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Starwood REIT Limits Withdrawals Amid Cash Crunch

1 min read
Source: The New York Times
Starwood REIT Limits Withdrawals Amid Cash Crunch
Photo: The New York Times
TL;DR Summary

Starwood Real Estate Income Trust, managed by Barry Sternlicht's Starwood Capital Group, is limiting investor withdrawals to 1% of the fund's assets per quarter due to a potential cash crunch caused by high interest rates and declining commercial property values. This move aims to avoid selling properties at discounted prices and reflects the challenges faced by real estate investment trusts in the current market.

Topics:top-news#business#cash-crunch#high-interest-rates#real-estate#starwood-reit#withdrawals
Share this article
  1. Starwood REIT, Facing a Possible Cash Crunch, Limits Withdrawals  The New York Times
  2. Starwood REIT Tightens Investor Redemption Limits to Preserve Liquidity  Bloomberg
  3. Starwood Capital limits redemptions in struggling $10bn property fund  Financial Times
  4. A $10 Billion Real-Estate Fund Is Bleeding Cash and Running Out of Options  The Wall Street Journal
  5. One Of America's Biggest REITs Is Seriously Strapped For Cash  Yahoo Finance

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