Starwood Capital Group Chief Executive Barry Sternlicht has invested in nearly every corner of the real-estate world, from hotels to condos to shopping malls.
In the last few years, however, the property magnate and creator of the W hotel brand has increased his presence in the world of residential real estate by snapping up cheap land from builders, buying about 1,500 foreclosed single-family homes to renovate and rent out, and most recently, by taking home builder TRI Pointe Homes Inc.public in a stock offering………………………………………..Full Article: Source