View map, Neue Mainzer Str. 2022 Trustpilot, Inc. All rights reserved. All 1 Hotels are designed to meet the stringent requirements of LEED certification, the rating system administered by the U.S. Green Building Council that is the industry standard to evaluate building performance. 1082 MD Amsterdam, Netherlands Coast Capital Savings Federal Credit Union is a member of the Canada Deposit Insurance Corporation (CDIC). REDS has significant experience in the area of lease-up and conversions. With over 55 projects completed, REDS has taken the primary responsibility to identify the property management firm and develop budgets, marketing plans, and lease-up schedules. Once REDS develops those plans and schedules, REDS works to accomplish the lease-up according to the parameters of the financial model and the lenders underwriting requirements. REDS takes a primary role in working together with the property management firm as well as overseeing and supervising their work. Furthermore, REDS has successfully completed permanent finacing conversions in every project in its 30-year history. The conversion process is the sole responsibility of REDS, and it has demonstrated its commitment to success by never missing a conversion and always converting for the original amount specified. REDS has mastered both the lease-up and conversion process given its extensive experience. Los Angeles was one of the nations last office markets to recover from the Great Recession, and we discovered several trends that led us to believe it was poised to deliver outsized risk-adjusted returns. Such was the case when the Firm teamed up with affiliateStarwood Property Trust (NYSE: STWD) on the $1.05 billion acquisition of the largest special servicer in the U.S., LNR Property LLC, in April 2013. This transaction served as an early example of the Firms skill in identifying undervalued assets and enhancing operations through itsasset management expertiseand helped establish the Firmas a global leader in the hospitality space. In February 2013, Starwood Distressed Opportunity Fund IX, alongside a limited partner co-investment vehicle, acquired Principal Hayley Group and its extraordinary pan-U.K. collection of 22 grande-dame style hotels, as well as a London conference center. Our ultimate sale price was just 2% below our previously underwritten 2023 stabilized exit value despite the project still being under construction and having 88K sf of unleased ground floor retail space. The REDS core strategy of service-oriented relationship building has led to extensive long-term relationships with industry partners including tax credit syndicators, tax advisors, attorneys, lenders, financial institutions and builders, all experts in turning multi-family housing deals into reality. Access to these resources provides a unique value to REDS clients with the flexibility, adaptability and creative problem solving abilities drawn from some of the best and brightest partners in the business. The team builtthis portfolio using a network of local partners who managed the renovation and leasing of these homes and theresolution of the loans. The premier private money lending company on Californias Central Coast. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value. This transaction is a prime example of Starwood Capitals ability to get ahead of capital flows in areas not yet on the radar screen of other investors. At the time of our acquisition, the Seattle office market had seen robust growth fueled by tech-oriented tenants, which comprised nearly half of all recent leasing activity. We are now winding up the remaining assets. We combine speed, flexibility, and experience to provide you the perfect finance solution for your business. The seller was focused on a quick, certain execution and only approached a few bidders that could complete such a large transaction. REDS has been awarded approximately $267 million in Low Income Housing Tax Credits (LIHTC) through the California Tax Credit Allocation Committee (CTCAC) and financed over $181 million in Tax Exempt Bond Debt through the California Debt Limit Allocation Committee (CDLAC) since 1990. View map, 2, avenue du Bouchet The combined platform enabled us to unlock significant synergies including over 5 million in annual cost savings. Proud of our admired culture rooted in 80 years of excellence. Our application process is fast and easy allowing you to receive funds within days. Starwood Capital is perhaps best known for creating and building Starwood Hotels & Resorts. We are an asset based lender. At acquisition, Starwood Capital owned similar assets