MIAMI, Feb. 26,
2024 /PRNewswire/ -- Starwood Capital Group
("Starwood Capital"), a global private investment firm with a
primary focus on real estate, today announced that Jonathan Pollack will join the firm beginning in
2025 as its President, adding proven industry and investment
expertise to Starwood Capital's executive leadership team as the
firm prepares for its next chapter of growth.
Mr. Pollack joins Starwood Capital from Blackstone, where he served as Global Head of
the firm's Real Estate Credit business (BREDS) since 2016. BREDS,
which has $84 billion in assets under
management, is a leading global lender and investor in commercial
real estate loans, residential mortgages and a range of securities,
including CMBS, RMBS and real estate corporate debt. In
December 2023, BREDS acquired the
$17B portfolio of Signature Bank
commercial mortgages auctioned by the FDIC.
Mr. Pollack was also a member of Blackstone's Real Estate Executive Committee
and Investment Committee, as well as Blackstone's Operating Committee.
"After an extensive search, I am extremely pleased to welcome an
executive of Jonathan's caliber as President of Starwood Capital,"
said Barry Sternlicht, Chairman and
CEO of Starwood Capital. "I have known Jonathan for more than
a decade, and he is universally respected across our industry with
unparalleled relationships and a track record of success, which
will help lead a firm of our scale and ambition. Jonathan's
background is global, and he will join all of Starwood's
committees, including its Executive, Investment, Disposition and
Operating Committees, which he is expected to lead. He is a proven
manager, and shares my vision that talent thrives in a fun and
rewarding workplace. We will continue to strive to make Starwood
the best place to work in the industry, and I could not be more
excited to start this next leg of our journey with him as part of
our already accomplished leadership team."
Prior to joining Blackstone in
2015, Mr. Pollack was the global head of Commercial Real Estate at
Deutsche Bank, and established DB as the top CMBS issuer and a
leading special situations investor following the global financial
crisis in 2008. Mr. Pollack also spent eight years in Deutsche
Bank's London headquarters,
helping to build the European CRE business as the head of Capital
Markets. Mr. Pollack graduated from Northwestern University with a BA in Economics. He
is a member of the Board of Trustees of East Harlem Tutorial
Program, a leading charter school and after school program in
New York City.
Jeffrey G. Dishner, President and
Chief Operating Officer of Starwood Capital, will remain in his
role as President until Mr. Pollack joins the firm, at which time
he will assume the role of Vice Chairman and Head of Strategy and
Business Development.
About Starwood Capital
Group
Starwood Capital Group is a private investment firm with a core
focus on global real estate. The Firm and its affiliates maintain
16 offices in seven countries around the world, and currently have
approximately 4,500 employees. Since its inception in 1991,
Starwood Capital Group has raised over $70
billion of capital, and currently has approximately
$115 billion of assets under
management. Through a series of comingled opportunity funds and
Starwood Real Estate Income Trust, Inc. (SREIT), a non-listed REIT,
the Firm has invested in virtually every category of real estate on
a global basis, opportunistically shifting asset classes,
geographies and positions in the capital stack as it perceives
risk/reward dynamics to be evolving. Starwood Capital also manages
Starwood Property Trust (NYSE: STWD), the largest commercial
mortgage real estate investment trust in the United States, which has successfully
deployed over $91 billion of capital
since inception and manages a portfolio of $27 billion across debt and equity investments.
Over the past 31 years, Starwood Capital Group and its affiliates
have successfully executed an investment strategy that involves
building enterprises in both the private and public markets.
Additional information can be found at starwoodcapital.com.
Media Contacts:
Tom Johnson:
tom.johnson@h-advisors.global, (212) 371-5999
Dan Scorpio, dan.scorpio@h-advisors.global, (646) 899-8118
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SOURCE Starwood Capital Group