Starwood Capital Raises $10.2B for Data Centers, Housing, and Real Estate

According to Bloomberg, Starwood Capital Group raised $10.2 billion for a new fund investing in data centers, rental housing, and other commercial real estate. The company plans to allocate up to 35% of capital to data centers, roughly double the proportion in its previous opportunity fund, as artificial intelligence reshapes real estate demand. Chairman Barry Sternlicht noted the fund positions the firm to capitalize on anticipated growth in the sector.
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