Business
Starwood Property Trust to Acquire $2.2 Billion Net Lease Platform
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company" or "Starwood Property Trust") today announced that the Company has entered into a definitive agreement to acquire Fundamental Income Properties, LLC ("Fundamental"), a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion.
About this update from Brookfield Asset Management Inc
[{"type":"text","content":"- 467 Properties, 92 Tenants, 17 Year Weighted Average Lease Term and Contractual Rent Growth -","length":95,"tagName":"p","attribs":{}},{"type":"text","content":"- Platform Provides Growth Engine in Global Net Lease Real Estate Market -","length":74,"tagName":"p","attribs":{}},{"type":"text","content":"- Solidifies the Company's Position as Leading Diversified REIT -","length":69,"tagName":"p","attribs":{}},{"type":"text","content":"- Transaction Expected to be Accretive to Distributable Earnings -","length":66,"tagName":"p","attribs":{}},{"type":"text","content":"- Provides Preliminary Financial Results for Q2 2025 -","length":54,"tagName":"p","attribs":{}},{"type":"text","content":"- Early Declared $0.48 Dividend for Q3 2025 -","length":45,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI BEACH, Fla., July 16, 2025 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) (the "Company" or "Starwood Property Trust") today announced that the Company has entered into a definitive agreement to acquire Fundamental Income Properties, LLC ("Fundamental"), a fully integrated net lease real estate operating platform and owned portfolio, for approximately $2.2 billion.","length":420,"tagName":"p"},{"type":"text","content":"Fundamental, currently owned by Brookfield Asset Management, operates a vertically integrated net lease real estate investment business led by a best-in-class, experienced management team. The 28-person team, which will be employed by the Company, brings comprehensive capabilities across originations, credit and real estate underwriting, portfolio management, and capital markets. Fundamental executes its acquisitions through strong relationships with middle market companies and private equity sponsors across a variety of industries.","length":538,"tagName":"p"},{"type":"text","content":"The acquired portfolio consists of 467 properties spanning 12 million square feet across 44 states, 56 industries, and 92 tenants. The assets demonstrate strong credit quality, featuring a 17-year weighted average lease term, and 2.2%1 average annual rent escalations.","length":268,"tagName":"p"},{"type":"text","content":""When we went public in 2009, we said we would create a diversified company around the areas of expertise of our Manager, Starwood Capital. With the addition of...