Tag Archives: Barry Sternlicht

Joining The $SWAY! Starwood Waypoint Trust To Merge With Colony American Homes

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Betting on distressed residential real estate became extraordinarily popular post-crisis and the space even attracted some big money names including Blackstone (BX) and Colony Capital (CLNY). Barry Sternlicht’s Starwood Property Trust (STWD) was another entrant and in early 2014 the company spun off its single family residential real estate assets into the Starwood Waypoint Residential Trust (SWAY). The macro trends… Read More »

ONEOK & Starwood Property Trust Complete Their Spinoffs

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For some reason, spins tend to cluster around the end of the month, and January 31st witnessed some impressive action with the completion of two separate transactions. First off, ONEOK (OKE) completed the spinoff of its natural gas distribution business ONE Gas (OGS). The new company is trading under the ticker ‘OGS’ and shareholders of ONEOK should have… Read More »

Show Me The Waypoint! Starwood Property Trust To Spin Off Its Residential REIT Starwood Waypoint Residential Trust

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Sometimes rumors and hints actually turn into reality. We noted last May that real estate wizard Barry Sternlicht, Chairman of Starwood Property Trust (STWD), hinted at a possible spinoff of a residential REIT during a company conference call. Just a few months later the company made it official and announced that its board of directors approved the spin off… Read More »

No Weyerhauser Out? Company Near Deal To Spin WRECO To Tri Pointe Homes In Reverse Morris Trust

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Earlier this summer, Weyerhauser (WY) announced that it was exploring ‘strategic alternatives’ for Weyerhauser Real Estate Company (WRECO), its homebuilder unit. Those options included including ‘continuing to hold and operate WRECO, or a merger, sale or spin-off of the business.’ The unit ranks in the Top 20 homebuilders and sold 1,099 homes in H1 2013. The exploration of strategic… Read More »

Starwood Property Trust CEO Barry Sternlicht Says Company May Spin Off Residential REIT

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Barry Sternlicht of Starwood Capital has a long history of real estate success. Nearly two decades ago, he built Starwood Hotels(HOT) from scratch into one of the world’s largest hotel companies. More recently, as Chairman and CEO of Starwood Propert Trust(STWD) he has assembled the country’s largest commercial mortgage REIT. The firm has financed some of the most… Read More »