Nobody knows how to sniff out distress like Barry Sternlicht. In the early ‘90s, in the thick of the savings and loans crisis, his company Starwood Capital Group scooped up real estate loans for pennies on the dollar. And after snapping up distressed debt from Miami to Los Angeles during the financial collapse of 2008, Starwood became one of the largest real estate investors in the country. Sternlicht knows how to make money when others
source https://therealdeal.com/2020/11/11/a-tale-of-two-markets-some-cmbs-players-see-huge-losses-others-opportunity/
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