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Barry S. Sternlicht Of Starwood Property Trust Acquires $2.2B Net Lease Package From Bruce Flatt
SOLD
$2,200,000,000
New York
See Similar DealsPackage Deal
Sold 07/16/2025
SOLD
Barry S. Sternlicht Of Starwood Property Trust Acquires $2.2B Net Lease Package From Bruce Flatt
Package Deal
Sold 07/16/2025
Summary
Asset Type:Package Deal
Transaction Type:Sale
Starwood Property Trust is acquiring a package deal involving Brookfield’s $2.2 billion net lease platform, which encompasses 467 properties across 12 million square feet and spans 44 states in the United States. The transaction total is $2,200,000,000.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,200,000,000
- Buyer: Barry S. Sternlicht - Starwood Property Trust
- Seller: Bruce Flatt - Brookfield Asset Management
- Number of Properties: 467
- Total Square Footage: 12,000,000
- States Involved: 44
This acquisition enables Starwood Property Trust to expand its real estate lending strategy into net lease investments. The executives anticipate that this deal will be accretive to earnings following refinancing and new deployments.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$117,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,816,135.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429,122.39
Annual Debt Service$125,149,468.65
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