Barry Sternlicht Barry Sternlicht’s Starwood Property Trust saw earnings fall by nearly a third at the start of the year as the company wrote down losses from struggling malls. The real estate investment trust, an affiliate of Miami Beach-based Starwood Capital, reported a year-over-year drop in net income of nearly 30 percent, down to $70.4 […]
Starwood’s CEO hates the Opportunity Zone program. Guess whose company just launched an OZ fund?
Barry Sternlicht (Credit: Getty Images) Barry Sternlicht, the CEO of Starwood Capital Group, has been pretty public about his dislike of the Opportunity Zones program. But Miami Beach-based Starwood, which has 58 properties located in Opportunity Zones, has announced plans to raise $500 million for an Opportunity Fund to invest in low income areas designated […]