trending Market Intelligence /marketintelligence/en/news-insights/trending/7JnoUXq1-VX7A4Pyvo-Vkw2 content esgSubNav
In This List

Starwood Capital confirms TRI Pointe stake pull-out

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends


Starwood Capital confirms TRI Pointe stake pull-out

Starwood Capital Group confirmed that, together with its affiliates, it sold 11,985,905 million shares of common stock it owned at TRI Pointe Group Inc.

The investment firm cited "ongoing disappointment in the performance of the company over the past several years, lack of confidence in the strategic direction of the company and disagreement over the best way to maximize shareholder value" as reasons for the stake disposal.

At the same time, Starwood's Barry Sternlicht and Christopher Graham announced their resignation as chairman and director, respectively, from TRI's board. Sternlicht is Starwood Capital's chairman and CEO.