Starwood's Sternlicht predicts tough road back for retail, hotels

  • April 23, 2020
  • S&P Global Market Intelligence

Starwood Capital invests in global real estate across the property spectrum and has more than $60 billion in assets under management. In a webcast interview with Willy Walker, chairman and CEO of the real estate lending and brokerage firm Walker & Dunlop Inc., Sternlicht said his firm received rent payments in April from roughly 95% of its office tenants and 93% to 94% of apartment tenants, but only about 20% of retail tenants, with strip centers outperforming malls.

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