Seeking Alpha

Starwood Property Trust finances California office complex purchase and rehab

  • The 1M square foot California Center office complex in Pleasanton, CA was purchased by Swift Real Estate Partners for $160M. Starwood (STWD) provided $152M in financing, but before anyone worries about too steep of a LTV ratio, just $106.5M is for the purchase, and $45.5M will be used to pay for capital improvements.
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Comments (5)
  • Barbara1
    , contributor
    Comments (5) | Send Message
     
    I don't know what to think? I sold my shares when it reached $23.00 & lost money.
    Now I want to by back the shares? Any comment? Help!
    23 Jul 2014, 03:06 PM Reply Like
  • fuzzymc
    , contributor
    Comments (176) | Send Message
     
    As a frequent holder of stwd on a couple of occasions I have purchased shares only to find more shares floated at a lower price suggest you wait thinking this will happen again.
    23 Jul 2014, 03:16 PM Reply Like
  • minnman
    , contributor
    Comments (8) | Send Message
     
    $24 to buy back in.
    23 Jul 2014, 03:17 PM Reply Like
  • TakingMyTime
    , contributor
    Comment (1) | Send Message
     
    Hi Barbara1,

     

    My personal suggestion for what it's worth.. is when you buy REITs, buy good quality long term cash generating ones - ones that pay a healthy Dividend and have been growing and don't bother selling them.

     

    STWD has been growing for the last 5 yrs, they pay a healthy dividend. They have grown from 1.3B to 4.3B in Equity over 5 years..

     

    Take your time and hang on to them..

     

    Buying them for $24 or $22 in year the dividend of 8% practically covers this.

     

    You can see a snapshot of the overall performance here:
    http://cnnmon.ie/1tBnlWe

     

    23 Jul 2014, 03:59 PM Reply Like
  • Barbara1
    , contributor
    Comments (5) | Send Message
     
    Thanks to u all. I will wait and buy it back at a much lower price? Waiting for it to go to $23 or lower?
    24 Jul 2014, 06:13 PM Reply Like
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