfCreditFacilityNumberOfExtensionOptions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_LineofCreditFacilityExtensionCommitmentFee" name="LineofCreditFacilityExtensionCommitmentFee" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_LineofCreditMaximumPrincipalAmountIncrease" name="LineofCreditMaximumPrincipalAmountIncrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_LoansAcquiredThroughConsolidationofInvestmentEntitiesTableTextBlock" name="LoansAcquiredThroughConsolidationofInvestmentEntitiesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_LoansAcquiredthroughConsolidationMember" name="LoansAcquiredthroughConsolidationMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_LoansWeightedAverageMaturityInYears" name="LoansWeightedAverageMaturityInYears" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_LongTermDebtCovenantComplianceNotInCompliance" name="LongTermDebtCovenantComplianceNotInCompliance" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_ManagedCompanyAwardsMember" name="ManagedCompanyAwardsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementAgreementTerminationFee" name="ManagementAgreementTerminationFee" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ManagementContractMember" name="ManagementContractMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ManagementFeeIncomeLineItems" name="ManagementFeeIncomeLineItems" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ManagementFeeIncomeTable" name="ManagementFeeIncomeTable" nillable="true" substitutionGroup="xbrldt:hypercubeItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeePercentOfNetAssetValue" name="ManagementFeePercentOfNetAssetValue" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeePercentOfNetAssetValueInExcessOfFixedFeeAmount" name="ManagementFeePercentOfNetAssetValueInExcessOfFixedFeeAmount" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeePercentOfStockholderEquity" name="ManagementFeePercentOfStockholderEquity" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeePercentageThresholdAmount" name="ManagementFeePercentageThresholdAmount" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_ManagementFeePercentofAverageNetAssets" name="ManagementFeePercentofAverageNetAssets" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeePercentofGrossAssetsOrEquity" name="ManagementFeePercentofGrossAssetsOrEquity" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeesRevenuePercentAllocatedToEmployees" name="ManagementFeesRevenuePercentAllocatedToEmployees" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeesRevenuePercentOfAmountFundedOrAllocatedToOriginateOrAcquireInvestment" name="ManagementFeesRevenuePercentOfAmountFundedOrAllocatedToOriginateOrAcquireInvestment" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeesRevenuePercentOfContractualSalesPriceForDispositionOfInvestment" name="ManagementFeesRevenuePercentOfContractualSalesPriceForDispositionOfInvestment" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeesRevenuePercentOfLimitedPartnerNetFundedCapital" name="ManagementFeesRevenuePercentOfLimitedPartnerNetFundedCapital" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ManagementFeesRevenuePercentOfTotalCommitmentsDuringCommitmentPeriodAndThereafterInvestedCapital" name="ManagementFeesRevenuePercentOfTotalCommitmentsDuringCommitmentPeriodAndThereafterInvestedCapital" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ManagementServiceAcquisitionAndDispositionMember" name="ManagementServiceAcquisitionAndDispositionMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ManagementServiceOtherMember" name="ManagementServiceOtherMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ManagementandAdvisoryFeesMember" name="ManagementandAdvisoryFeesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_MedicalOfficeBuildingsMember" name="MedicalOfficeBuildingsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_MezzanineLoansMember" name="MezzanineLoansMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_MinimumAffirmativeVoteRequiredforChangestoAnySeriesofPreferredStock" name="MinimumAffirmativeVoteRequiredforChangestoAnySeriesofPreferredStock" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_MinimumPeriodOfDividendDefaultsProvidingPreferredStockholdersToVotingRights" name="MinimumPeriodOfDividendDefaultsProvidingPreferredStockholdersToVotingRights" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_MixedOtherEquityandDebtMember" name="MixedOtherEquityandDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_MixedUseMember" name="MixedUseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstateConsolidationofLoansReceivableHeldByInvestmentEntitiesandSecuritizationTrusts" name="MortgageLoansonRealEstateConsolidationofLoansReceivableHeldByInvestmentEntitiesandSecuritizationTrusts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstateDiscountandNetLoanFeeAmortization" name="MortgageLoansonRealEstateDiscountandNetLoanFeeAmortization" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstateEffectofChangeinForeignExchangeRatesIncreaseDecrease" name="MortgageLoansonRealEstateEffectofChangeinForeignExchangeRatesIncreaseDecrease" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstateLoanRepayments" name="MortgageLoansonRealEstateLoanRepayments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstateLoansAcquiredinMerger" name="MortgageLoansonRealEstateLoansAcquiredinMerger" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstatePaidinKIndInterestAddedtoLoanPrincipal" name="MortgageLoansonRealEstatePaidinKIndInterestAddedtoLoanPrincipal" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstatePaymentsReceivedonPCILoans" name="MortgageLoansonRealEstatePaymentsReceivedonPCILoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstateProvisionforLoanLosses" name="MortgageLoansonRealEstateProvisionforLoanLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_MortgageLoansonRealEstateThresholdforAggregation" name="MortgageLoansonRealEstateThresholdforAggregation" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_MultipleValuationTechniqueMember" name="MultipleValuationTechniqueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NREAndColonyCreditMember" name="NREAndColonyCreditMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NREMember" name="NREMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
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  <xsd:element abstract="true" id="clny_NSAMAndNRFMember" name="NSAMAndNRFMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
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  <xsd:element abstract="true" id="clny_NStarCDOBondsMember" name="NStarCDOBondsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_NetAssetsAcquiredInAcquisition" name="NetAssetsAcquiredInAcquisition" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_NetAssetsAcquiredInRestructuring" name="NetAssetsAcquiredInRestructuring" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_NetAssetsOfInvestmentEntityDeconsolidatedNetOfCashContributed" name="NetAssetsOfInvestmentEntityDeconsolidatedNetOfCashContributed" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_NetAssetsOfSponsoredFundConsolidatedNetOfCashAssumed" name="NetAssetsOfSponsoredFundConsolidatedNetOfCashAssumed" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestExcludingRedeemableNoncontrollingInterest" name="NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestExcludingRedeemableNoncontrollingInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_NetIncreaseDecreasetoRentalIncome" name="NetIncreaseDecreasetoRentalIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_NetInvestmentHedgeGainLossReclassifiedtoEarningsNet" name="NetInvestmentHedgeGainLossReclassifiedtoEarningsNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_Netassetsofsecuritizationtrustsdeconsolidated" name="Netassetsofsecuritizationtrustsdeconsolidated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NonRecourseMember" name="NonRecourseMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NonTradedREITMember" name="NonTradedREITMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_NoncontrollingInterestCostOfNewCapital" name="NoncontrollingInterestCostOfNewCapital" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NoncontrollingInterestsinInvestmentEntitiesMember" name="NoncontrollingInterestsinInvestmentEntitiesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NoncontrollingInterestsinOperatingCompanyMember" name="NoncontrollingInterestsinOperatingCompanyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_Noncontrollinginterestsofinvestmententitiesdeconsolidated" name="Noncontrollinginterestsofinvestmententitiesdeconsolidated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NonrecourseRealEstateDebtInvestmentMember" name="NonrecourseRealEstateDebtInvestmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NorthStarHealthcareMember" name="NorthStarHealthcareMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NorthStarIAndNorthStarIIMember" name="NorthStarIAndNorthStarIIMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NorthStarRXRNYMetroMember" name="NorthStarRXRNYMetroMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NorthStarRealtyEuropeCorp.NREMember" name="NorthStarRealtyEuropeCorp.NREMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_NorthStarRealtyFinanceCorp.Member" name="NorthStarRealtyFinanceCorp.Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_NumberOfDirectorsVoteEntitles" name="NumberOfDirectorsVoteEntitles" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_NumberOfLendingCommitmentsOutstanding" name="NumberOfLendingCommitmentsOutstanding" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_NumberOfPortfolioCompaniesManagedByAcquiree" name="NumberOfPortfolioCompaniesManagedByAcquiree" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_NumberofEquityMethodInvestments" name="NumberofEquityMethodInvestments" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_NumberofRealEstatePropertiesAcquiredinForeclosure" name="NumberofRealEstatePropertiesAcquiredinForeclosure" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_NumeratorForBasicAndDilutedNetIncomeAllocatedToCommonStockholders" name="NumeratorForBasicAndDilutedNetIncomeAllocatedToCommonStockholders" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OPUnitsMember" name="OPUnitsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_OPUnitstoCommonStockConversionRatio" name="OPUnitstoCommonStockConversionRatio" nillable="true" substitutionGroup="xbrli:item" type="xbrli:pureItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OfficeAndIndustrialMember" name="OfficeAndIndustrialMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OfficeIndustrialOtherEquityandDebtMember" name="OfficeIndustrialOtherEquityandDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OfficeLeasesMember" name="OfficeLeasesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OfficeMember" name="OfficeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OfficeOtherEquityandDebtMember" name="OfficeOtherEquityandDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OneMonthLIBORMember" name="OneMonthLIBORMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_OperatingLeasePaymentsForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities" name="OperatingLeasePaymentsForAmountsIncludedInMeasurementOfOperatingLeaseLiabilities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OperatingPartnershipUnitMember" name="OperatingPartnershipUnitMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_OtherComprehensiveIncomeLossDeconsolidationNetOfTax" name="OtherComprehensiveIncomeLossDeconsolidationNetOfTax" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_OtherComprehensiveIncomeLossNetForeignInvestmentHedgesGainLossNetofTax" name="OtherComprehensiveIncomeLossNetForeignInvestmentHedgesGainLossNetofTax" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherEquityAndDebtMember" name="OtherEquityAndDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherGainLossNetMember" name="OtherGainLossNetMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherGeographicalMember" name="OtherGeographicalMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_OtherIncomePolicyTextBlock" name="OtherIncomePolicyTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherInvestmentVenturesMember" name="OtherInvestmentVenturesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherInvestmentVenturesatFairValueMember" name="OtherInvestmentVenturesatFairValueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherMember" name="OtherMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherRealEstateEquityInvestmentsMember" name="OtherRealEstateEquityInvestmentsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_OtherRealEstateIntangiblesMember" name="OtherRealEstateIntangiblesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_PaidInKindInterestAddedToLoanPrincipalNetofInterestReceived" name="PaidInKindInterestAddedToLoanPrincipalNetofInterestReceived" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PartnersCapitalAccountUnitsIssued" name="PartnersCapitalAccountUnitsIssued" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_PartnersCapitalAccountUnitsRedeemedforCash" name="PartnersCapitalAccountUnitsRedeemedforCash" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_PaymentsForInvestmentDeposits" name="PaymentsForInvestmentDeposits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PaymentsForRedemptionOfUnits" name="PaymentsForRedemptionOfUnits" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PaymentsForRepurchaseOfExchangeableSeniorNotes" name="PaymentsForRepurchaseOfExchangeableSeniorNotes" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PaymentsOfCashAndRestrictedCashToSubsidiary" name="PaymentsOfCashAndRestrictedCashToSubsidiary" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PaymentsToAcquireLoansReceivableAndDebtSecurities" name="PaymentsToAcquireLoansReceivableAndDebtSecurities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PaymentsToAcquireRealEstateAndRelatedIntangibleAssetsAndLeasingCommissions" name="PaymentsToAcquireRealEstateAndRelatedIntangibleAssetsAndLeasingCommissions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PaymentsToSettleCallSpreadOptions" name="PaymentsToSettleCallSpreadOptions" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PerformanceStockUnits2019GrantMember" name="PerformanceStockUnits2019GrantMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PerformanceStockUnitsMember" name="PerformanceStockUnitsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_PlacementFees" name="PlacementFees" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_PreTaxIncomeFromPassThroughSubsidiaries" name="PreTaxIncomeFromPassThroughSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PreTaxIncomeFromTaxableSubsidiaries" name="PreTaxIncomeFromTaxableSubsidiaries" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PreferredEquityInvestmentMember" name="PreferredEquityInvestmentMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_PreferredStockIssuedForAcquisition" name="PreferredStockIssuedForAcquisition" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_PreferredStockRedemptionPayable" name="PreferredStockRedemptionPayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_PrepaidRentandUnearnedRevenue" name="PrepaidRentandUnearnedRevenue" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_PrivateFundEmergingMarketPrivateEquityMember" name="PrivateFundEmergingMarketPrivateEquityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PrivateFundRealEstateMember" name="PrivateFundRealEstateMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PrivateFundsCarriedInterestMember" name="PrivateFundsCarriedInterestMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PrivateFundsMember" name="PrivateFundsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PrivateInvestmentVehiclesAndOtherMember" name="PrivateInvestmentVehiclesAndOtherMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ProceedsFromLoanRepaymentsAndAssetSalesHeldInEscrowAndRestrictedCash" name="ProceedsFromLoanRepaymentsAndAssetSalesHeldInEscrowAndRestrictedCash" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_ProceedsFromSaleofInterestAllocated" name="ProceedsFromSaleofInterestAllocated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_ProceedsfromExcessofAccretiononNonperformingFinancingReceivable" name="ProceedsfromExcessofAccretiononNonperformingFinancingReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_Proceedsfromsaleofloansreceivableandsecurities" name="Proceedsfromsaleofloansreceivableandsecurities" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_Proceedsfromsyndicationofinvestmentnetofcashdeconsolidated" name="Proceedsfromsyndicationofinvestmentnetofcashdeconsolidated" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
