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Slide #72. Starwood Property Trust — LNR Property LLC
Acquirer:
Starwood Property Trust (NYSE:STWD)
Acquiree:
LNR Property LLC
Details:
Starwood Property Trust and Starwood Capital Group, a leading global private investment firm, on behalf of Starwood Distressed Opportunity Fund IX, today announced that they have entered into a definitive agreement to acquire LNR Property LLC ("LNR") for a total purchase price of $1.05 billion in cash.
Starwood Property Trust is a holding company and conducts its business primarily through its subsidiaries. Co. is a real estate investment trust. Co.'s segments include: real estate commercial and residential lending, which engages in originating, acquiring, financing and managing commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, and commercial mortgage-backed securities, among others; infrastructure lending, which engages in originating, acquiring, financing and managing infrastructure debt investments; and real estate property, which engages in acquiring and managing equity interests in stabilized commercial real estate properties.
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Buy (3.25 out of 4) 42nd percentile
(ranked lower than approx. 58% of all stocks covered)
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