Updated Sep 9, 2025
Starwood Capital Group's Barry Sternlicht Secures $930M Refinance Loan For Industrial Portfolio
8410 Kelso Drive
$930,000,000
Building Size
—
Asset Type
Industrial
Closing
Sep 8, 2025
About this deal
AI
An affiliate of Starwood Capital Group secured a $930M CMBS refinancing for 54 industrial properties across five states: Nevada, Arizona, Colorado, Maryland, and Tennessee. The loan is a floating-rate, nonrecourse loan with multiple lenders involved in the transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $930,000,000
- Loan Type: Refinance
- Lender: Goldman Sachs, Barclays Bank, Morgan Stanley, Natixis & UBS
- Landlord: Barry Sternlicht - Starwood Capital Group
Key individuals include Barry Sternlicht representing Starwood Capital Group in the refinancing process. The transaction illustrates the collaboration of major financial institutions in providing capital for industrial assets across multiple markets.
On the Map
$930,000,000
Industrial
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Players
Essex Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93