Starwood Property Trust’s Barry Sternlicht isn’t worried about rising interest rates. In fact, it’s the opposite. “We’re going to make a lot of money,” he told analysts during a conference call with analysts on Friday. Starwood reported slightly lower third quarter earnings due to high acquisition costs, yet its results met analysts’ expectations. The Miami Beach-based real estate investment trust, an affiliate of Starwood Capital, said Moody revised its ratings outlook to positive from stable. […]
source https://therealdeal.com/miami/2018/11/09/starwoods-barry-sternlicht-optimistic-about-rising-interest-rates-were-going-to-make-a-lot-of-money/#new_tab
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