As a REIT investor, I got to take in whatever perspective that I can come across about the supply and demand of properties going forward.
Our newest associate adviser have not even started work in the company but he has alerted me to this pretty good interview by the chairman and CEO of Starwood Capital Group.
Some of these people are motivated by their personal interest about the issue, so what they tell us might be a little or very bias.
I think this is a pretty balanced interview.
Starwood Capital group is an investment firm that was born out of the US Savings and Loans Crisis in 1991.
The failed banks had to let go of their properties and Barry Sternlicht raised $20 million from a few New York families to fund the purchases of these properties. Today, they hold $60 billion worth of assets.
I have always associated the Starwood name with hotels but turns out as a group entity, Starwood operates more as an investment firm...