Starwood Capital Group $10 Billion REIT Fund Reduced Monthly Redemption Limit from 2% to 0.33% of Net Asset Value Equivalent to $33 Million for April 2024 & Reduced Management Fees During Reduced Redemption Limit Period
29th May 2024 | Hong Kong
Starwood Capital Group $10 billion REIT fund has reduced the REIT fund monthly redemption limit from 2% to 0.33% of net asset value equivalent to $33 million for April 2024, and to reduce management fees during the reduced redemption limit period (0.33% of net asset value). Starwood Capital Group is a private investment firm with a primary focus on global real estate. Since its inception in 1991, the Firm has raised over $75 billion of capital and currently has approximately $115 billion of assets under management. Over the past 32 years, Starwood Capital has invested in excess of $245 billion of assets, including properties within every major real estate asset class. Throughout its history, the Firm has created a number of market-leading platforms to enhance operational efficiencies and maximize the value of its investments. These platforms include one of the world’s largest public hotel companies – Starwood Hotels & Resorts (formerly NYSE: HOT, since merged with Marriott Hotels), 2 of the biggest commercial mortgage finance companies in the United States – Starwood Property Trust (NYSE: STWD) and iStar (NYSE: STAR), and 1 of the largest perpetual, non-listed NAV REITs — Starwood Real Estate Income Trust (SREIT), which invests in stabilized, income-oriented commercial real estate.
“ Starwood Capital Group $10 Billion REIT Fund Reduced Monthly Redemption Limit from 2% to 0.33% of Net Asset Value Equivalent to $33 Million for April 2024 & Reduced Management Fees During Reduced Redemption Limit Period “
Starwood Capital Group is a private investment firm with a primary focus on global real estate. Since its inception in 1991, the Firm has raised over $75 billion of capital and currently has approximately $115 billion of assets under management. Over the past 32 years, Starwood Capital has invested in excess of $245 billion of assets, including properties within every major real estate asset class. Since founding Starwood Capital during the depths of the savings & loan crisis with the purchase of non-performing loans and real estate assets from the Resolution Trust Corp., Chairman and CEO Barry Sternlicht has overseen the Firm’s growth into a diversified investment company that today encompasses over 5,000 employees. The Firm maintains offices in Miami (Headquarters), Arlington, Atlanta, Chicago, Dallas, Greenwich, Los Angeles, New York, San Francisco, Washington, D.C., and affiliated offices in Amsterdam, Hong Kong, London, Luxembourg, Sydney and Tokyo.
Starwood Capital’s hallmark is to invest opportunistically, moving between geographies, asset classes and positions in the capital stack as the Firm perceives risk/return dynamics to be evolving. To execute this strategy, Starwood Capital has built up geographic and asset-class expertise in the Firm’s targeted markets. Throughout its history, the Firm has created a number of market-leading platforms to enhance operational efficiencies and maximize the value of its investments. These platforms include:
- One of the world’s largest public hotel companies—Starwood Hotels & Resorts (formerly NYSE: HOT, since merged with Marriott Hotels).
- Two of the biggest commercial mortgage finance companies in the United States—Starwood Property Trust (NYSE: STWD) and iStar (NYSE: STAR).
- One of the largest perpetual, non-listed NAV REITs — Starwood Real Estate Income Trust (SREIT), which invests in stabilized, income-oriented commercial real estate. For additional information on SREIT, please visit SREIT
- One of the largest collections of multifamily apartments in the United States and an in-house multifamily property management company—Highmark Residential.
- One of the largest portfolios of select-service hotels in the United States.
- One of the United Kingdom’s leading hotel operators—Principal Hotel Company.
- An innovative hotel management company, SH Hotels & Resorts, that is growing its 1 Hotels, Baccarat Hotels and Treehouse Hotels brands.
- One of the largest homebuilders in the United States—TRI Pointe Homes (NYSE: TPH).
- One of the leading providers of residential sites to the U.S. homebuilding industry—Starwood Land Ventures.
- One of the largest publicly traded owners and operators of single-family rental homes in the United States—Starwood Waypoint Homes (formerly NYSE: SFR; since merged with Invitation Homes — NYSE: INVH).
In its pursuit of the most compelling opportunities globally, Starwood Capital has invested in more than 30 countries, ranging from the Americas to Europe to Asia. Highlighting Starwood Capital’s international commitment and ability to shift geographies to capitalize on market dislocations, the Firm made the strategic decision in 2011 to enhance its longstanding presence in Europe. Reflecting the success of its investment activities, Starwood Capital and its professionals have received numerous industry accolades over the years, including:
Global
- PERE Inaugural Lifetime Achievement Award (Barry Sternlicht; 2016)
- Commercial Property Executive: Executive of the Year (Barry Sternlicht; 2020)
- PERE Industry Figure of the Year (Barry Sternlicht; 2021, 2015, 2010, 2009)
- PERE Firm of the Year (2021, 2017)
- Private Equity Wire: Best Fund Raising Firm – Real Estate (2021)
- PERE Capital Raise of the Year (2021, 2017, 2014)
- PERE Residential Investor of the Year (2021)
- PERE Hotels & Leisure Investor of the Year (2022, 2018)
North America
- PERE Firm of the Year (2021, 2018, 2017, 2015)
- Private Equity Wire: US Award for Best Real Estate Manager (fund size above
$1 billion; 2020) - PERE Industry Figure of the Year (Christopher Graham; 2021, 2017, 2015)
- PERE Deal of the Year (2021, 2017, 2015)
- PERE Hotels & Leisure Investor of the Year (2022)
- PERE Office Investor of the Year (2020, 2019)
Europe
- PERE Firm of the Year (2021, 2015, 2013)
- PERE Debt Firm of the Year (2022, 2023)
- REC Europe U.K. Alternative Lender of the Year (2023)
- REC Europe European High Yield Lender of the Year (2019)
- PERE Deal of the Year (2021, 2018)
- REC Europe Development Financing Deal of the Year (2022)
- PERE Hotels & Leisure Investor of the Year (2023)
- PERE Alternatives Investor of the Year (2021)
- PERE Office Investor of the Year (2021)
- PERE Residential Investor of the Year (2019)
- PERE Southern Europe Firm of the Year (2023)
- PERE U.K. Firm of the Year (2021)
- PERE Nordics Firm of the Year (2019, 2018)
- PERE German Firm of the Year (2018)
Starwood Capital Group $10 Billion REIT Fund Reduced Monthly Redemption Limit from 2% to 0.33% of Net Asset Value Equivalent to $33 Million for April 2024 & Reduced Management Fees During Reduced Redemption Limit Period
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