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Article: Starwood Capital Group Closes Two Funds.
- Article from:
- PR Newswire
- Article date:
- February 6, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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2005 Total Capital Raised Tops $3 Billion
GREENWICH, Conn., Feb. 6 /PRNewswire/ -- Starwood Capital Group Global, LLC today announced the successful closing of two funds, its $1.475 billion Starwood Global Opportunity Fund VII and its $900 million Starwood Hospitality Fund I. The closing of the funds brings Starwood Capital's total capital raised in 2005 to more than $3 billion.
Starwood's Global Opportunity Fund is focused on investing in undervalued real estate and real estate-related assets and operating companies globally across all property types including senior housing, residential, retail, office, land and development. The Hospitality Fund will ...