Barry Sternlicht's Stories from Building a $120 Billion Empire

Рет қаралды 51,196

The Fort - An Entrepreneurship Podcast

Күн бұрын

Barry Sternlicht is Chairman & CEO of Starwood Capital Group, the private alternative investment firm he formed in 1991 that is focused on global real estate. He also serves as Chairman & CEO of Starwood Property Trust (NYSE: STWD), a leading diversified finance company.
For the past 32 years, Barry has structured investments with an asset value of $240B+. Starwood Capital’s investment vehicles have invested in approximately 290,000 residential units, 4,000 hotels, 103M SF of office properties, 75M SF of industrial, 56M SF of retail and 70,000 lots of land in residential subdivisions.
On this episode, Chris and Barry discuss:
- Stories of scaling the business to 120k employees in 6 years
- The value of “A Shared Pair” REIT
- How to take a company from $1B in AUM to $10B
- Selling Caesars Palace
- Thoughts on the 2024 market
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Topics:
00:00:00 - Intro
00:06:34 - The Midas touch
00:08:16 - Scaling to 120k employees in 6 years
00:14:00 - Shared Pair REITs
00:27:15 - Thoughts on Blackstone
00:35:25 - How to buy a REIT
00:39:45 - Taking a company from $1B in aum to $10B
00:48:50 - How did you keep Starwood Capital moving while you stepped away?
00:58:22 - Selling Caesar’s Palace
01:07:53 - Thoughts on the market in 2024
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Пікірлер: 74

@foofnooff6201 4 ай бұрын

Very polite interviewer, give space to talk but also knows when to interject.

@Stewart5225 2 ай бұрын

Fantastic interviewer! Chris was well prepared and let his guest speak!

@mauialohagram 3 күн бұрын

Just wanted to thank you Chris and a huge thanks to Barry...such a great interview. Invaluable perspective and so many great lessons. My father Leo Heile was SVP of ITT and a brilliant guy (physics major/quant) running $25B for ITT (heard some funny Rand stories)...and before he passed in '02 I asked him if there was any advice he wanted to pass on to the grandkids and he thought for a few minutes (long time for him) and replied 'Yes...always challenge your assumptions, because you're usually wrong. And if you get enough smart people in a room and you all think that way you'll probably arrive at the best solution". Same wisdom Barry is sharing from a lifetime of hits and misses. Such a great perspective, and kudos to him for sharing it so openly and honestly. I hope he writes that book...and ends up in a position to influence public policy at some point. His take on American politics is spot on and his ability to distill the basics of fiscal policy down to a almost a kindergarten level (which is necessary today) is a true gift. Stacking a cabinet with a critical mass of experienced and successful businesses people from various mission critical sectors of the private sector (not just Wall Street) is the only hope we have for righting the ship. That and solving the problem of the corrupting influence of money in politics...haha. Hope to God we eventually get to vote for an independent candidate willing to do both, and Barry is a part of that team.

@besttoeverlive 3 ай бұрын

This podcast is phenomenal, can’t believe it’s just now gaining traction. Truly the greatest pod I’ve seen so far. True business geniuses consistently it’s amazing

@trevorprobandt-dirtroad 23 күн бұрын

Best business podcast I have ever been able to watch, thank you so much for sharing.

@joseph-jg2ie 4 ай бұрын

Easily one of the best podcasts I’ve watched in a while, congrats on the amazing channel!

@StrykerBrown 4 ай бұрын

Such a great interview! Guys like Barry make complex problems and strategies seem like such common sense. Incredible ability to simplify things that I’m sure took thousands of tiny decisions to be made.

@buenobomb 5 ай бұрын

Fantastic interview. Great work. Appreciate the tribute you did to our buddy, Artem.

@realestatejunkie0414 5 ай бұрын

Cool stuff. Barry sounds less like a real estate guy and more like an architect/design guy. Sounds like that’s where his passion comes from.

@innovativethinker7494 5 ай бұрын

Just one word: wow! Barry is a genius

@josephpalakeel9104 2 ай бұрын

Great episode! Barry has such a calm and humble demeanor while talking about some heavy hitting stories... Shoutout Peoria!

@CMF1010 4 ай бұрын

Great interview, and great behind the scenes look at how these deals get done. Thanks for letting him speak and not interrupting too often

@SHINE88 4 ай бұрын

Great interview, especially the last 10 minutes or so. Thank you.

@eea1119 5 ай бұрын

Barry's the best, and his stories are always entertaining

@srreventon 5 ай бұрын

63 years old and a finance mogul I would like to see him be a guest professor at a university

@FinancialFreedomLifestyle 4 ай бұрын

Always great to hear from Barry.

@TexasCountryLiving 5 ай бұрын

Fascinating inside baseball. Also nice insight on the economy/fed policy at the end.

@JohnDoe-vf9yc 4 ай бұрын

One of my favorite interviews! I love the stories and the insights 🎉

@lukewickham555 5 ай бұрын

Phenomenal interview. Very interesting. Thank you

@tonysemkov8516 3 ай бұрын

This is amazing, can listen to hours of Barry talking about the crazy deals he did :D

@BibinBCherian 4 ай бұрын

"Petroleum distributor" when working at a gas station lol, good interview.

