Starwood Capital has its hands in many different types of commercial real estate and sees continued investment opportunity outside of the hotel segment in spaces like multifamily and logistics. It's a strategy that many real estate investment companies have taken to better diversify their portfolios and find yield.
In its latest move in Europe, U.S.-based Starwood Capital, along with its operating partner Avara Oy, sold a large residential portfolio in Finland to Orange Capital Partners for an undisclosed price, according to Multi-Family News. CBRE acted as the advisor for Starwood and Avara.
The portfolio totaled 2,200 apartments across 16 cities in Finland, with half located in the Helsinki region. The firm had acquired the portfolio in 2019.
Federico Bianchi, European head of asset management for Starwood Capital, said that the firm is maintaining focus on investing in "high-quality, affordable, sustainable homes across its markets," with multifamily and single family rental sectors a high-conviction play across European markets.
Beyond the multifamily sector, Starwood is also working on a 2.3-million-square-foot logistics platform across Norway and Denmark, as well as repositioning the Skt Petri Hotel in Copenhagen as 1 Hotel Copenhagen, Multi-Family News further reports.