Press release year list 2018 2017 2016 2015 2014 2013 2012 2011 2010
December 28, 2010
GREENWICH, Conn., Dec. 28, 2010 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) today announced that the Company has recently deployed $271.9 million of capital through three separate loan originations: a $206 million first mortgage loan, mezzanine loan and bridge loan on a portfolio of ten full service hotels located throughout the United States (collectively, the "Hotel Loan"), a $33.9 million first mortgage and mezzanine loan on a portfolio of drug stores located throughout the United States (collectively, the "Drug Store Loan") and a $32 million first mortgage loan on a retail development in Vail, Colorado (the "Retail Loan"). The Company recently raised net proceeds of approximately $434.8 million through the sale of shares of its common stock and these investments represent the deployment of existing cash on hand as well as a portion of the proceeds from the offering. "We continue to effectively deploy our capital as we source attractive investments," said Barry ...
December 15, 2010
GREENWICH, Conn. , Dec. 15, 2010 /PRNewswire-FirstCall/ - Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it has completed the sale of 23,000,000 shares of its common stock, including 3,000,000 shares sold pursuant to the exercise in full of the underwriters' over-allotment option, at a price of $19.73 per share.  The net proceeds of the sale were approximately $434.8 million after the underwriting discount and estimated offering expenses.  All of the shares were offered by the Company and were issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds received from the offering to purchase additional commercial mortgage loans and other target assets.  The Company may also use a portion of the net proceeds for other general corporate purposes, including, but not limited to, repayment of outstanding indebtedness and working capital needs. Citi, ...
December 9, 2010
GREENWICH, Conn. , Dec. 9, 2010 /PRNewswire-FirstCall/ - Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of a public offering of 20,000,000 shares of its common stock at a price of $19.73 per share, for net proceeds of approximately $378.0 million after the underwriting discount and estimated offering expenses (or approximately $434.8 million if the underwriters' over-allotment option is exercised in full).  The Company has granted the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock solely to cover over-allotments, if any.  The offering is expected to close on December 15, 2010 .  All of the shares were offered by the Company and will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds received from the offering to purchase additional commercial mortgage loans and other target ...
December 7, 2010
GREENWICH, Conn. , Dec. 7, 2010 /PRNewswire-FirstCall/ - Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it plans to sell 20,000,000 shares of its common stock in an underwritten public offering.  The Company also plans to grant the underwriters a 30-day option to purchase up to an additional 3,000,000 shares of its common stock to cover over-allotments, if any.  All of the shares will be offered by the Company and will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds received from the offering to purchase additional commercial mortgage loans and other target assets.  The Company may also use a portion of the net proceeds for other general corporate purposes, including, but not limited to, repayment of outstanding indebtedness and working capital needs. Citi, Wells Fargo Securities, BofA Merrill Lynch, Deutsche Bank Securities and ...
December 6, 2010
- Closes $150 Million Warehouse Financing Facility and $125.2 Million Secured Credit Facility - GREENWICH, Conn., Dec. 6, 2010 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company") today announced that the Company closed a $150 million warehouse financing facility with Goldman Sachs Mortgage Company (the "Warehouse Facility") and a $125.2 million asset based credit agreement with Bank of America, N.A. (the "Credit Agreement").  The Warehouse Facility matures in December 2012 and will be used to finance the Company's acquisition or origination of commercial mortgage loans. The Credit Agreement matures in December 2013 and may be extended by the Company for an additional one year period ending on December 2014 .  Furthermore, under certain circumstances the amount available under the Credit Agreement can be increased to $150 million to purchase additional assets. The Credit Agreement was fully drawn at closing to finance the Company's discounted acquisition of a ...
November 9, 2010
- Achieves $0.56 of Diluted Core Earnings per Share - - Declares $0.40 Dividend for Fourth Quarter - GREENWICH, Conn. , Nov. 9, 2010 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company"), a commercial real estate finance company that is structured as a real estate investment trust, today announced operating results for the third quarter 2010. The Company's Core Earnings(1), a Non-GAAP financial measure, were $27.0 million or $0.56 per share for the quarter ended September 30, 2010.  Net Income attributable to the Company for the same period was $22.7 million or $0.47 per common share. Results included a gain of $9.3 million, or $0.19 per common diluted share, related to the Company's participation in a commercial mortgage securitization. Net interest margin in the third quarter generated from investments was approximately $22.8 million, up from $18 million in the second quarter of 2010. "We're pleased with our continued progress and the quality of our ...
