Global law firm White & Case LLP has advised Starwood Capital Group on the acquisition and financing by a controlled affiliate of a Finnish rental residential portfolio of approximately 2,200 units, in partnership with Avara Oy, from a consortium of domestic vendors.
The portfolio of 73 assets is located across 16 cities, with 50% of the portfolio by value being in the Helsinki region.
Starwood Capital Group is a private investment firm with a core focus on global real estate, energy infrastructure and oil & gas. Together with its affiliates, Starwood Capital Group maintains 12 offices in five countries around the world, and currently has approximately 4,000 employees. Since its inception in 1991, Starwood Capital Group has raised $45 billion of equity capital and currently has in excess of $60 billion of assets under management.
The White & Case team in Helsinki which advised on the transaction was led by partner Timo Airisto, with support from partner Tanja Törnkvist and associates Essi Lavikkala, Nikolas Limingoja, Krista Rekola, Artturi Puoskari and Asta Tukianen.
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