At the time, the company needed liquidity to relieve pressure from lender margin calls due to Covid-related market volatility, and Starwood was one of the few investors willing to commit capital at this point in the pandemic. In October 2017, SOF XI acquired PCT Office Campus, a LEED Gold-certified Class A office campus in El Segundo, California comprising 1.5 million sf in three office towers.
The teamquickly installed a new management team to execute astrategy of operational enhancements, brand marketing and growth. Feel free to reach out to us!
In December 2005, Starwood Capital fundscompleted the $3.2 billion acquisition of Groupe Taittinger and Socit du Louvre (SDL), a family-controlled French conglomerate.
By the end of June 2021, the investment had returned our equity investment plus substantial profit with additional warrants still owned by Starwoods fund.
This follows joint ventures that Starwood Capital had established across multiple recent funds that target select-service hotels with strong cash-on-cash yields that can be acquired at significant discounts to replacement cost. This transaction is a prime example of Starwood Capitals ability to get ahead of capital flows in areas not yet on the radar screen of other investors.
Our original El Segundo thesis has come to fruition. This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
At its inception in 1991, Starwood Capital was focused on the disarray in the real estate markets resulting from the S&L crisis of the late 1980s and early 1990s.
SOF Xs portfolio93% occupied at acquisitionhad major concentrations in Dallas, Atlanta, Orlando, Tampa, Charlotte, and Nashville. They are fast, really responsive and answer all questions.
This thesis has been proven correct. The third property, 16 Chestnut, was sold to an institutionalcore investor in June 2016,prior to the start of constructionsetting a new record for the highest price per buildable square foot ever paid for land in Denver, and locking in profits without ever putting a shovel in the ground.
View map, 2500 Sand Hill Road, Suite 130
The combined platform enabled us to unlock significant synergies including over 5 million in annual cost savings.
We sourced the transaction through extended off-market discussions with the seller.
Australia View map.
Central Hong Kong
The transaction represented a rare opportunity to access Scandinavia at scale and was the largest real estate transaction in the region since the global financial crisis. In assembling this portfolio, Starwood Capital focused on newer properties in fundamentally sound secondary markets, with the strategic view that the recovery would be both imminent and dramatic.
At the time of our investment, TRTX owned a portfolio of 66 floating rate loans, totaling $5.75 billion of commitments, collateralized by high-quality real estate in institutional markets where we have experience investing. This purchase represented an opportunity to invest in an entire hotel company, including its management team, brands and technology platform. This transaction marked the first of numerous investments in which the Firm created leading real estate platforms or companies in order to enhance value for its investors.
View map, Claridenstrasse 41
All rights reserved. We use a safe and secure loan management system that is available to you 24/7.
Our ultimate sale price was just 2% below our previously underwritten 2023 stabilized exit value despite the project still being under construction and having 88K sf of unleased ground floor retail space.
Our loan program eliminates the hassle of bank regulations and financial covenants, while providing flexible working capital lines of credit.
Prior to making this investment, our acquisitions team spent significant time conducting market research to identify submarkets best positioned to benefit from improving macro trends and office fundamentals throughout LA.
London, England
We have been made aware of an investment scheme fraudulently using Capital Groups name. This concept extends to our approach to environmentally responsible investing as well.
The team has also taken advantage ofopportunities to generate upside through early asset salesincluding selling non-strategic properties for priceswell above initial allocations.
*Interest rate is calculated per annum, accrued daily and paid at maturity.
The daily operation of each 1 Hotel is carefully planned to minimize the propertys carbon footprint by minimizing energy use, leveraging local resources, conserving non-renewable materials, minimizing plastic and paper consumption and reducing landfill waste.
Calle Serrano 47, planta 12 At its $5.4 billion purchase price, the transaction was the largest non-hotel acquisition in Starwood Capitals history. Nowhere is this commitment more apparent than 1 Hotels. The buildings were based in markets with minimal supply underconstruction, with the majority of that new construction pre-leasedthus greatly reducing the negative impactnew supply might have on the portfolio.Starwood Capitals asset management team positioned the portfoliosassets to capitalize on strong cash flow and maximize profit by investing in high-return amenities, activelyengaging tenants on early renewals and increasing rents to market levels.
Several factors have helped make this a successful investment including proactive asset management, value-add initiatives, market conditions and opportunistic sales. Through a series of complex negotiations, Starwood Capital affiliatesacquired a majority interest in HOT, and completed a restructuring and reorganization of the company. 2022 Coast Capital Savings. San Antonio, TX 78251 Singapore 048583
View Map, 3500 Wiseman Boulevard There were very few existing blocks of office space over 100K sf available in downtown Seattle, and this project contained the largest existing block of contiguous space in the CBD.
