an affiliate of investment firm Starwood Capital Group led by its billionaire founder Barry Sternlicht, fell about 3% in extended trading. The commercial mortgage real estate investment trust has a market capitalization of about $7 billion. Advertisement · Scroll to continue
Report This Ad Fundamental, owned by Brookfield Asset Management (BAM.TO), opens new tab, focuses on acquiring commercial properties for sale-leaseback deals. BofA Securities is the financial adviser to Starwood, while Wells Fargo and Evercore are advising Brookfield Asset Management. Separately, Starwood announced a stock offering of 25.5 million shares to help fund its purchase of Fundamental.
