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ST Residential Wants to Keep Buying

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Under the headline "Starwood Again Circles Condo Carcasses," the Wall Street Journal reports that Barry Sternlicht's Starwood Capital Group, which purchased the Corus booty of loans, is "on the prowl" for more distressed properties. "[Wade Hundley, CEO of ST Residential] said there wasn't a set dollar amount that ST's investors were looking to put toward new assets, but the company feels it has an infrastructure set up for handling troubled projects that could give it an advantage." [WSJ]