Starwood expects to boost offshore investing as US economy slows

Starwood Property Trust’s Barry Sternlicht told analysts the real estate investment trust increased its offshore spending in 2018, particularly “in the beer-drinking countries” of Europe, and expects to continue investing internationally this year as the U.S. economy keeps slowing. On Thursday, the REIT, an affiliate of Miami Beach-based Starwood Capital, reported a drop in profits in 2018, a year in which it invested a record $11.6 billion, up 58 percent compared to 2017. In 2018, […]

source https://therealdeal.com/miami/2019/02/28/starwood-expects-to-boost-offshore-investing-as-us-economy-slows/#new_tab