Starwood Strikes $2.2 Billion Real Estate Deal With Brookfield

Starwood Strikes $2.2 Billion Real Estate Deal With Brookfield

Starwood Property Trust agreed to acquire Fundamental Income Properties for $2.2 billion as Chief Executive Officer Barry Sternlicht aims to further diversify the company’s revenue.

Phoenix real estate firm to be acquired in huge deal - Rose Law Group Reporter

By Paul Thompson, Brian Bandell – Phoenix Business Journal A Phoenix real estate investment firm is on the verge of a multibillion-dollar sale. Fundamental Income Properties LLC is set to be acquired, along with its expansive real estate portfolio, by Miami Beach, Florida-based Starwood Property Trust (NYSE: STWD) for $2.2 billion, according to a July 16 announcement. Read the full subscription story from the Phoenix Business Journal.

$2.2B Acquisition to Expand National Investor’s Footprint in Phoenix - Greater Phoenix In Business Magazine

Starwood Property Trust, Inc. announced that the Company has entered into a definitive agreement to acquire Fundamental Income Properties, LLC, a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion. Fundamental, currently owned by Brookfield Asset Management, operates a vertically integrated net lease real estate investment business led by…

Starwood strikes $2.2B deal for Brookfield portfolio

The Fundamental Income Properties portfolio includes more than 450 assets and was fully occupied at the end of the first quarter.

Sidley Advises Starwood Property Trust in $2.2 Billion Net Lease Acquisition - USA Herald

Sidley Austin LLP is proud to announce its role as legal advisor to Starwood Property Trust Inc. in the company’s $2.2 billion acquisition of Fundamental Income Properties LLC, a leading net lease real estate operating platform. Currently owned by Brookfield Asset Management, Fundamental manages a diversified portfolio of 467 properties spanning 44 states and multiple industries including food production and distribution, auto services, retail, …

Starwood To Buy $2.2B Net Lease Firm From Brookfield

Starwood Property Trust will spend $2.2B to buy Fundamental Income and its 467-property net lease portfolio, the latest in a series of large trades in a defensive asset class.  The Miami Beach-based investment firm is buying Fundamental, which manages a 12M SF portfolio spanning 44 states, from Brookfield Asset Management. The 28-person team that had been supporting the portfolio will move to Starwood as part of the deal, which is expected to cl…