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With $644 Million Purchase, Starwood Expands Bet on Affordable Apartments

Miami Investment Giant’s REIT Picks Up 4,618 Units Across Mid-Atlantic, Sun Belt
The 268-unit Thomas Chase apartment complex in Jacksonville, Florida, is one of four properties Starwood Real Estate Income Trust bought from Vestcor. (CoStar)
The 268-unit Thomas Chase apartment complex in Jacksonville, Florida, is one of four properties Starwood Real Estate Income Trust bought from Vestcor. (CoStar)
By John Doherty
CoStar News
November 2, 2020 | 10:35 P.M.

Starwood Capital Group, a private global firm that manages more than $17 billion across debt and equity investments, is expanding its bet on affordable housing, the corner of the apartment market professionals say is underserved.

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