October 18, 2010
GREENWICH, Conn. , Oct. 18 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company") today announced that the Company will release its third quarter 2010 financial results on Tuesday, November 9, 2010 after the close of trading on the New York Stock Exchange.  A conference call will be held on Wednesday, November 10, 2010 at 10:00 a.m. Eastern time . During the conference call, the Company's officers will review third quarter performance, discuss recent events, and conduct a question-and-answer period. To Participate in the Telephone Conference Call: Dial in at least five minutes prior to start time. Domestic:  877-407-0784 International:  201-689-8560 Conference ID:  358460 Conference Call Playback: Domestic:  877-870-5176 International:  858-384-5517 Passcode:  358460 The playback can be accessed through November 24, 2010.

Webcast: The conference call will also be available in the Investor Relations section of the Company's website at ...
October 4, 2010
Stew Ward, Chris Tokarski and Warren de Haan also join SPT Management GREENWICH, Conn., Oct. 4 /PRNewswire-FirstCall/ - Starwood Capital Group ("Starwood Capital") announced today that it has hired a team of seasoned executives to drive the growth of Starwood Property Trust, Inc. (NYSE: STWD), a leading commercial real estate finance company that completed its initial public offering in August 2009. The four executives, Boyd Fellows, Stew Ward, Chris Tokarski and Warren de Haan, have joined Starwood Capital effective as of October 1, 2010 as senior executives of SPT Management, LLC ("SPT Management"), the external advisor and manager to Starwood Property Trust, Inc. The four executives have worked together for more than 15 years and have more than 90 years combined experience in both commercial real estate ("CRE") finance and the capital markets. Among their collective accomplishments, together they founded and built Countrywide Financial Corporation's CRE finance business into one of ...
September 9, 2010
Starwood Property Trust (NYSE: STWD) today announced that Leo Huang , Managing Director and Head of Real Estate Fixed Income, will present at the Rodman & Renshaw Annual Global Investment Conference.  The presentation is scheduled to begin on September 14, 2010 at 11:15 AM ET at the New York Palace Hotel. About Starwood Property Trust, Inc. Starwood Property Trust, Inc. (NYSE: STWD) is a commercial real estate finance company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments, and has originated or acquired over $1.3 billion of loans since its IPO in August 2009 .  Starwood Property Trust, Inc. is externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group, and intends to elect to be taxed as a real estate investment trust for U.S. federal income tax purposes. SOURCE Starwood Property Trust Contact: Andrew J. Sossen, +1-203-422-8100, ...
August 17, 2010
GREENWICH, Conn. , Aug. 17 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) today announced its participation in a recently completed commercial mortgage securitization which generated non-recourse match funded financing for the Company with an effective cost of funds of approximately 3.5%.  The Company separated five mortgage loans with an aggregate face value of $178 million into senior and junior loans.  It contributed the five senior loans, comprised of either a senior A note or senior participation (the "Contributed Loans"), with a face value of approximately $84 million to the securitization and received approximately $92 million in proceeds, while retaining $94 million of junior interests.  The Contributed Loans are secured by office, retail and industrial properties and have remaining maturities between four and seven years.  Goldman, Sachs & Co., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC acted as initial purchasers. Each of the five ...
August 9, 2010
- Declares $0.33 Per Share Dividend for Third Quarter - - Total Investments Reach Over $1.3 Billion - - Announces Closing of $350 Million Financing Facility - GREENWICH, Conn., Aug. 9 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company"), a commercial real estate finance company that is structured as a real estate investment trust, today announced operating results for the second quarter 2010. The Company's Core Earnings(1), a Non-GAAP financial measure, were $12.5 million or $0.26 per share for the quarter ended June 30, 2010 .  Net Income attributable to the Company for the same period was $10.8 million or $0.23 per common share. Net interest margin in the second quarter generated from investments was approximately $18.0 million , up from $12.4 million in the first quarter of 2010, reflecting the earnings impact of $177 million of new investments made during the second quarter. Additional interest income earned from cash balances during the quarter was ...
July 30, 2010
Announces Completion of over $1.3 billion of Investments Company Confirms Second Quarter Earnings Call GREENWICH, Conn. , July 30 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company") announced today that veteran finance executive Jerome Silvey will assume financial reporting responsibilities for the Company beginning on July 30, 2010 on an interim basis while the Company completes its search for a permanent Chief Financial Officer. Jerome Silvey is an Executive Vice President of the Company and has been the Chief Financial Officer of Starwood Capital Group ("SCG") for 17 years, joining SCG in 1993 after spending 13 years with Price Waterhouse.  Mr. Silvey will report to Barry Sternlicht, the Company's Chief Executive Officer.  Mr. Silvey was Chief Financial Officer of iStar Financial (d.b.a. Starwood Financial) at the time of its initial public offering and is currently a member of SCG's Executive and Investment Committees and oversees all of its partnership ...
