Starwood Property Trust, as a joint venture partner with Pacific Retail Capital Partners and Taconic Capital Advisors LP, announced the acquisition of Kings' Shops in Waikoloa, Hawaii. This transaction marks a new investment in a luxury resort retail destination.
The acquired property is a nearly 70,000 square foot retail center, expanding the portfolio of Pacific Retail Capital Partners in Hawaii. Starwood Property Trust's participation as a key partner diversifies its real estate holdings.
This strategic acquisition provides Starwood Property Trust with exposure to the luxury resort retail sector. The collaboration with experienced partners aims to capitalize on opportunities within this specific market segment, contributing to portfolio growth.
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