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Starwood Property Trust Snaps Up Another Florida Affordable Housing Portfolio For $600m - Costar Group
Posted on: Jan. 5, 2018, 3:31 p.m.
Starwood Property Trust Inc. (NYSE: STWD) has agreed to buy 28 properties with a combined 6,185 affordable housing units in Orlando, Tampa and other major Florida markets for $600 million. Starwood, the nation's largest commercial mortgage REIT, announced the signing of a definitive agreement to acquire the institutional-quality portfolio in an off-market transaction. The 99% leased portfolio is predominately located in Orlando, with other properties... Full investment news article