Latest news with #StarwoodCapital
Yahoo
6 days ago
- Business
- Yahoo
Starwood Property (STWD) Falls on $2.2-Billion Acquisition of Fundamental Income
We recently published . Starwood Property Trust, Inc. (NYSE:STWD) is one of the worst-performing companies on Thursday. Starwood Property declined by 5.47 percent on Thursday to end at $19.71 apiece as investors shunned news that it was acquiring a net-lease firm for $2.2 billion. In a statement, Starwood Property Trust, Inc. (NYSE:STWD) said it entered into a definitive agreement to acquire Fundamental Income Properties, LLC from Brookfield Asset Management. Fundamental Income operates a vertically integrated net lease real estate investment business, with 467 properties across its portfolio spanning 12 million square feet across 44 states, 56 industries, and 92 tenants. 'When we went public in 2009, we said we would create a diversified company around the areas of expertise of our Manager, Starwood Capital. With the addition of another business cylinder, we are expanding into another proven, scalable segment with strong synergies with our platform. Our core commercial real estate lending business is now approximately half of our asset base as we have strategically expanded into complementary lending and investing verticals,' said Barry Sternlicht, Chairman and CEO of Starwood Property Trust, Inc. (NYSE:STWD). A sky high view of the corporate headquarters indicating the large scale of the company. Following the acquisition, the company announced the distribution of dividends worth $0.48 per share for shareholders as of September 30 record date. The dividends will be payable on October 15, 2025. While we acknowledge the potential of STWD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
AU Financial Review
04-07-2025
- Business
- AU Financial Review
This $215b Asian investor just went private. Two Aussies are in charge
Two Australians have taken charge at ESR, one of the Asia-Pacific region's largest property investors with a $215 billion portfolio and which has just been taken private by a consortium led by US group Starwood Capital. Under the new ownership, ESR's newly promoted top executive, in the role of president, is Phil Pearce. Previously the group's deputy chief executive and also running ESR's Australian operations, Pearce will now be responsible for ESR's day-to-day operations. He joined the group in 2017 and is well-known in the property industry, after senior positions at Goodman Group and roles at Ascendas REIT in Singapore and AMP Capital.
Bloomberg
13-06-2025
- Business
- Bloomberg
ESR Shareholders Approve $7 Billion Buyout By Investor Group
Shareholders of ESR Group Ltd. approved a buyout deal by a consortium of investors valuing the Hong Kong-listed warehouse operator at about $7 billion via a scheme of arrangement. ESR will be acquired by a group including investment firms Starwood Capital Group, Sixth Street Partners, SSW Partners, Warburg Pincus, Qatar Investment Authority and ESR's founders, according to a statement on Friday. In December the buyer consortium proposed to acquire all ESR shares for HK$13 each and take the company private.
Bloomberg
09-06-2025
- Business
- Bloomberg
Starwood REIT Begins to Scale Back Its Steep Withdrawal Limits
A real estate fund managed by Barry Sternlicht's Starwood Capital is slowly lifting a cap on redemptions more than a year after it severely limited investors' ability to retrieve capital. Beginning this month, Starwood Real Estate Income Trust, or SREIT, will limit share repurchases to 0.5% of the fund's net asset value, according to a filing Monday. The fund will also increase quarterly redemptions to 1.5% of NAV in July. The new limits represent a small increase from previous caps of 0.33% per month and 1% per quarter.
CNBC
05-06-2025
- Business
- CNBC
Family office deals slow in May with bets on nuclear batteries and AI testers
A version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Starwood Capital's Barry Sternlicht made his multibillion-dollar fortune in real estate. Now he is betting on nuclear batteries through his family office, Jaws Ventures, joining a $50 million fundraise for Zeno Power in May. The startup's microwave-sized batteries provide years of energy in remote environments like deep space and the seabed by using heat from nuclear waste. The U.S. Department of Defense and NASA are customers. The Jaws investment comes as family offices have dialed back their dealmaking due to economic uncertainty, making 41 direct investments in May, down nearly 50% year over year, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. Nuclear energy, however, is set to gain steam with the private investment firms of the ultra-wealthy. Investing in nuclear energy is a way to tap into the artificial intelligence boom, as AI requires immense power. A UBS survey found in 2024 that 78% of family offices planned to invest in AI within the next two to three years. In February, nuclear reactor startup X-Energy garnered investment from Citadel CEO Ken Griffin, Laurene Powell Jobs' Emerson Collective and Pittco, the family office of AutoZone founder Joseph "Pitt" Hyde. Tech giants are increasingly turning to nuclear plants for energy, including Facebook's parent company Meta, which announced a 20-year deal to buy nuclear power from Constellation Energy on Tuesday. William Blair's Jed Dorsheimer told CNBC's Carl Quintanilla that this deal was the first of many to come. "I think you're going to start to see more of these deals," he said . "We have really suppressed the most energy dense technology, to our detriment. And I think that this is going to be coming back." President Donald Trump 's executive order in late May calling to speed reactor deployment and overhaul the Nuclear Regulatory Commission may also spur investment. Family offices are finding other ways to invest in the picks and shovels of AI. In May, Jeff Bezos' family office participated in a $155 million seed round for Atlas Data Storage, alongside Joby Pritzker's Tao Capital Partners. Atlas, newly spun out from Twist Bioscience, aims to store information more efficiently and at a lower cost with a DNA-style data storage system.
