Strategic Investment in Real Estate Operating
Company Marks Milestone Achievement for Starwood Impact
Investors
MIAMI, March 18,
2024 /PRNewswire/ -- Starwood Impact Investors
("SII"), a return-driven investment platform managed by Starwood
Capital Group ("Starwood Capital") that is dedicated to investing
in commercial real estate opportunities controlled by
underrepresented partners, today announced it has completed its
inaugural investment in Obsidian Capital Partners ("Obsidian"), an
emerging multifamily real estate firm. Through this collaboration,
Starwood Capital, a global private equity real estate firm, will
invest programmatic capital and provide strategic advice to
Obsidian's leadership through board participation and
infrastructure support. This significant milestone reinforces
Starwood Capital's commitment to SII's platform and mission of
providing diverse and women owned businesses in this sector with
growth capital. Terms of the transaction were not disclosed.
Through SII, Starwood Capital evaluates numerous emerging real
estate platforms and hundreds of sponsors from diverse backgrounds
across the United States. They
invest in teams that exhibit an opportunistic mindset, a
rigorous investment process, and a commitment to demonstrated
excellence, qualities that have defined Starwood since its
inception.
"We are pleased to partner with a best-in-class institution that
is committed to our firm's strategy and growth. This partnership
invaluably differentiates our firm within the middle market," said
Anthony Perry, co-founder of
Obsidian.
Established in 2022 by Alan-Michael
Hill and Anthony Perry,
Obsidian specializes in multifamily asset investments across
primary and secondary markets in the South and Midwest. Hill and
Perry have extensive backgrounds in finance and business operations
at leading global companies including Apollo Global Management,
Boston Consulting Group, Goldman Sachs, and KKR.
"This transaction is a significant step in the evolution of our
business. Combining our nimble and differentiated approach to the
asset class with Starwood's resources and relationships will
supercharge our trajectory and growth opportunities," said
Alan-Michael Hill, co-founder of
Obsidian.
"We're thrilled to announce this partnership with Obsidian,
which is a key milestone and the first of several investments we
expect in this space. This collaboration not only supports our
belief in Obsidian's potential to become a market leader, but it
also underscores our dedication to partnering with institutionally
minded emerging sponsors with significant upside," said
Bakari Adams, Managing Director at
Starwood Capital and Head of Starwood Impact Investors. "We look
forward to working closely with Alan-Michael and Anthony to help
maximize their firm's success. Their strong track records and
complementary skillsets have been vital to Obsidian's achievements
thus far and we are pleased to partner with them on this next phase
of growth."
About Starwood Impact Investors
Starwood Impact Investors is a return-driven investment platform
whose mission is to enhance the growth of historically
undercapitalized and underrepresented partners in real estate. SII
is dedicated to investing in commercial real estate opportunities
controlled by women and diverse owners and operators across
the United States. Starwood
Capital created SII to combat challenges these owners and operators
face. Although SII investments can span across various risk
spectrums and asset types, SII partners must be 51%+ owned by an
under-represented person or group. SII executes across four
distinct channels: Platform Investments, Joint-Ventures, Ecosystem,
and Education. The platform was launched by Starwood Capital Group
in 2023 and utilizes capital from the firm's existing investment
vehicles. Starwood Impact Investors is led by Bakari Adams, Managing Director at Starwood
Capital Group.
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
5,000+ employees. Since its inception in 1991, Starwood Capital
Group has raised over $75 billion of
capital, and currently has ~$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 $95
billion of capital since inception and manages a portfolio
of over $27 billion across debt and
equity investments. Over the past 32 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
www.starwoodcapital.com.
About Obsidian Capital Partners
Obsidian Capital Partners is an independent multifamily investor
and operator. Obsidian focuses on repositioning assets in primary
and secondary markets across the South and Midwest. The firm
targets low- medium risk alternative investments that improve the
quality of experience for residents and drives outsized returns for
investment partners.
Media Contacts:
Tom
Johnson / Emma
Prenn-Vasilakis
H/Advisors Abernathy
(212) 371-5999
tom.johnson@h-advisors.global /
emma.prenn-vasilakis@h-advisors.global
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SOURCE Starwood Impact Investors