Affiliates Starwood Capital Group and Starwood Property Trust agreed to acquire Miami-based real estate developer LNR Property, the world's largest provider of commercial mortgage-backed securities. Sidley Austin, Sullivan & Cromwell, and Schulte Roth are advising.
January 24, 2013 at 05:12 PM
1 minute read
UPDATE, 1/24/2013, 6:40 p.m. EST: The names of Sullivan & Cromwell attorneys working on the deal have been added to the article’s twelfth paragraph.
Miami-based real estate developer LNR Property, the world’s largest provider of commercial mortgage-backed securities‚ will be sold to real estate mogul Barry Sternlicht’s Starwood Capital Group and Starwood Property Trust Inc. in a cash deal worth $1.05 billion.
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