Starwood Capital Group

The Miami Beach-based manager has deployed 30% of the fund’s capital raised to date, including in the take-private of a UK REIT last year.

Outsized equity targets, and more time spent trying to reach them, contributed to a shakeup in the top echelons of PERE’s annual rankings.

ESR will remain Cromwell’s largest shareholder, retaining a 19.9% shareholding, after selling 10.8% in a block trade.

John McCarthy, who was SREIT’s CEO from 2017 to 2023, has joined the Bahrain-based manager’s real assets group as advisory director.

Ted Gooden, whose business Växa Partners will focus on M&A advisory and strategic consulting, expects ‘very transformative’ deals over the next five years.

The firm’s C-suite executives may hail from Goldman Sachs, but its property business has multiple links to another industry heavyweight.

ESR shareholders Warburg Pincus and Qatar Investment Authority have joined the consortium in its updated bid for the Asian logistics giant.

The New York-based firm says it now has a $70bn data center portfolio, and significantly more in the pipeline.