Starwood Capital Group Launches RE Securities Firm

GREENWICH, CT-Starwood Capital Group launched Starwood Real Estate Securities, which will be headed by veteran securities executive Matthew C. Gilman. He has been appointed chief executive officer and portfolio manager for Starwood Real Estate Securities.

For the past five years, Gilman has been senior portfolio manager of ABP Investments US, Inc., the US subsidiary of the Dutch-based civil service pension fund company that is believed to be the largest of its kind in the world. At ABP Investments US, Gilman managed an $8-billion portfolio of publicly traded real estate securities that were diversified across all property type sectors, Starwood Capital officials say.

Commenting on the launch of Starwood Capital Group’s new real estate securities venture, chairman and CEO Barry Sternlicht says, “For many years, I have suggested to institutions that a viable real estate strategy should utilize the liquid REIT market to produce core returns and, to achieve higher returns, they should focus on opportunity funds which can acquire, develop, and structure higher risk reward offerings. Over the long run, successful REIT investing depends upon the same in-depth understanding of real estate fundamentals and the interplay between real estate and capital markets.”