Barry Sternlicht is Chairman & CEO of Starwood Capital Group, the private alternative investment firm he formed in 1991 that is focused on global real estate. He also serves as Chairman & CEO of Starwood Property Trust (NYSE: STWD), a leading diversified finance company.
For the past 32 years, Barry has structured investments with an asset value of $240B+. Starwood Capital’s investment vehicles have invested in approximately 290,000 residential units, 4,000 hotels, 103M SF of office properties, 75M SF of industrial, 56M SF of retail and 70,000 lots of land in residential subdivisions.
On this episode, Chris and Barry discuss:
- Stories of scaling the business to 120k employees in 6 years
- The value of “A Shared Pair” REIT
- How to take a company from $1B in AUM to $10B
- Selling Caesars Palace
- Thoughts on the 2024 market
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Topics:
00:00:00 - Intro
00:0:01 - AI & Hotels
00:06:34 - The Midas touch
00:08:16 - Scaling to 120k employees in 6 years
00:14:00 - Shared Pair REITs
00:27:15 - Thoughts on Blackstone
00:35:25 - How to buy a REIT
00:39:45 - Taking a company from $1B in aum to $10B
00:48:50 - How did you keep Starwood Capital moving while you stepped away?
00:58:22 - Selling Caesar’s Palace
01:07:53 - Thoughts on the market in 2024
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