Starwood Capital Group related stories
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ING REIM sale process beginsThe sale of ING Real Estate Investment Management is to commence in the next two to three weeks after Morgan Stanley was appointed to market the €64.4bn business. Private equity firms KKR and TPG are reportedly considering bids.
- Starwood Property Trust snaps up $503m loan book
The mortgage REIT launched by Starwood Capital Group has continued its aggressive investment spree by acquiring a $503 million loan book from Teachers Insurance and Annuity Association of America.
- TPG lands ProLogis’ Catellus assets for $505m
TPG has further demonstrated its real estate ambitions with the $505m purchase of US real estate assets from global logistics giant ProLogis. The Dallas-based buyout titan has been steadily increasing its exposure to the sector.
- Starwood Capital buys London hotel
The European part of Starwood’s business has reportedly acquired the Cumberland Hotel in London’s West End in joint venture with London & Regional Properties
- TPG makes €900m UK and Ireland property push
The US global buyout firm has announced a €900m joint venture with Dublin’s Green Property to acquire assets particularly in partnership with government agencies and financial institutions
- Starwood deploys $200m from hotel fund
The Greenwich, Connecticut-based firm has already invested roughly $200m of its $965m Starwood Capital Hospitality Fund II – three-quarters of that targeting debt deals in the sector and 40 percent invested internationally.
- Starwood rehires India deal exec
Sundaram Rajagopal has been appointed managing director in charge of the firm’s acquisitions and asset management in India, after four years at Lehman Brothers.
- Starwood buys 49.9% stake in Hersha Hospitality
The Greenwich, Connecticut-based firm said it will “aggressively” target US hospitality after acquiring a minority stake in private hotel investment firm Hersha Hospitality Management.
- Starwood REIT hands over another $140m
The mortgage REIT created by Barry Sternlicht’s Starwood Capital group has acquired three loans secured by hospitality and retail assets across the US. Starwood Property Trust has spent 30% of its IPO proceeds.
- Lightstone hires ex-Park Hill principal
The New York-based firm has appointed Arvind Bajaj to lead its acquisition and capital raising activities.