in 87% of Milestones markets by unit count, providing valuable information and adding to our conviction in pursuit of this opportunity. Washington, D.C. 20006 The first building that the JVdeveloped, One UnionStation, was sold in 2014and established a newhigh-water mark for Denver officepricing on a per-square-foot basis. As of acquisition, we were bullish on the economy extended-stay sector, as there was virtually no competitive supply currently under construction. As a Certified B Corp, were transparent, globally accountable, and reinvest a meaningful amount of our annual profits back into local communities. EQR went on to become the largest publicly traded apartment owner in the country, with Barry Sternlicht serving on its Board of Directors for several years. Starwood Capital has long demonstrated the ability to tackle complex investments that offer attractive risk/returnpotential. By the end of March 2021, we had completed the majority of the core and shell work and delivered over 95% of the leased premises to Amazon for its tenant improvement work. Box 807 Also, their team is very easy to work with. Instead of accepting the status quo when managing property, we are committed to setting a new standard for the private equity industry. Although the region had generally proven challenging for foreign buyers prior to our acquisition, our deep relationships in the region enabled us to secure this opportunity on an off-market basis. N.W., Suite 400A In 1993, Japanese construction company Aoki Corp. was under pressure from its lenders to shed non-core operations, including Westin Hotels & Resorts. By the end of June 2021, the investment had returned our equity investment plus substantial profit with additional warrants still owned by Starwoods fund. REDS provides industry leading finance and development consulting services with an incomparable commitment to the value of long-term relationships. View map, 11100 Santa Monica Boulevard, 16th Floor View map, 6455 Irvine Center Drive We require no proof of income and no credit score requirements. Block G, Plot C62 This transaction marked the first of numerous investments in which the Firm created leading real estate platforms or companies in order to enhance value for its investors. We modified our initial business plan and sold the majority of assets early in order to capitalize on compressed cap rates due to strong investor demand for value add 1980s product. Some of our deposit rates have changed. Starwood Capital Group is a proud signatory of the United Nations-supported Principles for Responsible Investment. Frankfurt, Germany Calle Serrano 47, planta 12 They are fast, really responsive and answer all questions. Development Capacity Building / Education & Training. You can disable cookies in your browser settings, but certain areas of the site may not work as expected if you do. In October 2017, SOF XI acquired PCT Office Campus, a LEED Gold-certified Class A office campus in El Segundo, California comprising 1.5 million sf in three office towers. REDS has successfully completed three Rental Assistance Demonstration (RAD) projects which consisted of substantial rehabilitation of several scattered site Public Housing properties owned and operated by Fresno Housing Authority. REDS has also completed numerous mixed-income and affordable projects through CalHFA (formerly CHFA) financing programs, in communities as large as Fresno and Bakersfield, and as small as Coalinga. Each property in the 1 Hotels portfolio is distinguished by open spaces bathed in natural light, food made with the freshest organic ingredients and materials for construction and furnishings that are reclaimed or repurposed whenever possible. The first wasLNRs Commercial Property Group, a real estate portfolio consisting of 26 assets in nine states, concentrated in land suitable primarily for single and multifamily development. In 2015, Starwood Capital took a major step in the Firms expansion into the select-service space with Starwood Global Opportunity Fund Xs acquisition, alongside a limited partner co-investment vehicle, of TMI Hospitality, one of the largest owners, managers and developers of select-service hotels in the United States, with 184 operating hotels and more than a dozen in the development pipeline. View Map, 1700 Westlake Ave N, Suite 200 In 2014, Google Capital invested $50 million in Auction.com and committed to helping the company take advantage of its unique platform. Central Hong Kong Anyone can write a Trustpilot review. View map, 12811 N. Meridian Street At that time, HOT had an equity market capitalization of just $8 