Barry Stuart Sternlicht is Chairman/CEO at Starwood Capital Grp Mgmt LLC. Try again later.The numbers behind office leases, retail, sales and financing
591 West Putnam Avenue These cookies will be stored in your browser only with your consent. Tony James, Blackstone’s executive vice chairman, meanwhile, held a Private equity firms have given more to the former vice president, despite the potential for higher taxesThat’s largely thanks to Stephen Schwarzman, the global investment behemoth’s chairman and CEO. Barry Sternlicht, chairman and chief executive officer Starwood Capital Group LLC, arrives at the Robin Hood Foundation Gala in New York, U.S., on Monday May 14, 2012. Non-necessary Meanwhile, at least one senior executive at Starwood, which has about $60 billion in assets under management, has donated modestly to Biden’s campaign. Where Real Estate’s Investment Giants Stand on Biden and Trump But private equity firms with big real estate investments have reasons to be cautious of both campaigns.“If that happens,” Cho said, “capital markets will have a selloff, a protracted period of tumult, and it will be generally bad for every sector — except short sellers.”And while some companies with a heavy focus on real estate have been keeping hush on their candidate of choice, at least one firm is bucking that trend. You also have the option to opt-out of these cookies. Necessary And while some private equity firms may prefer the certainty of a Biden presidency, for others heavily invested in real estate, the possibility of higher taxes and the elimination of 1031 exchanges are a bitter pill to swallow for others heavily invested in real estate, said Jon Woloshin, head of real estate at UBS Wealth Management.“I consider him a friend, but I don’t talk to him as president,” Sternlicht told “It’s not about Biden or Trump winning — it’s about what happens if the election is contested,” said Mukang Cho, CEO of Morning Calm Management, which owns and manages more than 5 million square feet of commercial real estate in the U.S. valued at about $800 million.A spokesperson for Starwood declined to comment.Private equity and other major investment firms have donated more to Joe Biden than President Donald Trump so far this election cycle, campaign filings show, despite the potential for higher taxes.Necessary cookies are absolutely essential for the website to function properly. See Barry Stuart Sternlicht's compensation, career history, education, & memberships. Starwood Capital Group | 25,375 Follower auf LinkedIn | Starwood Capital Group is a private investment firm with a primary focus on global real estate. Another top executive, Madison Grose, Starwood’s co-general counsel, gave $5,600 to U.S. But opting out of some of these cookies may have an effect on your browsing experience.Others at Blackstone, which has $564 billion in assets under management, are throwing their weight behind Biden, however.“What I objected to under the Obama administration was the thought that we were morally corrupt for succeeding,” Sternlicht said.Among the largest global investment firms that specialize in real estate, Schwarzman’s firm is one of the outliers. The Company offers portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations, and investment companies. We also use third-party cookies that help us analyze and understand how you use this website. Please Allow Javascript and reload this page.This website uses cookies to improve your experience while you navigate through the website. Barry Sternlicht is Chairman & CEO of Starwood Capital Group, the private alternative investment firm he formed in 1991 that is focused on global real estate, hotel management, oil and gas, and energy infrastructure. A spokesperson for Bain declined to comment.“Investors say, ‘Let me know the rules of the game so I can play’ — everybody just wants clarity,” he said.More firms may be preparing for that possibility, however.Sources familiar with the internal politics at Blackstone emphasized that while Schwarzman has made big donations to Trump, the life-long Republican is far outnumbered by Biden donors at his own firm.A spokesperson for Blackstone declined to comment.The firm’s president, Jonathan Gray, and his wife Mindy hosted a virtual fundraiser for the former vice president in July. operates as an investment management firm. Overall, executives and other employees at private equity firms have donated more than $21 million to Biden’s campaign and outside groups backing the Democratic candidate, according to research from the nonpartisan group Center for Responsive Politics.
Besides Blackstone, which made hay and ruffled some feathers in the last recession by sweeping up single-family rentals, some other major players including Brookfield Asset Management and Barry Sternlicht’s Starwood Capital Group have been more modest with their giving.Editorially-curated headlines and news to know for the following areas:A few other private equity firms with real estate investments, including Bain Capital, which has more than $100 billion in assets under management, are supporting the Biden campaign and Democratic political committees. These cookies do not store any personal information.Make Greenland Great Again?