Starwood Plays Lender in Refinancing of Westchester Industrial Properties Owned by Dune Real Estate Partners and Robert Martin Company
Starwood Property Trust, led by Barry Sternlicht, continues its influence in the industrial market by providing a $500 million loan to refinance a 42-asset industrial portfolio in Westchester County.
Barry Sternlicht's Starwood Property Trust, known for its significant role in the industrial market, has once again made a major move by lending $500 million to Dune Real Estate Partners and Robert Martin Company. The loan was used to refinance their 42-asset industrial portfolio in Westchester County, a market adjacent to New York City, spanning over 2.4 million square feet.
This loan comes four years after a $455 million recapitalization of the portfolio from Bank of America, which also brought in Dune Real Estate Partners as a new partner. According to https://therealdeal.com/new-york/tristate/2025/08/28/starwood-loans-500m-for-westchester-industrial-properties/