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Starwood Property Trust, Inc. (NYSE: STWD) operates as a leading real estate investment trust (REIT) in the United States and Europe. The company focuses on four main segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing.
The Commercial and Residential Lending segment is engaged in originating, acquiring, financing, and managing commercial and residential first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities (RMBS). The Infrastructure Lending segment focuses on infrastructure debt investments, ensuring a diversified investment portfolio.
Within the Property segment, Starwood acquires and manages equity interests in commercial real estate properties, including multi-family properties. The Investing and Servicing segment deals with the management and workout of problem assets, as well as the acquisition and management of unrated, investment-grade, and non-investment grade rated CMBS.
Starwood Property Trust has a robust investment portfolio, having deployed over $97 billion of capital since its inception. As of March 31, 2024, the company manages a portfolio exceeding $26 billion across diverse debt and equity investments. The company aims to generate attractive and stable returns for shareholders, primarily through dividends.
Recent achievements include the monetization of their Master Lease Portfolio, reflecting their success in creating value from property assets. They also demonstrated strong access to liquidity through a $600 million five-year unsecured debt issuance, marking the first such issuance in their industry in over two years.
Latest News:
- April 9, 2024 - Starwood Property Trust to release Q1 2024 financial results on May 8, 2024.
- March 19, 2024 - Starwood Capital announces a 10.7% equity stake acquisition in ESR Group.
- March 15, 2024 - Declared a dividend of $0.48 per share for Q1 2024.
- March 8, 2024 - Starwood Capital and Jaws Mustang Acquisition Corp sign LOI for business combination.
- February 22, 2024 - Announced Q4 and full-year 2023 GAAP net income of $71 million and $339.2 million, respectively.
Starwood Capital Group, Crescent Real Estate, and High Street Real Estate Partners have successfully sold the 1 Hotel and Embassy Suites in Nashville to Host Hotels and Resorts. The sale marks the completion of a landmark joint venture, showcasing the strength of the hospitality platform and commitment to luxury eco-friendly guest experiences. The award-winning project, comprising an 18-story 1 Hotel and a 30-story Embassy Suites by Hilton tower, has quickly become one of Nashville's top-performing hotel developments. Opened in 2022, the development offers a total of 721 rooms and over 26,000 square feet of meeting space, with premium amenities such as a holistic spa, rooftop bar, swimming pools, and event spaces. The property's innovative and sustainable design has earned it the title of 2022 Development of the Year at the Americas Lodging Investment Summit.
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