: Starwood announces new data center-focused unit

Real estate-focused private investment firm Starwood Capital Group recently announced the launch of Starwood Digital Ventures, a new platform dedicated to the group’s data center investment strategy. Starwood Digital will use funds from different Starwood investment vehicles to develop its pipeline as well as partner with data center operators.

Barry Sternlicht, chairman and CEO of Starwood Capital said, "We are incredibly excited about the launch of Starwood Digital, which will provide us with additional opportunities to grow our data center portfolio amidst strong industry tailwinds. With the strong demand for data center services in the United States and growing needs to support end uses such as artificial intelligence, we see continued opportunity to invest in this growing sector.”

Anthony Balestrieri, managing director at Starwood Capital added, “We have worked closely with Worldwide Mission Critical [for] the last several years and look forward to deepening our relationship with the industry experts there, who have become valued partners of ours, as we leverage their skills and strong industry reputation to expand our data center investments both domestically and abroad generating compelling value for our investor.”