Jonathan Pollack Takes Lead at Starwood Capital

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Episode Transcript:

In a strategic shift, Starwood Capital has appointed Jonathan Pollack, a seasoned real estate executive, as its new president. Pollack, known for his executive roles at Blackstone and Deutsche Bank, will assume the role in early 2025, taking over from Jeffrey Dishner, who will transition to vice chairman and head of strategy and business development.

Pollack's extensive experience includes leading Blackstone's Real Estate Credit division, overseeing $84 billion in assets and spearheading a significant venture to acquire Signature Bank's loans. His tenure saw Blackstone's earnings of $6 billion in the year ending March 15, 2023. The merger of assets-based finance under Pollack's leadership with corporate credit and insurance aimed to enhance efficiency and drive growth.

At Starwood Capital, Pollack will play a pivotal role, joining various committees, including Executive, Investment, Disposition, and Operating. The move comes as Starwood Capital manages approximately $115 billion in assets and ventures into data center investment through the recently launched $8 billion fund, Starwood Digital Ventures.

Despite Starwood Property Trust, the real estate arm, reporting a robust net income of $339.2 million for 2023, the firm is trailing its 2022 earnings of $872 million. Starwood Capital's recent strategic moves and Pollack's appointment indicate a proactive approach to navigate the evolving real estate landscape.

This is Tyler Cauble, Signing off