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  <xsd:element id="clny_PropertyManagementAndSubAdvisoryFees" name="PropertyManagementAndSubAdvisoryFees" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_PropertyOperatingIncomePolicyTextBlock" name="PropertyOperatingIncomePolicyTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ProvisionForLoanLosses" name="ProvisionForLoanLosses" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_ProvisionForLoanLossesByLoanTypeTableTextBlock" name="ProvisionForLoanLossesByLoanTypeTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PublicFundsMember" name="PublicFundsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_PurchasedCreditImpairedLoansMember" name="PurchasedCreditImpairedLoansMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RXRRealtyMember" name="RXRRealtyMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RateAxis" name="RateAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RateDomain" name="RateDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RealEstateEscrowReservesMember" name="RealEstateEscrowReservesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
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  <xsd:element id="clny_RealEstateInvestmentsExcludingRealEstateHeldForSale" name="RealEstateInvestmentsExcludingRealEstateHeldForSale" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
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  <xsd:element abstract="true" id="clny_ReceivablesOriginatedorAcquiredWithoutDeterioratedCreditQualityMember" name="ReceivablesOriginatedorAcquiredWithoutDeterioratedCreditQualityMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RecentTransactionPriceMember" name="RecentTransactionPriceMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ReclassificationOfContingentConsiderationOutOfLiability" name="ReclassificationOfContingentConsiderationOutOfLiability" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ReconciliationOfCashCashEquivalentsAndRestrictedCashToConsolidatedBalanceSheetsAbstract" name="ReconciliationOfCashCashEquivalentsAndRestrictedCashToConsolidatedBalanceSheetsAbstract" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RecourseDebtMember" name="RecourseDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RecoverableExpensesMember" name="RecoverableExpensesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RedeemablenoncontrollinginterestsMember" name="RedeemablenoncontrollinginterestsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_RedemptionOfPartnershipUnitsForCommonStock" name="RedemptionOfPartnershipUnitsForCommonStock" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RegisteredInvestmentCompaniesMember" name="RegisteredInvestmentCompaniesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_RelatedPartyTransactionExpectedReimbursableDirectAndIndirectOperatingCostsPercentOfNetIncome" name="RelatedPartyTransactionExpectedReimbursableDirectAndIndirectOperatingCostsPercentOfNetIncome" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_RelatedPartyTransactionExpectedReimbursableIndirectCostsPercentOfCombinedGeneralAndAdministrativeCosts" name="RelatedPartyTransactionExpectedReimbursableIndirectCostsPercentOfCombinedGeneralAndAdministrativeCosts" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_RelatedPartyTransactionExpectedReimbursableOrganizationAndOfferingCostsExcludingSellingCommissionsAndDealerManagerFeeAsPercentageOfTotalPrimaryOfferingProceeds" name="RelatedPartyTransactionExpectedReimbursableOrganizationAndOfferingCostsExcludingSellingCommissionsAndDealerManagerFeeAsPercentageOfTotalPrimaryOfferingProceeds" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_RelatedPartyTransactionPercentageOfAverageInvestedAssetsReimbursableAsOperatingCosts" name="RelatedPartyTransactionPercentageOfAverageInvestedAssetsReimbursableAsOperatingCosts" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ReplacementEquityBasedAwardsMember" name="ReplacementEquityBasedAwardsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ResolutionOfInvestmentsReceivable" name="ResolutionOfInvestmentsReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
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  <xsd:element id="clny_RestrictedCashOtherAssetsAndOtherLiabilitiesTextBlock" name="RestrictedCashOtherAssetsAndOtherLiabilitiesTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
