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Alternative Assets  + Real Estate  | 
Starwood Launches New Strategy Focused on Diverse and Women-Owned Real Estate Managers

Starwood Launches New Strategy Focused on Diverse and Women-Owned Real Estate Managers

Barry Sternlicht’s real estate-focused Starwood Capital Group has launched a new strategy, Starwood Impact Investors, that provides diverse and women-owned real estate managers access to capital. The funds for the new strategy will come from the firm’s existing investment vehicles and made across asset types.

“This initiative is a reflection of our commitment to environmental, social and governance (ESG) values and our desire to make a positive impact on our community. It also aligns with our ongoing objective to promote diversity within our industry,” said Barry Sternlicht, Chairman and CEO of Starwood Capital.

The new strategy will be led by managing director Bakari Adams.

As a dominant force in the commercial real estate business, Starwood manages Starwood Property Trust, the largest commercial mortgage REIT in the US, which has deployed more than $91 billion and manages a debt and equity book of $27 billion.

Since its inception in 1991 Starwood has raised more than $70 billion and oversees approximately $120 billion in assets.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.