million and needed an immediate recapitalization. Please note that not all Capital Group companies operate in each of our locations. Our private mortgage loans are approved based on the equity in the property youre looking to receive funding for. The office space was key to Amazons growth plans located within two blocks of its U.S. headquarters with room for more than 2,500 employees. Information provided by various external sources. The Firm contributed the assets to a small, public REIT that it controlled and provided a dedicated management team to the entity. As a result of these efforts, Westin saw itsmanaged or franchised hotels increase from approximately 70 to more than 120, before Starwood Hotels & Resorts (formerly NYSE: HOT, since merged with Marriott Hotels) purchased the businessfor $1.6 billion in January 1998. Feel free to reach out to us! Copyright 2022 | Pacific Coast Capital, LLC | Term of Service | Privacy Policy |Licensed by the California Department of Financial Protection & InnovationWebsite Designed and Developed by SDA Creative, PACIFIC COAST CAPITAL, LLC Announces New Revolving Line of Credit with Texas Capital Bank, PACIFIC COAST CAPITAL, LLC adds Dan Johnson as Business Development Consultant in Northern California, PACIFIC COAST CAPITAL, LLC adds Patrick J. Brennan to Leadership Team, PACIFIC COAST CAPITAL, LLC Streamlines Direct Lending Services with Crowd Machine, Webinar: Bringing Automation to Asset Based Lending. View map, 40 Grosvenor Place View Map, 3500 Wiseman Boulevard Our acquisition basis was well below recent El Segundo trades of mid-rise creative office and low rise creative office, as well as Class A trades in nearby submarkets such as Santa Monica, Playa Vista and Culver City. View Map. Khoi you are a great client who was just facing an unfortunately situation, glad to help! Shanghai, China 200080 Our leadership team has an average of over 30 years owning and operating lending businesses. The portfolio was concentrated in some of the fastest-growing markets in the U.S., with over 50% of the portfolios NOI at acquisition located in the countrys top 14 MSAs for projected five-year population, household and employment growth. Several factors have helped make this a successful investment including proactive asset management, value-add initiatives, market conditions and opportunistic sales. 28001 Madrid, Spain REDS is a Central California based, second generation family owned and operated company that has been committed to developing high quality housing communities that create and maintain value for residents, investors, and local communities for over 30 years. View map, 444 W. Lake Street, Suite 4600 Once the team decided tospin off these assets, it scoured the country to find a best-in-class management team to build an industry-leadingcompany. Starwood Capital has demonstrated time and again that environmentally conscious investing can also be profitable investing. As an industry leader, we embrace the opportunity to serve as stewards of the environment. All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. The business has grown dramatically since inception, and Starwood Property Trust today is a diversified finance company with a core focus on the real estate and infrastructure sectors. Industrial Assets Acquired, 1 Hotel Central Park, New YorkStarwood Opportunity Fund VIII and Starwood Hospitality Fund II, London South Bank Central, LondonStarwood Global Opportunity Fund XI, The Principal ManchesterStarwood Distressed Opportunity Fund IX, Helsfyr Atrium, OsloStarwood Global Opportunity Fund X, Perimeter One, Raleigh, NCStarwood Global Opportunity Fund X, Vertigo Office Building, LuxembourgStarwood Global Opportunity Fund X, Sol Beach House, Ibiza, SpainStarwood Global Opportunity Fund X, PCT El Segundo Office Campus, El Segundo, CAStarwood Global Opportunity Fund XI, Andros Isles, Daytona Beach, FLStarwood Global Opportunity Fund XI, Quattro Business Park, Krakow, PolandStarwood Global Opportunity Fund X, The Atlantic, Atlanta, GAStarwood Opportunity Fund VIII and Corus Co-Invest, Walker Tower, New YorkStarwood Opportunity Fund VIII, Belmundo, Dsseldorf, GermanyStarwood Global Opportunity Fund XI, The Principal London, Russell Square, LondonStarwood Opportunity Fund IX, 1001 Heathrow Park Lane, Orlando FLStarwood Global Opportunity Fund XI, Wells Fargo Center, Minneapolis, MN Starwood Global Opportunity Fund XI. With this acquisitiontogether with SOF Xs purchase of the National Multifamily Portfolio (23,262 units), also completed in January 2016Starwood Capital became one of the largest owners of market-rate