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  <xsd:element abstract="true" id="clny_RetailCompaniesRealEstateMember" name="RetailCompaniesRealEstateMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_RetailOtherEquityandDebtMember" name="RetailOtherEquityandDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_RevenuesLessCostReimbursementIncome" name="RevenuesLessCostReimbursementIncome" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_RoyaltyRate" name="RoyaltyRate" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAssumedThroughBusinessCombinations" name="SECSchedule1228RealEstateCompaniesInvestmentInRealEstateAssumedThroughBusinessCombinations" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECSchedule1228RealEstateCompaniesInvestmentInRealEstateNumberOfPropertiesUnderLeaseholdInterest" name="SECSchedule1228RealEstateCompaniesInvestmentInRealEstateNumberOfPropertiesUnderLeaseholdInterest" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_SECSchedule1228RealEstateCompaniesInvestmentinRealEstateGrossEffectofChangesinForeignExchangeRates" name="SECSchedule1228RealEstateCompaniesInvestmentinRealEstateGrossEffectofChangesinForeignExchangeRates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeconsolidation" name="SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateDeconsolidation" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateLoansReceivableContributed" name="SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateLoansReceivableContributed" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateAccretiononPCILoans" name="SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateAccretiononPCILoans" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateTransferofLoansHeldforSale" name="SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateTransferofLoansHeldforSale" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECScheduleIIIRealEstateAccumulatedDepreciationBeforeReclassificationtoHeldforSale" name="SECScheduleIIIRealEstateAccumulatedDepreciationBeforeReclassificationtoHeldforSale" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_SECScheduleIIIRealEstateAccumulatedDepreciationDeconsolidationByInvestmentEntity" name="SECScheduleIIIRealEstateAccumulatedDepreciationDeconsolidationByInvestmentEntity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECScheduleIIIRealEstateAccumulatedDepreciationEffectofForeignExchangeRates" name="SECScheduleIIIRealEstateAccumulatedDepreciationEffectofForeignExchangeRates" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECScheduleIIIRealEstateAccumulatedDepreciationRealEstateHeldforSaleNet" name="SECScheduleIIIRealEstateAccumulatedDepreciationRealEstateHeldforSaleNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_SECScheduleIIIRealEstateDeconsolidationByInvestmentEntity" name="SECScheduleIIIRealEstateDeconsolidationByInvestmentEntity" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="duration" />
  <xsd:element id="clny_SECScheduleIIIRealEstateGrossHeldforSaleNet" name="SECScheduleIIIRealEstateGrossHeldforSaleNet" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_SECScheduleIIIRealEstateHeldforInvestment" name="SECScheduleIIIRealEstateHeldforInvestment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element id="clny_ScheduleOfFairValueOfMergerConsiderationTableTextBlock" name="ScheduleOfFairValueOfMergerConsiderationTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ScheduleOfProceedsFromSalesOfRealEstateTableTextBlock" name="ScheduleOfProceedsFromSalesOfRealEstateTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ScheduleofAssetManagementandOtherFeesTableTextBlock" name="ScheduleofAssetManagementandOtherFeesTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ScheduleofComponentsofPropertyOperatingIncomeTableTextBlock" name="ScheduleofComponentsofPropertyOperatingIncomeTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ScheduleofIntangibleAssetsandLiabilitiesIncludingGoodwillAcquiredasPartofBusinessCombinationTableTextBlock" name="ScheduleofIntangibleAssetsandLiabilitiesIncludingGoodwillAcquiredasPartofBusinessCombinationTableTextBlock" nillable="true" substitutionGroup="xbrli:item" type="nonnum:textBlockItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SecuredandUnsecuredDebtMember" name="SecuredandUnsecuredDebtMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SecuritizationVehiclesMember" name="SecuritizationVehiclesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SeniorManagementMember" name="SeniorManagementMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SeniorNotes3.875PercentDue2021Member" name="SeniorNotes3.875PercentDue2021Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SeniorNotes5.00PercentDue2023Member" name="SeniorNotes5.00PercentDue2023Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SeniorNotes5.375PercentDueJune2033Member" name="SeniorNotes5.375PercentDueJune2033Member" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SeriesABCFPreferredStockMember" name="SeriesABCFPreferredStockMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
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  <xsd:element abstract="true" id="clny_SeriesIandJPreferredStockMember" name="SeriesIandJPreferredStockMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
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  <xsd:element abstract="true" id="clny_ShareActivitiesOfPreferredAndCommonStockRollForward" name="ShareActivitiesOfPreferredAndCommonStockRollForward" nillable="true" substitutionGroup="xbrli:item" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ShareBasedCompensationArrangementByShareBasedPaymentAwardContingentConsiderationNumberOfAdditionalShares" name="ShareBasedCompensationArrangementByShareBasedPaymentAwardContingentConsiderationNumberOfAdditionalShares" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="instant" />
