Starwood Capital Group Acquires Multifamily Asset In Clearwater For $66.9M

Barry Sternlicht has recently sold a multifamily property located at 2168 Druid Rd in Clearwater. The transaction took place on August 16, 2022, and the property was purchased by Starwood Capital Group, with Barry Sternlicht representing the buyer. The sale price for this property was $66,900,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,900,000
• Address: 2168 Druid Rd, Clearwater
• Market: Clearwater
• Units: 240
• Price Per Unit: $278,750

Starwood Capital Group, led by Barry Sternlicht, made a significant investment in this multifamily property in Clearwater. With a total of 240 units, the property was purchased at a price of $66,900,000, which translates to approximately $278,750 per unit. This transaction highlights the continued interest of Starwood Capital Group in the real estate market, particularly in the multifamily sector. The acquisition of 2168 Druid Rd further expands their portfolio and solidifies their presence in Clearwater.