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Starwood Property Trust, Inc. operates as a real estate investment trust and diversified finance company focused on real estate and infrastructure credit. Its business includes commercial and residential lending, infrastructure lending, property investments, and investing and servicing activities tied to mortgage loans, CMBS, RMBS, securitizations, and related debt and equity investments.
Company news commonly covers quarterly operating results, distributable earnings, portfolio investment activity, balance sheet management, dividends, tax reporting for common-stock distributions, share repurchase authorizations, and capital markets transactions. Updates also address commercial lending, infrastructure CLO activity, residential lending exposure, conduit and special servicing, and the company’s affiliation with Starwood Capital Group.
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Starwood Capital Group has acquired a majority interest in Land Tejas, a Houston-based residential developer, enhancing its real estate portfolio. This acquisition includes 10 communities with 16,000 residential lots, targeting entry-level and move-up buyers in a high-demand market. CEO Mike Moser emphasized the strategic importance of this investment as it aligns with Starwood's focus on risk-reward ventures in the single-family housing sector. Starwood Capital, managing over $105 billion in assets, aims to leverage this opportunity for growth under Starwood Land Advisors.
Starwood Property Trust (NYSE: STWD) has declared a $0.48 dividend per share for the quarter ending December 31, 2021. This dividend is payable on January 14, 2022 to shareholders on record as of December 31, 2021. The company, which focuses on the real estate and infrastructure sectors, has deployed over $76 billion in capital since its inception and manages a portfolio valued at over $21 billion. The aim is to deliver stable returns primarily through dividends.
Starwood Property Trust (NYSE: STWD) has priced a public offering of 16,000,000 common stock shares, aiming for gross proceeds of approximately $397.1 million, or $456.7 million if the option for additional shares is exercised. The underwriters hold a 30-day option for up to 2,400,000 shares. Proceeds will be used to purchase commercial mortgage loans and for corporate purposes. Settlement is expected on December 10, 2021. The Company has deployed over $76 billion in capital since inception, managing a portfolio exceeding $21 billion.
Starwood Property Trust has announced a public offering of 16,000,000 shares of common stock, with an additional 2,400,000 shares available through underwriters. The proceeds will be used primarily for originating and purchasing commercial mortgage loans and other investments, with potential allocations for general corporate purposes. The offering is subject to market conditions and is registered with the SEC.
Citigroup, BofA Securities, Morgan Stanley, and Wells Fargo Securities are the joint book-running managers.
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On Nov. 10, 2021, Starwood Real Estate Income Trust acquired a multifamily housing portfolio of 15,460 units from Strata Equity Group. The properties span 62 communities across 10 states, primarily in the Southeast, with growing populations and employment rates projected to double U.S. averages in the next five years. Strata will manage the assets post-acquisition. As of Sept. 30, 2021, SREIT had an asset value of $12.6 billion across 246 properties. This acquisition aligns with SREIT's strategy to enhance its portfolio stability and yield.
Starwood Property Trust (NYSE: STWD) reported strong Q3 2021 results, with GAAP net income at $128.6 million ($0.44/share) and Distributable Earnings of $155.1 million ($0.52/share). Post-quarter, the company established a new fund for its Woodstar affordable housing portfolio, selling a 20.6% interest for $1.1 billion above cost, enhancing shareholder value and validating $4.57/share in estimated property gains. Capital deployment reached $3.8 billion, with total portfolio growth to over $21 billion. The balance sheet was strengthened through a $400 million sustainability bond issuance.
Starwood Capital Group announced the hiring of David Matheson as Managing Director and Head of Real Estate for Europe, starting January 2022. Matheson, based in London, will focus on sourcing real estate acquisition opportunities across Europe. Having previously completed over $20 billion in transactions at Oxford Properties Group, he brings extensive experience in M&A and investment strategies to Starwood. The firm emphasizes its commitment to leveraging Matheson’s expertise to enhance its investment portfolio across the region.