Focused Investment Strategy to Provide
Enhanced Access to Capital to Diverse and Women-Owned Real Estate
Managers
MIAMI, Feb. 1, 2023
/PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a
global private investment firm with a primary focus on real estate,
today announced the launch of Starwood Impact Investors ("SII"), a
return-driven strategy that seeks to invest in real estate
opportunities controlled by women and diverse owners and operators
across the United States.
SII is a platform that aims to empower underrepresented partners
in the real estate industry by providing them with access to
capital. Starwood Capital, through this initiative, is looking to
expand its network of operating partners through a mix of joint
ventures with established firms and direct investments in emerging
companies. The capital for these investments will come from the
firm's existing investment vehicles and will be made across asset
types.
"The underrepresentation of women and diverse-owned real estate
firms in the market is a significant issue. At Starwood Capital, we
believe that expanding the spectrum of representation will uncover
valuable investment opportunities that may have gone unnoticed
before. By providing more funding and resources to these partners,
we aim to address the significant wealth disparity in the built
environment," said Jeff Dishner,
President of Starwood Capital.
"This initiative is a reflection of our commitment to
environmental, social and governance (ESG) values and our desire to
make a positive impact on our community. It also aligns with our
ongoing objective to promote diversity within our industry," said
Barry Sternlicht, Chairman and CEO
of Starwood Capital.
SII, headed by Managing Director Bakari
Adams and a dedicated team, is designed to identify and
capitalize on promising opportunities in the commercial real estate
sector. In addition to working with senior investment and operating
professionals within Starwood Capital, SII will also establish
impactful partnerships with organizations focused on educational
and talent development. This will help to attract a diverse range
of talent to the industry. Mr. Adams, through his role at Starwood
Capital, will provide access to a wealth of resources, including a
network of capital markets, service providers, brokers, and
industry experts. Prior to joining Starwood Capital in August 2022, Mr. Adams held a leadership role at
real estate private equity firm Interstate Equities Corporation,
overseeing Asset Management, Capital Construction, and ESG.
"I am honored to lead Starwood Impact Investors and to
collaborate with the broader Starwood Capital team and our partners
on this important initiative," said Mr. Adams. "Together, we will
work to address the systemic barriers in our industry by providing
investment capital and expanding the talent pool."
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
$120 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:
Dan Scorpio / Rohan Yaradi
H/Advisors Abernathy
(212) 371-5999
Dan.scorpio@h-advisors.global /
rohan.yaradi@h-advisors.global
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SOURCE Starwood Capital Group