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The firm has ambitious plans for its multifamily portfolio.
The firm also recently launched a commercial loan product targeting stable situations.
The firm is buying excess condo inventory in New York and Silicon Valley.
Torchlight Debt Fund VII is the largest US real estate debt fund to be closed this year.
KKR's Matt Salem on how the firm is diving deeper into the US lending and growing its retail base.
Starwood now expects less troubled deal flow to emerge in the non-performing-loan space from the current pandemic crisis than it did before. But that should not worry investors which committed to its latest ‘distressed’ fund.
The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.
Large pools of capital have been raised for distressed strategies, but thanks to government support schemes, finding a home for it is proving a challenge.
With the pandemic opening up secondary opportunities, the Los Angeles-based firm went on a performing loan buying spree for its $650m strategy.
The Starwood chairman says New York and other Democrat-controlled areas need a ‘tsunami of change’ if they are to remain attractive to real estate owners.