Barry Sternlicht is putting his money where his mouth is. The Starwood Capital Group CEO last month quipped, “when it’s really ugly, it’s a good time to invest.” Now, the company is looking to raise $11 billion for real estate and distressed bets. The firm’s Starwood Global Opportunity Fund XII is looking to raise $8 billion for real estate acquisitions, and a sidecar fund will raise $3 billion for distressed opportunities, Bloomberg reported. Starwood, partly
source https://therealdeal.com/2020/07/31/starwood-eyes-11b-raise-for-real-estate-distressed-bets/
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