Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as fees fall

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Starwood Cash Team CEO Barry Sternlicht defended his choice to cap how much cash traders could pull from his true estate fund.
Starwood introduced new constraints that cap regular withdrawals at .33% of net asset value.
Sternlicht explained he made the decision to carry out the cap to guard faithful purchasers who in no way redeemed.

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