Starwood Capital Lands $312M Loan, Real Estate Portfolio

Law360, New York (January 12, 2012, 3:57 PM EST) -- Real estate private equity firm Starwood Capital Group said Thursday that it had acquired a $312 million portfolio of performing and nonperforming commercial loans and bank-owned properties mainly in Texas from a regional bank in the Southwest.

"This deal represents a great opportunity for our partners to purchase a portfolio of high quality loans in strong markets at an attractive price," Starwood Vice President Brendan Brogan said in a statement.

The portfolio is made up of 106 senior mortgage loans and real estate owned assets, and...
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