Barry Sternlicht, founder of Starwood Capital, defends gating Starwood REIT withdrawals, attributing it to falling rates. Sternlicht criticizes Fed Chair Jay Powell's rate path, warning of potential issues if rates aren't lowered. He emphasizes that investors should not view his Starwood REIT property fund as an ATM. Sternlicht predicts rent increases in two years, blaming Jerome Powell for the situation. A tweet criticizes Sternlicht for allegedly spreading lies about rates causing higher rents.
Barry Sternlicht of Starwood Capital who has been crying about higher interest rates for 2 years straight has found a new lie to spread. With home construction at highest levels in DECADES he's trying to spin rates causing higher rents. He's a fucking liar. https://t.co/VzoMdvxGVE
Real estate billionaire Barry Sternlicht says rents will rise in two years—and it’s Jerome Powell’s fault. https://t.co/bfRZBHniTQ
Barry Sternlicht says investors shouldn’t think of his Starwood REIT property fund ‘as an ATM’ https://t.co/4nsTrP60H4
“Inflation was going to come down on its own without a 500 basis point rise,” Starwood Capital’s Barry Sternlicht says of Jay Powell’s rate path. “He has a problem coming if he doesn’t lower rates.” https://t.co/fJxG9USQDT
Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a 'six-month thing' as rates fall https://t.co/gLitB5l2N6