Sidley Austin Reps Starwood In $1B LNR Property Buy

Law360, New York (January 24, 2013, 2:21 PM EST) -- Starwood Property Trust and Starwood Capital Group have pooled their resources and plan to scoop up LNR Property LLC for $1.05 billion from a consortium of investment and banking firms, significantly expanding Starwood Property’s global scale and distressed assets business, the companies said Thursday.

Per a definitive agreement, the Starwood Property is ponying up $856 million for LNR’s special servicer arm, its investment securities portfolio, a managing and servicing arm for small commercial loans and real estate assets, LNR’s European operations and half of a minority...
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