multifamily housing in the United States. In April 2017, Starwood Capital investment vehicles acquired Milestone Apartments REIT (TSX: MST.UN), a Toronto Stock Exchange-listed, multifamily REIT, for a total enterprise value of approximately $3 billion. View map, Suite 207 We have been made aware of an investment scheme fraudulently using Capital Groups name. It became clear to us in late 2016 that El Segundo was evolving from an office market dependent on the aerospace and defense industries, into one with broad appeal to traditional corporate tenants as well as media, technology and entertainment companies. The collateral was primarily office, multifamily and mixed-use, with minimal exposure to construction or the sectors most directly impacted by Covid. LNRs position as the largest special servicer in the United Statesand the named special servicer on approximately 20% of all CMBS transactions in the industryenables it to provide unique insights into sectors and markets. View map. Between 1994 and 1998, Starwood Capital dramatically expanded the rebranded Starwood Hotelshighlighted by the acquisition of two major hotel companies, Westin Hotels & Resorts and ITT Sheraton. This concept extends to our approach to environmentally responsible investing as well. Milestone Apartments REIT acquired the additional assets that SOF X later acquired in a separate investment (Milestone Multifamily Portfolio). Toronto, Ontario, Canada M5J 2T3 With its Walker Tower investment, Starwood Capital was able to position itself to capitalize on the New York City luxury condo boom. Amid the depths of the Great Recession, Starwood Capital recognized that traditional commercial lenders were withdrawing from the marketplace and a significant need had emerged for alternative commercial mortgage financings. Anticipating an opportunity that would emerge following the financial crisis, the Firm in 2008 began to selectivelyacquire both small and large assemblages of finished and semi-finished residential lots in some of the nationsmost distressed markets that the team nonetheless believed were positioned for recovery.To pursue thisstrategy, Starwood Capitalcreated Starwood Land Ventures, which teamed up on an exclusivebasis with best-in-class, local residential land experts in Arizona, California,Colorado and Florida. The portfolio grew further in March 2014 with the acquisition of De Vere Venues, which added 23 owned and leased hotels, as well as several conference centers in London. View map, 1155 Ren-Lvesque Blvd O Clearly, the market agreed with the teams assessmentextremely high demand allowed Walker Tower to sell out at an average of $3,750 per square foot. We take such matters very seriously to ensure the protection of our firm, our clients, and the wider community in which we operate. The skill and ingenuity demonstrated by REDS financing abilities are matched by the companys development expertise. Since 1985, REDS has successfully interfaced with over thirty city governments in fourteen counties. In developing over 55 rental communities, REDS has faced a unique combination of social conditions and environmental concerns for each property. The REDS team has successfully navigated through issues such as endangered species mitigation, obtaining 401 and 404 permits from the Army Corp of Engineers for wetlands preservation, managing extensive EIR processes working with coastal communities for project approval in water sensitive coastal regions and most recently working with the State of California to approve RDA funds committed as RDAs were dissolved. This has developed very unique analytical skills and negotiating expertise, providing our clients with a dedicated team that is capable of isolating and mitigating otherwise very difficult development obstacles. Tokyo, Japan 100-0005 At the time, the company needed liquidity to relieve pressure from lender margin calls due to Covid-related market volatility, and Starwood was one of the few investors willing to commit capital at this point in the pandemic. Case postale 180 We acquired this 10-asset, 1.6 million square foot portfolio of light industrial, distribution and life science assets in the U.K. via an off-market transaction in December 2019. The opening also marked the launch of 1 Hotels, a new lifestyle hotel brand that cultivates the best of eco-conscious design and sustainable architecture, together with extraordinary comfort and an unrivaled level of service. The Firm received numerous industry and guest accolades while increasing the hotels net operating income 800%. This leading global hotel company has its origins in Starwood