Starwood Prpty Stock Price, News & Analysis

Pacific Retail Capital Partners (PRCP) has acquired Kings' Shops in Waikoloa, Hawaii, in partnership with Starwood Property Trust (STWD) and Taconic Capital Advisors. The nearly 70,000-square-foot luxury resort retail destination marks PRCP's second asset in Hawaii. The joint venture plans to implement extensive common area capital improvements through their 'Big Changes for the Big Island' campaign. Kings' Shops features retailers like Tiffany & Co., Tommy Bahama, and restaurants including Roy's Waikoloa Bar & Grill. PRCP's management has already attracted new retailers such as Travis Matthews, Lululemon, and Kahala, and plans to continue this leasing momentum into 2025.

Starwood Property Trust (NYSE: STWD) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its financial results on Wednesday, November 6, 2024 before the opening of trading on the New York Stock Exchange. A conference call will be held on the same day at 10:00 a.m. Eastern Time.

The conference call will be available via webcast in the Investor Relations section of the company's website. Participants can also join the telephone conference call by dialing 1-877-407-9039 (domestic) or 1-201-689-8470 (international). A replay of the call will be available for 90 days on the company's website and through a playback service until November 20, 2024.

The full text of the earnings release will be available on the company's website on November 6, 2024. For those without internet access, the release can be obtained by mail or fax upon request.

Field & Stream Lodge Co., a new hospitality platform backed by Starwood Capital Group and AJ Capital Partners, announces its first location in Bozeman, MT. The lodge, inspired by the 153-year-old Field & Stream brand, combines traditional hunting and fishing lodge aesthetics with modern amenities. Opening in Winter 2025, it's located near downtown Bozeman and Yellowstone National Park, offering easy access to outdoor activities.

The 179-room property features various accommodations, from King Suites to Bunk Rooms, designed to feel like traditional lodges. Amenities include The Great Room, a supply shop, gym, outdoor hot tub, indoor pool, meeting spaces, and a 29,000-square-foot courtyard. Field & Stream Lodge Co. plans to expand to other outdoor destinations, aiming to inspire more people to explore nature while providing affordable, modern lodging.

Starwood Property Trust (NYSE: STWD) has announced the pricing of a $400 million private offering of 6.000% unsecured senior notes due 2030. The notes priced at 100.0% of the principal amount, with settlement expected on October 10, 2024. The company plans to use the net proceeds to finance or refinance eligible green and/or social projects. Pending full allocation, funds will be used for general corporate purposes, including repayment of outstanding indebtedness under repurchase facilities.

The notes were offered only to qualified institutional buyers and non-U.S. persons outside the United States. They will not initially be registered under the Securities Act or state securities laws. Starwood Property Trust, an affiliate of Starwood Capital Group, is a leading diversified finance company focusing on real estate and infrastructure sectors. As of June 30, 2024, it has deployed over $98 billion of capital since inception and manages a $26 billion portfolio across debt and equity investments.

Starwood Property Trust (NYSE: STWD) has announced a private offering of $400 million in unsecured senior notes due 2030, subject to market conditions. The company plans to use the net proceeds to finance or refinance eligible green and/or social projects. Pending full allocation, the funds will be used for general corporate purposes, including repayment of outstanding indebtedness under the Company's repurchase facilities.

The sustainability bonds will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S of the Securities Act. The Notes will not be initially registered under the Securities Act or state securities laws, limiting their offer and sale in the United States without proper registration or exemption.

Starwood Property Trust (NYSE: STWD) announced that underwriters have fully exercised their option to purchase an additional 2,625,000 shares of common stock, following the company's recent public offering of 17,500,000 shares. The total offering now comprises 20,125,000 shares, with estimated net proceeds of $391.7 million after expenses.

Settlement for the additional shares is expected on September 6, 2024, with the initial shares settled on September 5, 2024. The company plans to use the proceeds to originate and purchase commercial mortgage loans and other target assets, as well as for general corporate purposes, including potential repayment of outstanding indebtedness under repurchase facilities.

Starwood Property Trust (NYSE: STWD) has priced an underwritten public offering of 17,500,000 shares of its common stock, expecting to raise approximately $345.1 million in gross proceeds. The underwriters have a 30-day option to purchase up to an additional 2,625,000 shares, potentially increasing the total to $396.9 million. The offering is set to close on September 5, 2024.

The company plans to use the net proceeds to originate and purchase additional commercial mortgage loans and other target assets. It may also allocate funds for general corporate purposes, including repaying outstanding indebtedness under its repurchase facilities. Citigroup, Goldman Sachs & Co. , and Morgan Stanley are serving as joint book-running managers for the offering.

Starwood Property Trust (NYSE: STWD) has announced a public offering of 17,500,000 shares of its common stock, with an additional 30-day option for underwriters to purchase up to 2,625,000 more shares. The offering will be conducted under the company's current shelf registration statement. Net proceeds will be used to originate and purchase additional commercial mortgage loans and other target assets, as well as for general corporate purposes, including potential repayment of outstanding indebtedness under the company's repurchase facilities. Citigroup, Goldman Sachs & Co. , and Morgan Stanley will serve as joint book-running managers for the offering.

Starwood Capital Group, a global private investment firm focused on real estate, has announced the appointment of Andrew J. Sossen as Senior Managing Director and Chief Operating Officer, effective September 2024. Sossen, who previously worked at Starwood for 14 years, will rejoin the firm as a member of the executive committee, overseeing day-to-day operations and reporting directly to Barry Sternlicht, Starwood Capital's Chairman and CEO.

Sossen's extensive experience includes serving as COO of Starwood Property Trust (NYSE: STWD) and holding various executive positions within the Starwood family. His background also encompasses roles at KKR & Co.'s asset management business and Simpson Thacher & Bartlett LLP. Sternlicht expressed confidence in Sossen's ability to integrate seamlessly, citing his familiarity with the team, culture, and company objectives.