Starwood Property Trust is a publicly traded diversified real estate finance company and commercial mortgage REIT headquartered in Miami Beach, Florida. Founded in 2009 as an affiliate of Starwood Capital Group, the company went public in August 2009 in what became the third-largest REIT IPO in U.S. history and the largest blind pool company ever listed on the New York Stock Exchange. The firm operates through four primary business segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing & Servicing. Its lending operations focus on originating, acquiring, financing, and managing commercial mortgage loans, including first mortgages, subordinate debt, mezzanine loans, B-notes, and preferred equity. The company expanded into residential lending in 2016, targeting non-agency residential mortgage loans, and entered infrastructure lending in 2018 through its acquisition of GE's Energy Project Finance debt business. In 2013, Starwood Property Trust partnered with Starwood Capital to acquire LNR Property LLC, which included LNR Partners LLC, one of the largest commercial mortgage special servicers in the United States. The property segment acquires and manages equity interests in stabilized commercial real estate, including multifamily properties, medical office buildings, and net lease assets. In July 2025, the company closed its acquisition of Fundamental Income Properties