Capitals initial investment in publicly traded Hotel Investors Trust (NYSE: HOT) in 1994. In August 2009, Starwood Capital created Starwood Property Trust, Inc. (NYSE: STWD), a publicly traded real estate finance company focusing on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt investments. L-1855 Luxembourg This sale also set a record for the highest price per key for a U.S. hotel outside of New York and the highest price per key for a resort property in the U.S. We assembled this portfolio by acquiring three bankrupt companies from two banks between February 2013 and March 2014 for a gross purchase price of $1.1 billion. Mid-Coast Capital, Inc. is the premier private money lending company on Californias central coast. Atlanta, GA 30309 In addition, the team executed an exit strategy of a private portfolio sale to investors seeking a well-diversified portfolio of strong cash flow-generating hotels. Each scenario is underwritten separately allowing us the flexibility to get approval within in hours. We use a safe and secure loan management system that is available to you 24/7. View Map, 399 Park Avenue, 34th Floor We use dedicated people and clever technology to safeguard our platform. The portfolio at acquisition included 61existing buildings and 57 acres of land, as well as a building under constructionin Raleigh. In October 2009, a consortium led by Starwood Capital acquired a $4.5 billion face-value distressed loan portfolio owned by the former Corus Bank. The Firms track record with this complex investment includes a number of milestones: a revamp and expansion of the Louvre Hotels budget business that spurred dramatic market share gains, and eventually led to the sale of the business to Chinas Jin Jiang International Holdings Co., Ltd.; the sale of the Taitttinger Champagne and Annick Goutal businesses; the sale of a 22% stake in Baccarat and an enhancement of the brand in conjunction withits 250-year anniversary that included the launch in March 2015of the ultra-luxury Baccarat Hotel & Residences New York; the execution of a sale-leaseback transaction for 32 budget hotels in France at an attractive yield; and the careful disposition of the portfolios luxury hotels at compelling prices. In January 2016, SOF X and Milestone Apartments REIT acquired Landmark Apartment Trust, a publicly registered, non-traded REIT. We are investigating the matter and working with the local authorities. SOF Xs portfolio93% occupied at acquisitionhad major concentrations in Dallas, Atlanta, Orlando, Tampa, Charlotte, and Nashville. In addition, Starwood Property Trust in early 2014 spun off its single-family residential operations into a separate entity (Starwood Waypoint Homes has since merged with Invitation Homes) that is now the largest publicly traded investor, owner and operator of single-family rental homes in the U.S. I have been an investor is CCG for 10+ years.The fund has always delivered on its claim of a 10% annual ROI. Lets build the right plan to reach your financial goals, together. Starwood Capital created value throughout all phases of the investment period for these select-service properties. 501 Dongdaming Rd Use of this website and materials is also subject to approval by your home office. Prior to making this investment, our acquisitions team spent significant time conducting market research to identify submarkets best positioned to benefit from improving macro trends and office fundamentals throughout LA. Walker Tower presented an exciting redevelopment opportunity, due to its 136 average ceiling heights, art deco architecture, space for residential terraces, unobstructed views of the Empire State Building, Hudson River, New York Harbor and both midtown and downtown, neighborhood amenities and existing development rights. View map, 333 S. Hope Street, 53rd Floor Mr. Sternlicht created W Hotels, generally regarded as the worlds most successful boutique brand, built St. Regis Hotels froma single hotel to a global brand, and is credited with industry innovations including the Westin Heavenly Bed and line of related products and Starwood Preferred Guest, the industrys first no-blackout frequent-stay program. Milestone owned a high-quality, Class B+ portfolio of 78 garden-style apartment assets with 24,061 units in high-growth markets concentrated in Texas and the Southeastern and Western U.S. Our basis was approximately $123K per unit, which was an estimated 2530% discount to replacement cost. As a direct lender to small and middle market companies, we pride ourselves on being able to use our experience, speed, and technology to your advantage.