iStar (SFI) to Sell 24% Interest in LNR Property LLC; Will Net $220M
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Starwood Property (STWD) to Acquire LNR Property in $1.05B Deal
January 24, 2013 6:43 AM ESTStarwood Property Trust, Inc. (NYSE: STWD) and Starwood Capital Group, a leading global private investment firm, on behalf of Starwood Distressed Opportunity Fund IX, today announced that they have entered into a definitive agreement to acquire LNR Property LLC ("LNR") for a total purchase price of $1.05 billion in cash.
LNR, founded in 1969, is a leading... More
