Starwood Property decided to go beyond their comfort zone upon acquiring a General Electric Capital’s Energy Financial Services for over $2.56 billion.
Starwood Property is known for having the largest hotel chain in the world. Aside from that, the real state giant is focused on Commercial Mortgage-Backed Securities (CMBS) and other related platforms as they have started to explore the Investing and Servicing Industry. But, it does not end there.
Recently, the company along with the General Electric Company (GE) has confirmed that Starwood Property would be part of GE Capital’s Energy Financial Services. This marks a new era for the real estate company as they journey to a new world. The acquisition includes a loan portfolio that is valued to over $2.56 billion and $400 million loan commitments.
The business provides a project-finance debt unit with 21 employees working for them. The team focuses on loan origination, underwriting, capital markets and asset management. In a way, they are considered as the ones who would help the company adapt to their newfound industry.
This proves that the company is always open to new opportunities and ready to explore other industries. The company’s number one goal for the past seven years is to create diversity within its organization. The current event shows that the company has a strong will to reach their goals.