Starwood Capital Group closes opportunistic $ 10 billion real estate fund



Posted: October 15, 2021 at 7:00 a.m. CDT|Update: 17 minutes ago

MIAMI BEACH, Florida, October 15, 2021 / PRNewswire / – Starwood Capital Group (“Starwood Capital”), a leading global private investment firm, has announced the closing of its latest opportunistic real estate fund, Starwood Distressed Opportunity Fund XII (SOF XII), with commitments of capital exceeding 10 billion dollars, exceeding the $ 7.6 billion high for its predecessor vehicle, the SOF XI. Along with existing commitments to other private real estate investment vehicles, Starwood Property Trust, Inc., Starwood Real Estate Income Trust, Inc. and Starwood Energy Partners, Starwood Capital’s assets under management now total over $ 95 billion. .

(PRNewsfoto / Starwood Real Estate Income Tru)

Barry sternlicht, President and CEO of Starwood Capital, said, “We are grateful to our new long-time partners for the trust they continue to place in us as we have the largest fundraiser in Starwood Capital history. . Our sourcing capabilities continue to generate a strong pipeline of investment opportunities, and our expertise in markets around the world continues to generate attractive returns for investors. SOF XII is off to an excellent start and we are confident that it will continue our tradition of finding valuable investments with more than 35% of the funds deployed in approved transactions. “

“We are delighted to have reached the hard cap of the fund even as we raised capital for SOF XII during a global pandemic,” said Michael lefton, Managing Director and Global Head of Capital Raising and Investor Relations at Starwood Capital. “We are privileged to work with a diverse and sophisticated investor base, including pensions, sovereign wealth funds, foundations, endowments, wealth managers, family offices and high net worth investors from over 30 countries. . “

Starwood Capital subsidiaries have already concluded or initiated 25 transactions in SOF XII, requiring more than $ 3.5 billion equity. These investments are in Australia, England, Denmark, Ireland, Italy, Japan, Spain and United States. Notable investments in SOF XII to date include: a US single-family rental housing platform that has acquired more than 4,500 units; the privatization of Extended Stay America, a leading owner and operator of budget long-stay hotels; the privatization of RDI REIT, a UK listed company with a large real estate portfolio anchored by high quality industrial and logistics assets in Europe; and a portfolio of office buildings well located in Tokyo acquired off-market during Covid uncertainty.

About Starwood Capital Group

Starwood Capital Group is a private investment firm focused on global real estate, energy infrastructure, and oil and gas. The firm and its affiliates have 16 offices in seven countries around the world and currently employ approximately 4,000 people. Since its inception in 1991, Starwood Capital Group has raised more than $ 65 billion of capital and currently has more than $ 95 billion assets under management. Through a series of combined opportunity funds and Starwood Real Estate Income Trust, Inc. (SREIT), an unlisted REIT, the company has invested in virtually every category of real estate globally, changing from opportunistically asset classes, geographies and positions. in the capital pile because he perceives that the risk / reward dynamic is changing. Starwood Capital also manages Starwood Property Trust (NYSE: STWD), the largest commercial mortgage real estate investment fund in United States, which has successfully deployed on $ 72 billion of capital since its creation and manages a portfolio of more than $ 19 billion through investments in debt and equities. Over the past 30 years, Starwood Capital Group and its affiliates have successfully executed an investment strategy of building businesses in the private and public markets. Additional information is available at starwoodcapital.com.

Media contacts:
Tom johnson / Dan Scorpio
Abernathy MacGregor Group
(212) 371-5999
tbj@abmac.com / dps@abmac.com

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SOURCE Starwood Capital Group

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