Reuters - Starwood Property, Starwood Capital Buy LNR Property for $1B
Starwood Property Trust Inc. and investment firm Starwood Capital Group said they would buy LNR Property LLC for $1.05 billion in cash to expand the trust's real estate servicing and financing business, Reuters reported. Diversified real estate investment firm LNR Property is owned by hedge funds Cerberus Capital Management, Oaktree Capital Management, commercial lender iStar Financial Inc and Vornado Realty Trust.
24 January 2013•1 min read
