Barry Sternlicht Of Starwood Asset Management Secures $482.5M Refinance Loan From Nomura Securities

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.