Starwood Property Trust chief financial officer Barbara Anderson resigns
By APFriday, July 30, 2010
Starwood Property Trust CFO Anderson resigns
GREENWICH, Conn. — Real estate investment trust Starwood Property Trust said its chief financial officer, Barbara Anderson, has resigned.
Anderson left to “pursue different career options,” said Andrew Sossen, the company’s head of investor relations. “It was a completely amicable departure.”
The company said her duties would be handled on an interim basis by Jerome Silvey. He is an executive vice president with the company, and has been chief financial officer of Starwood Capital Group for 17 years. Starwood Capital Group provides management services to the REIT.
Starwood Property Trust went public almost a year ago with a plan to invest in commercial mortgage loans and other real estate debt.
The company said on Friday that it has invested $1.3 billion from the IPO and other financing so far, and that as of Friday it had about $182 million in cash and liquid securities. It said it is in discussions to get additional financing soon.
The company said it expects to reach its targeted growth for cash flow and dividends.
Starwood Property Trust shares fell a penny to $17.89 in afternoon trading.
Tags: Connecticut, Greenwich, North America, Personnel, United States