Miami-based Starwood Capital Group has closed SOF XIII, raising more than $10.2 billion from over 300 new and existing investors across approximately 20 countries.
The fund will invest in opportunistic real estate globally, with a primary focus on the United States and Europe and selective investments in Asia Pacific. Starwood Capital and related parties committed $100 million to the fund, bringing the firm’s total assets under management to approximately $130 billion.
SOF XIII is designed to invest across asset classes, geographies and positions in the capital structure, targeting residential, data center, industrial and hospitality assets. The fund has already closed or committed to 20 investments, deploying more than $3 billion of equity across housing, industrial and data center assets in the United States, Europe and Asia, reflecting the firm’s global investment strategy and sector focus.