Starwood Property Trust Hints at Acquisitions in the Wake of Coronavirus
In an update for its shareholders in the wake of the global SARS-CoV-2 coronavirus outbreak, Starwood Property Trust (NYSE: STWD) dropped hints that it will soon be shopping for new assets.
The mortgage real estate investment trust (mREIT) said in the document published Friday that "[c]rises can present unusual opportunities and while we are being prudent and judicious in this uncertain climate, we look forward to deploying our significant financial resources and global footprint to take advantage of market dislocations as they continue to arise."
Starwood didn't further speculate as to what kind of assets, generally or specifically, it might consider buying, if any.
Source Fool.com
