| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Starwood Property Trust, Inc. (NYSE:STWD) (the "Company" or "Starwood Property Trust") today announced that the Company has closed the previously announced acquisition of Fundamental Income Properties, LLC ("Fundamental"), a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion from Brookfield Asset Management.
"We are pleased to announce the completion of our acquisition of Fundamental which should provide a stable, reliable, and growing cash flow stream for our shareholders," said Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "With the addition of another business cylinder, we are expanding into a proven, scalable segment that aligns closely with our platform and leverages our existing strengths. The acquisition of Fundamental marks the next evolution—though not the last—in our strategic growth. The quality of their team, strong structuring capabilities, and deep credit focus are an excellent cultural and operational fit with Starwood. We are equally excited about the opportunity to grow in the net lease space, where we already have deep experience, by combining our expertise with Fundamental's infrastructure and scale. We are thrilled to welcome the Fundamental team to the Starwood family."
Posted In: STWD