July 16, 2010
GREENWICH, Conn. , July 16 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company") today announced that the Company will release its second quarter 2010 financial results on Monday, August 9, 2010 after the close of trading on the New York Stock Exchange.  A conference call will be held on Tuesday, August 10, 2010 at 10:00 a.m. Eastern time . During the conference call, the Company's officers will review second quarter performance, discuss recent events, and conduct a question-and-answer period. To Participate in the Telephone Conference Call: Dial in at least five minutes prior to start time. Domestic:  877-407-0784 International:  201-689-8560 Conference ID: 353659 Conference Call Playback: Domestic:  877-660-6853 International:  201-612-7415 Account #: 3055 Passcode:  353659 The playback can be accessed through August 24, 2010 . Webcast: The conference call will also be available in the Investor Relations section of the Company's website at ...
July 15, 2010
GREENWICH, Conn. , July 15 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company") announced today that the Company has recently committed to invest approximately $175 million of capital in three separate transactions.  In July, the Company sourced and was the lead lender in the origination of a $138.0 million renovation loan (the "Hotel Loan") for the Hyatt Regency New Orleans (the "Hotel") and was the purchaser of an $85.0 million subordinate first mortgage loan (the "Mall Loan") secured by a regional mall located in suburban Columbus, Ohio (the "Mall") for a discounted purchase price of $68.6 million . In addition, the Company has committed to purchase an additional $45.5 million participation in a B-note secured by four resorts in the United Kingdom (the "Corporate Loan") for a discounted purchase price of $37.4 million . The Hotel Loan, which the Company expects will be fully funded over a 12-month period, is a first mortgage which matures in July 2016, ...
June 14, 2010
GREENWICH, Conn. , June 14 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company") announced today that its Board of Directors has authorized the repurchase of up to $50 million of its outstanding common shares over a period of one year.  The share repurchase program will be funded through the Company's existing cash. Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or discontinued at any time. About Starwood Property Trust, Inc. Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and ...
June 7, 2010
GREENWICH, Conn. , June 7 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) (the "Company") today announced that Mr. Barry Sternlicht , Chief Executive Officer, will present an overview of the Company followed by a question and answer period at REITWeek 2010: NAREIT's Investor Forum at the Hilton Chicago.  The presentation is scheduled to begin on Thursday, June 10 at 3:45 P.M. Central Time . The presentation and question and answer period will be broadcast live over the Internet and can be accessed by all interested parties through the Company's website at www.starwoodpropertytrust.com in the investor relations section.  There will be a replay available following the presentation which will remain on the Company's website for ninety days. About Starwood Property Trust, Inc. Starwood Property Trust, Inc. (NYSE: STWD) is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real ...
May 26, 2010
GREENWICH, Conn. , May 26 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD) today announced that the Company has recently deployed $131.4 million of capital through the origination of a $59.0 million first mortgage loan on a 38-story office building (the " Property ") located in the heart of Chicago 's central business district (the " Office Loan ") and through the $72.4 million discounted purchase of a $90.6 million participation in a B note secured by four resorts in the United Kingdom (the " Corporate Loan "). The Office Loan matures in May 2015, bears interest at the rate of 8.0% per annum, and has a debt yield of 11.5% and an expected unlevered return of approximately 8.8%.  The Company's basis in the Property is approximately $77 per square foot.  In the near term and in connection with additional investment deployment, the Company expects to apply appropriate leverage to the Office Loan to increase its expected return. The Corporate Loan matures in October 2013 , ...
May 10, 2010
- Declares a $0.25 per Share Second Quarter Dividend - GREENWICH, Conn., May 10 /PRNewswire-FirstCall/ - Starwood Property Trust (NYSE: STWD), a real estate investment trust focused primarily on the commercial mortgage loan market and other commercial real estate-related debt investments, today announced operating results for the first quarter 2010. The Company's Core Earnings(1), a Non-GAAP financial measure, rose to $7.5 million or $0.15 per share for the quarter ended March 31, 2010 .  Net Income attributable to Starwood Property Trust, Inc. for the same period was $5.9 million or $0.12 per common share. Net interest margin in the first quarter generated from investments was approximately $12.4 million , versus $4.4 million in the fourth quarter of 2009, largely due to $563.2 million of investments completed late in the quarter.  Additional interest income earned from cash balances during the quarter was approximately $0.6 million . "We continue to aggressively pursue appropriate ...