Tom Barrack has relocated Colony Capital’s corporate headquarters to Florida from Los Angeles.
The real estate investment trust moved to Boca Raton Jan. 1, according to Bloomberg. The decision brings the main office to the home turf of its CEO, Marc Ganzi.
Still, the company plans to keep its L.A. location to “support its investment and corporate operations,” according to a statement to the news site. Colony’s digital infrastructure operation has been based in Boca for more than 10 years.