Equipment Facility. Each scenario is underwritten separately allowing us the flexibility to get approval within in hours.
SOF X acquired 57 stabilized apartment assets totaling 17,624 units in the Southeastern U.S. our acquisition basis was 38% below replacement cost.
In April 2015, SOF X purchased a 6.7 million square-foot, high-quality, well-locatedsuburban office portfolio in an off-market transaction for $1.125billion.
The Firmbelieved that Denver was poised for aresurgence, and that the Lower Downtown (LoDo) area in particularwhich includes the UnionStation neighborhoodwas primed to emerge asthe new city center.As part of the JV, SOF VIIIspartner contributed severalundeveloped land parcels that were all locatedwithin steps of the historic Union Station, whichhas become Denvers new transit hub. View map, 400 S. Hope Street, 22nd Floor
View Map, Meiji Yasuda Life Building, 14th floor
20121 Milano, Italy
In 2015, Starwood Capital took a major step in the Firms expansion into the select-service space with Starwood Global Opportunity Fund Xs acquisition, alongside a limited partner co-investment vehicle, of TMI Hospitality, one of the largest owners, managers and developers of select-service hotels in the United States, with 184 operating hotels and more than a dozen in the development pipeline. Our private mortgage loans are approved based on the equity in the property youre looking to receive funding for.
View map, 1155 Ren-Lvesque Blvd O Set budgets, manage debt and track your spending all in one place with our free tool for members. Purchase Order Facility, A/R Line of Credit
Los Angeles, CA 90071
This ingenuity, consistency and quality have earned REDS communities a reputation for excellence. With Amazon well on its way to occupancy, we found the market strong for an opportunistic sale approximately two years ahead of prior projections. View map, Suite 5701, 57/F, Sinar Mas Plaza View map, 444 W. Lake Street, Suite 4600 View map, 6455 Irvine Center Drive
We provide innovative lending solutions and can adapt your loan to the changes of your business. Over approximately 18 months, the Firm acquired 7,000 multifamily units at a fraction of replacement cost through the purchase of equity and distressed debt from the Resolution Trust Corp., FDIC and troubled lending institutions. You can disable cookies in your browser settings, but certain areas of the site may not work as expected if you do. Enjoy the flexibility of a redeemable GIC that pays like a locked-in investment.
The following are some notable investments over the Firms history. Highly Recommended. The strength and adaptability of REDS financing programs are both evidenced and reinforced by its long-standing relationships with core financial partners such as Hunt Capital Partners (and its predecessors, Centerline Capital Group, Charter Mac and Related Capital Company) who have been involved in some twenty-six REDS projects representing over $100 million in equity. REDS has mastered the use of both 9% and 4% Tax Credit programs, representing total tax credit and bond allocations of over $448 million. Montreal, QC, H3B 3X7
After only a 12-month hold, we sold the portfolio in December 2020 for a significant premium to acquisition price.
In 2014, Starwood Capital and Starwood Property Trust completed the spinoff of the single-family rentalbusiness and created Starwood Waypoint Residential Trust (NYSE: SWAY). Real Estate Development Services (REDS) was formed in 1985 to provide industry-leading finance and development consulting services with an incomparable commitment to the value of long-term relationships. Norfolk, VA 23513 The REDS core strategy of service-oriented relationship building has led to extensive long-term relationships with industry partners including tax credit syndicators, tax advisors, attorneys, lenders, financial institutions and builders, all experts in turning multi-family housing deals into reality. Access to these resources provides a unique value to REDS clients with the flexibility, adaptability and creative problem solving abilities drawn from some of the best and brightest partners in the business. View map, 12811 N. Meridian Street For example, sales prices for our condos at 1 Hotel & Homes South Beach and Pierhouse have far exceeded brokers expectations and continue to achieve significant premiums to the market.
That month we combined the three U.K. hotel portfolios to form a unique, pan-U.K. collection of 50 owned and leased hotels including 7,064 keys (plus 10 franchise and management contracts). At acquisition, Starwood Capital owned similar assets in 87% of Milestones markets by unit count, providing valuable information and adding to our conviction in pursuit of this opportunity.
530-757-7004, CVF Capital Partners Exits its Investments in LightRiver Technologies and Software, CVF Capital Partners Exits its Investment in Pioneer Recycling Services. These properties behave more like apartments than hotels, as they rent by the week.
InTowns units, which come furnished and include utilities, cable and internet, offer residents a lower-cost and flexible alternative to apartments. Seattle, WA 98109 1 Harbour View Street Starwood Land Ventures onbehalf of multiple funds purchased nearly 20,000 lots.
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