Greenwich Secures $350 Million from Starwood
Deal News | Apr 15, 2025 | Fortress Investment Group LLC (NYSE:FIG)
The Greenwich, a premier residential destination in Manhattan, has secured $350 million in financing from Starwood Property Trust. This new influx of capital is set to further strengthen its position in the real estate market. The Private Equity firm Fortress Investment Group, listed on the NYSE under the ticker FIG, is associated with this development as it is linked to the Greenwich project. This financing is indicative of continued confidence in Manhattan's residential market and suggests potential for expansion or enhancement of Greenwich's real estate offerings. Starwood Property Trust's involvement highlights its strategic interest in premier real estate assets.
Sectors
- Real Estate
- Finance
Geography
- United States – The deal takes place in Manhattan, a borough in New York City, which is a part of the United States.
- New York – The Greenwich project, located in Manhattan, New York, is the focal point of this financing initiative.
Industry
- Real Estate – The article focuses on a financial deal related to a major residential real estate project in Manhattan, highlighting investment activities in this sector.
- Finance – The involvement of Starwood Property Trust in providing substantial financing denotes significant financial activity within this industry.
Financials
- 350 Million – The amount of financing secured by The Greenwich from Starwood Property Trust.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fortress Investment Group LLC | Private Equity Firm | Company | A leading private equity firm associated with the Greenwich residential project. |
| Starwood Property Trust | Financing Provider | Company | A company providing $350 million in financing to the Greenwich project. |
| The Greenwich | Target Company | Company | Premiere residential destination in Manhattan, recipient of the financing. |