Starwood IPO raises $810 million for new REIT

08/13/2009 | Bloomberg ·

The newly formed mortgage REIT backed by Barry Sternlicht, Starwood Property Trust Inc., plans to invest in existing commercial real estate debt, residential mortgages and other real estate-related financing on the heels of its successful IPO. The offering brought in $810 million. Share prices briefly fell after the offering but recovered to finish the day unchanged.

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