Two former executives at Starwood Capital Group and Extell Development are starting a fund to capitalize on undervalued properties in and around New York City. Sush Torgalkar, who until August was CEO at Extell Development, and Lanhee Yung, who was previously head of fundraising and investor relations at Starwood, hope to raise $500 million for their first fund under the auspices of Sage Hall Partners, the New York-based firm the two founded, Bloomberg News reported.
source https://therealdeal.com/2020/10/02/extell-starwood-alums-seek-500m-for-contrarian-investing/
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