Billionaire Barry Sternlicht said it was “a very tough decision” to further limit withdrawals from Starwood Real Estate Income Trust, the $10 billion fund that found itself stuck between investors’ desire to redeem shares and a distaste for selling at a discount.
Sternlicht Says Tightening Starwood REIT Redemption Limits Was ‘Tough’US Home-Purchase Applications Fall by Most Since Early AprilToronto Home Prices Drop as Property Listings Linger on MarketDow Average Gets ESG Boost From Adding AmazonTaiwan Central Bank Says Weak Yen Has Limited Impact on EconomyChina South City Trustee Sues State-Owned Keepwell ProviderHistoric ECB Rate Cut May Cement Bull Case for Europe’s StocksMorgan Stanley Cuts Mexico Stocks in ‘Unprecedented’ MomentTencent Moves Into...
7% in April following weak Q1Even Corporations Say the 2024 Political Climate Is TerribleRay Dalio Touts US Elections, China Conflicts as Global RisksUS, South Korea Warplanes Put on Show of Force for Kim Jong UnSri Lanka Closes In on Debt Restructuring With Bilateral LendersAlito’s Flag Controversy Foreshadows Contentious US Supreme Court RulingsSouth African Business Outlook Rose on Expectations of a Coalition GovernmentUS Lawmakers Accuse Nigeria of Taking Binance Executive HostageRand Drops...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barry Sternlicht Says Miami Is Hamstrung by ‘Impossible’ School AccessBillionaire Barry Sternlicht said Miami’s growth story is far from over even as a shortage of schools in the area, a key spillover effect from its recent boom, is hindering its ability to lure more residents.
Read more »
Barry Sternlicht Urges Brown, Other Universities to Get Rid of ‘Agitators’Barry Sternlicht, who went to Brown University and then made a fortune in real estate, said schools should force out “agitators” from campus protests against Israel.
Read more »
Starwood REIT Tightens Redemption Limits on Liquidity CrunchStarwood Real Estate Income Trust, a $10 billion fund managed by Barry Sternlicht’s Starwood Capital Group, is taking a drastic step to preserve liquidity by imposing tighter limits on investors’ ability to pull money.
Read more »
Blackstone, Starwood Split on Commercial-Property Market RisksTwo of the world’s biggest property investors are split on the current state of the US commercial real estate cycle.
Read more »
Starwood-Led Group Is Said to Weigh Buyout of $5.4 Billion ESRA consortium led by investors including Starwood Capital Group is considering a buyout of Asian warehouse developer ESR Group Ltd., according to people familiar with the situation.
Read more »
ESR Gets Non-Binding Takeover Bid From Starwood Consortium(Bloomberg) -- A consortium featuring investors including Starwood Capital Group and SSW Partners is considering a buyout of Asian warehouse developer ESR...
Read more »