@the.remedee 5 ай бұрын

For someone who did not major in math, he is great with numbers.

@crileymane 5 ай бұрын

another great one thanks!

@teakcore5261 2 ай бұрын

Excellent podcast. Great guest with very interesting stories!

@viaggi3945 5 ай бұрын

Fascinating person and story.

@cryptojew6204 5 ай бұрын

Barry the boss

@amonifinau4048 3 ай бұрын

Thank you!

@briandalrymple2771 Ай бұрын

What an incredible and insightful interview. thank you so much.

@maea344 Ай бұрын

Just pure Gems!!

@bluejimi2815 4 ай бұрын

This was excellent - thank you

@Bernoulliflyer 3 ай бұрын

Very interesting! Thank you.

@dhowto3005 4 ай бұрын

Thanks!

@marketing7053 5 ай бұрын

Great thumbnail man!!

@GRINDONDABEAT 4 ай бұрын

Amazing thing this is

@tariqcollins2609 4 ай бұрын

Deal live on the pod is crazy

@packmanstart 4 ай бұрын

Bro looks like Joe Biden, if Biden used TRT

@FULL_SPECTRUM_EXCELLENCE 4 ай бұрын

How do you "start with" 21m?

@FORTpod 4 ай бұрын

Raise it from 3rd party investors

@the.remedee 5 ай бұрын

I have watched Barry on a few youtube videos, I have yet heard anyone ask him " What is /are the entry steps for someone with limited capital get into real estate? I would like to ask him that, even better to get an answer. Thanks

@user-we3br2ji4n 5 ай бұрын

If you didn’t catch he started with 21 million

@user-vd5lt9wv9t 5 ай бұрын

His answer is passion and focus never stop and maintain integrity no MATTER WHAT!

@the.remedee 5 ай бұрын

Thanks for the response, I did hear that. Thank you! Obviously, connections and his previous work led to that 21 Million. My question is directed towards the everyday person. @@user-we3br2ji4n

@___Truth___ 4 ай бұрын

Raising money from investors (consider family), using FHA loans while saving $5K-$10K, getting into real estate in the beginning is purely a matter of equity, unfortunately it’s more expensive to find capital to use for real estate now since capital is getting expensive, but nonetheless it’s equity over profitability in the beginning years, overtime as things get paid out you build more equity & credit to carryover to other real estate projects that begin to turn profit slowly but surely

@JokerFace55 4 ай бұрын

No timestamps is crazy

@nasseralsadi7099 4 ай бұрын

What kind of watch is he wearing?

@the.remedee 5 ай бұрын

He gets asked the same questions every time ... dios mio !!!!

@bryceherring946 5 ай бұрын

Is he a designer or real estate developer?

@nathanieltauber8190 4 ай бұрын

Why is Powell out in January 2025?

@99CaNdYfLiP99 4 ай бұрын

Didn't know, joe Biden has a twin 🔥🔥

@nickrobles9225 5 ай бұрын

boss

@isaiahfritz 2 ай бұрын

This was EIPC.

@pondurosa3792 4 ай бұрын

Thought this was Joe Biden

@chickboi3 4 ай бұрын

That dude looks like Biden but alive version. lol

@cuongvitruong 4 ай бұрын

Is this an AI podcast?

@dahyeshaouudoo-ing1463 3 ай бұрын

Joe Biden X Jeff Bezos lmfao

@DJRS2178 4 ай бұрын

2% by May no way.

@tuckerbugeater 4 ай бұрын

his cousins at the fed

@ZubairPenang 4 ай бұрын

Who let Biden on a podcast

@cynthia-jo1zz 4 ай бұрын

He's a lefty???

@Ant_Dawg216 Ай бұрын

😂😂🤦🏿‍♂️

@TylerAustin123 4 ай бұрын

The Panerai

@CG-po8gy 4 ай бұрын

Is that bald guy Joe Biden?

@blackbeautymachine 4 ай бұрын

joe biden

@luciddreamer1975 4 ай бұрын

The only reason I would want to win the lottery is so I can work and do business Consulting for every business I can and not ask for any money and start all of my amazing projects and programs and theater shows. I don't think anybody has any clue of how bad this is and to justify it it's just worse because would you all be okay if you are daughter or niece were sold all around the world and everyone's making trillions and she made absolutely nothing ever but works all the time on plans and then never stops coming up with ideas and staying positive it is so hard to hear people laughing I want to be happy to it's unreal to think that none of you are helping I can't fathom that I could never imagine having money like that and not helping me is so terrible to think that that's what America and citizens think is okay. It seems like that is destined to backfire especially if it is a man in charge that can just change laws to make what they're doing legal but if you did it to anyone else it was illegal I would imagine that this is about control and this could go very very wrong. Because the US Department of State guys are the ones that set up the PayPal and put some money on my bank account in 2020 and they said well at least we won't have to go down we did our share

@fsquared8663 4 ай бұрын

I thought the world and all of real estate was going to fall apart because the Federal Reserve was raising interest rates too much 😢cry me a river Barry 😂