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

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


Vital Details
  • 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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