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  <xsd:element id="clny_ShareBasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsSharesIssuedPercent" name="ShareBasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsSharesIssuedPercent" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_SharePriceRange" name="SharePriceRange" nillable="true" substitutionGroup="xbrli:item" type="num:perShareItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_ShareRepurchasePayable" name="ShareRepurchasePayable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element id="clny_SharebasedCompensationArrangementsBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsVestingTargetPrice" name="SharebasedCompensationArrangementsBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsVestingTargetPrice" nillable="true" substitutionGroup="xbrli:item" type="num:perShareItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_SharesCanceledforTaxWithholdingonVestedStockAwards" name="SharesCanceledforTaxWithholdingonVestedStockAwards" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SiteImprovementsMember" name="SiteImprovementsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_SkilledNursingFacilitiesMember" name="SkilledNursingFacilitiesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_StockIssuedDuringPeriodSharesIssuedForSettlementOfContingentConsideration" name="StockIssuedDuringPeriodSharesIssuedForSettlementOfContingentConsideration" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_StockIssuedforPartnersCapitalUnitsRedeemed" name="StockIssuedforPartnersCapitalUnitsRedeemed" nillable="true" substitutionGroup="xbrli:item" type="xbrli:sharesItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_StockRepurchaseProgramExtensionTerm" name="StockRepurchaseProgramExtensionTerm" nillable="true" substitutionGroup="xbrli:item" type="xbrli:durationItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_StraightlineRentReceivable" name="StraightlineRentReceivable" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_SubordinatedDebtandMezzanineMember" name="SubordinatedDebtandMezzanineMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_THLHotelPortfolioMember" name="THLHotelPortfolioMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_TenantLockBoxesMember" name="TenantLockBoxesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_TerminationFeeMember" name="TerminationFeeMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ThirdPartyInvestorsMember" name="ThirdPartyInvestorsMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ThreeMonthEuriborMember" name="ThreeMonthEuriborMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ThreeMonthGBPLIBORMember" name="ThreeMonthGBPLIBORMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_ThreeMonthLIBORMember" name="ThreeMonthLIBORMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_TotalLeaseRevenueMember" name="TotalLeaseRevenueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_TownsendGroupMember" name="TownsendGroupMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_TransactionRelatedCosts" name="TransactionRelatedCosts" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="debit" xbrli:periodType="duration" />
  <xsd:element id="clny_TroubledDebtRestructuringAllowanceForLoanLoss" name="TroubledDebtRestructuringAllowanceForLoanLoss" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_TrustMember" name="TrustMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_TypeOfLeaseAxis" name="TypeOfLeaseAxis" nillable="true" substitutionGroup="xbrldt:dimensionItem" type="xbrli:stringItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_TypeOfLeaseDomain" name="TypeOfLeaseDomain" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_UnfundedLendingCommitment" name="UnfundedLendingCommitment" nillable="true" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType" xbrli:balance="credit" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_UnnamedInvestmentManagementBusinessMember" name="UnnamedInvestmentManagementBusinessMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_VariableInterestEntityNumberOfSecuritizationVehiclesContributed" name="VariableInterestEntityNumberOfSecuritizationVehiclesContributed" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_VariableInterestEntityNumberOfSecuritizationVehiclesSold" name="VariableInterestEntityNumberOfSecuritizationVehiclesSold" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_VariableInterestEntitySecuritizationVehiclesHeld" name="VariableInterestEntitySecuritizationVehiclesHeld" nillable="true" substitutionGroup="xbrli:item" type="xbrli:integerItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_VariableInterestEntityUnconsolidatedMember" name="VariableInterestEntityUnconsolidatedMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_VariableLeaseRevenueMember" name="VariableLeaseRevenueMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element abstract="true" id="clny_VariableRateMember" name="VariableRateMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
  <xsd:element id="clny_VotingRightsAttributabletoEachShare" name="VotingRightsAttributabletoEachShare" nillable="true" substitutionGroup="xbrli:item" type="xbrli:decimalItemType" xbrli:periodType="instant" />
  <xsd:element id="clny_WeightedAverageCouponRateOfLoans" name="WeightedAverageCouponRateOfLoans" nillable="true" substitutionGroup="xbrli:item" type="num:percentItemType" xbrli:periodType="instant" />
  <xsd:element abstract="true" id="clny_WorkingCapitalandOtherReservesMember" name="WorkingCapitalandOtherReservesMember" nillable="true" substitutionGroup="xbrli:item" type="nonnum:domainItemType" xbrli:periodType="duration" />
</xsd:schema>
