The transaction would transfer the management of $2.5 billion in equity to Colony Credit Real Estate Inc.: (Bloomberg)—Tom Barrack’s Colony Capital Inc. has proposed a transaction that would transfer the management of $2.5 billion of equity parked in private credit funds to an affiliated real estate investment trust, Colony Credit Real Estate Inc. Colony Capital also wants to end a management agreement with the REIT in a process known as internalization, Colony Credit said Thursday, confirming an earlier report by Bloomberg News.