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Starwood Property Trust Inc. and Starwood Capital Group Management LLC said Jan. 24 that they signed a definitive agreement to acquire LNR Property Corp., a real estate investment, finance, management and development company.
The total purchase price for LNR Property is $1.05 billion in cash.
Pursuant to the terms of the agreement, Starwood Property Trust will acquire LNR Property's U.S. special servicer segment, U.S. investment securities portfolio, Archetype Mortgage Capital, Archetype Financial Institution Services,...