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Top related persons:
— - 2 Sternlicht - 2 REITs - 2 Kevin Gannon - 2 Gannon - 2 Barry Sternlicht - 1 SREIT - 1 Matt Malone - 1
Top related locs:
Miami Vegas SREIT Blackstone Brookfield BREIT Tricon Nashville
Top related orgs:
Service - 2 Starwood - 2 Income Trust - 2 Business - 2 Federal Reserve - 2 Starwood Capital - 1 Shareholders - 1 Westin - 1

Search resuls for: "SREIT"


3 mentions found


☆ Billionaire investor Barry Sternlicht, master of the downturn, is now embroiled in one
  + stars: | 2024-05-24 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +6 min
Read previewBarry Sternlicht became a real estate billionaire by snapping up commercial properties on the cheap during market downturns. The 63-year-old Miami-based executive, who built his firm Starwood Capital into a more than $100 billion real estate investment behemoth, has now found himself on the flipside of that formula. The situation is a reversal of fortune for Sternlicht, who is more used to capitalizing on real estate dips than becoming entangled in them. But investor sentiment darkened as interest rates rose and put pressure on real estate asset values. "They're concerned that there may be more markdowns in net asset value if interest rates stay higher for longer.
Persons: —, Barry Sternlicht, SREIT, Sternlicht, Matt Malone, REITs, Malone, Kevin Gannon, Gannon, Jon Mechanic, Fried Frank, Mechanic, Barry Organizations: Service, Starwood Capital, Starwood, Income Trust, Business, Federal Reserve, Shareholders, Westin, Caesars, Opto Investments Locations: Miami, Vegas, SREIT
☆ Why the biggest real estate funds still struggle
  + stars: | 2024-05-17 | by ( Daniel Geiger | ) www.businessinsider.com   time to read: +8 min
Read previewBlackstone, the world's largest landlord, contends the worst is over for commercial real estate. In the first quarter, shareholders in Blackstone Real Estate Income Trust, or BREIT, its $59 billion flagship real estate investment fund, pulled out almost a billion dollars a month on average, according to the company's first-quarter earnings statement. A similar investment fund operated by Barry Sternlicht's Starwood Capital has had an even greater retreat by investors. Share pricing is determined through appraisals of the value of the underlying real estate holdings. In May, Blackstone Real Estate Partners X also completed the $3.5 billion acquisition of Tricon Residential, an owner of single family rental homes.
Persons: —, Barry Sternlicht's, Kevin Gannon, BREIT, reinvigorating, anemic, REITs, Jonathan Gray, Blackstone Heidi Gutman, NBCUniversal, Jon Gray, they're, Gray, outperformance, redemptions, Blackstone, Gannon, They're, Sternlicht, Todd Henderson, REIT, Henderson, It'll Organizations: Service, Investors, Income Trust, Business, Barry Sternlicht's Starwood Capital, Starwood Real, Blackstone, Starwood, KKR, Apollo, Federal Reserve, Communities, Blackstone Real Estate Partners, Tricon Locations: Blackstone, Brookfield, BREIT, Tricon, Nashville, DWS
☆ 2023 is 'a generational buying opportunity' for real estate investing, says the CEO of a private equity firm. He shares which sectors offer the best returns and the REITs to buy.
  + stars: | 2023-01-10 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +4 min
For real estate, he recommends investing in REITs that are managed by major financial firms. The real estate market last year took a massive hit as interest rates increased at an unprecedented velocity due to the Federal Reserve's aggressive tightening. Ari Rastegar, the founder and CEO of Rastegar Property Company, says just looking at macroeconomic trends won't give investors the full picture. Real estate investment trusts, which are entities that own and operate income-producing properties, are on clearance, he said. He recommends looking at the Blackstone Real Estate Income Trust (BREIT) and the Starwood Real Estate Income Trust (SREIT).
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