Barry Sternlicht Of Starwood Asset Management Secures $482.5M Refinance Loan From Nomura Securities
Single Family Rental Portfolio
$482,500,000
Building Size
—
Asset Type
Single Family Residence
Closing
Aug 17, 2026
AI
The asset involved is a single-family rental portfolio encompassing 1,749 homes across multiple states, including Georgia, Arizona, and Florida. The entire portfolio is currently more than 96% leased, indicating a strong occupancy rate and demand for the properties. This refinancing transaction is valued at $482,500,000.
Summary of transaction details:
- Property Type: Single Family Rental
- Transaction Amount: $482,500,000
- Lender: Nomura Securities
- Landlord: Barry Sternlicht - Starwood Asset Management
- Loan Type: Refinance
- Loan Terms: floating-rate, interest-only
- Market: Georgia, Arizona & Florida
- Portfolio Acquisition: Starwood Asset Management acquired the portfolio worth $674 million in 2021–2022
- Percentage of Homes: Approximately a third in Georgia, about a quarter in Arizona, and just under 12% in Florida
Barry Sternlicht, representing Starwood Asset Management, played a pivotal role in securing the refinance of the portfolio, utilizing the loan from Nomura Securities to effectively enhance the financial structure of these rental homes. This strategic move aligns with the company's broader investment goals and market positioning within the single-family rental sector.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.03%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93