FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
COLONY CAPITAL HOLDINGS, LLC

(Last) (First) (Middle)
2540 BROADWAY, 6TH FLOOR

(Street)
SANTA MONICA CA 90404

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/02/2015
3. Issuer Name and Ticker or Trading Symbol
Colony Capital, Inc. [ CLNY ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
OP Units (1) (1) Class A Common Stock 18,399,671 (1) I By Colony Capital, LLC(2)(3)
OP Units (1) (1) Class A Common Stock 1,621,859 (1) I By CCH Management Partners I, LLC(2)(3)
1. Name and Address of Reporting Person*
COLONY CAPITAL HOLDINGS, LLC

(Last) (First) (Middle)
2540 BROADWAY, 6TH FLOOR

(Street)
SANTA MONICA CA 90404

(City) (State) (Zip)
1. Name and Address of Reporting Person*
COLONY CAPITAL, LLC

(Last) (First) (Middle)
2450 BROADWAY, 6TH FLOOR

(Street)
SANTA MONICA CA 90404

(City) (State) (Zip)
Explanation of Responses:
1. The OP Units are redeemable for shares of Class A Common Stock or cash at the discretion of the issuer. The OP Units do not have expiration dates.
2. This Form 3 is being filed (a) by Colony Capital, LLC ("CC"), and (b) by Colony Capital Holdings, LLC ("CCH" and together with CC, the "Reporting Persons"), the sole member of CC. As the sole member and control person of CC, CCH may be deemed to be the indirect beneficial owner of the OP Units beneficially owned by CC. Thomas J. Barrack, Jr., the managing member of CCH, has already reported his beneficial ownership of these OP Units on his Form 4. The acquisition of OP Units represents consideration paid by the issuer in connection with its acquisition of substantially all of CC's real estate and investment management business and operations.
3. Each of the Reporting Persons disclaims beneficial ownership of the OP Units reported herein except to the extent of such Reporting Person's pecuniary interest in such securities.
Remarks:
/s/ Thomas J. Barrack, Jr., as managing member of Colony Capital Holdings, LLC 04/16/2015
/s/ Thomas J. Barrack, Jr., as managing member of Colony Capital Holdings, LLC, the sole member of Colony Capital, LLC 04/16/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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