Starwood acquires 2,200-unit Finnish residential portfolio
Starwood Capital Group has announced the acquisition through a controlled affiliate of a Finnish rental residential portfolio of approximately 2,200 units in partnership with Avara Oy from a consortium of domestic vendors.
The portfolio of 73 assets is located across 16 cities, with 50 percent of the portfolio by value being in the Helsinki region.
“This transaction provides our investors with exposure to a high-quality portfolio of well-located residential assets in a market benefiting from structural trends towards renting,” said Matthew Parrott, vice president at Starwood Capital.
Starwood Capital has invested in more than 30 countries around the world, including across the Americas, Europe and Asia, and has extensive experience in multifamily real estate. Starwood Capital’s portfolio includes approximately 74,000 multifamily units under management. It is one of the largest owners of market-rate multifamily housing in the United States with properties i