Barry S. Sternlicht Of Starwood Property Trust Acquires $2.2B Net Lease Package From Bruce Flatt

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.