Real Estate Safest Bet Amid Volatile Markets, Sternlicht Says
- Property is more insulated in the current difficult market
- Sternlicht wary of lack of transparency in Chinese market
Sternlicht: Real Estate Market Best to Invest In
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Barry Sternlicht, chairman of Starwood Capital Group, said sharp movements in stocks and a lack of liquidity makes real estate the best major market to invest in right now.
Starwood Capital, Sternlicht’s $44 billion real estate investment firm, is opting for safety by adding to its book of 40,000 apartments and 52 million square-feet of office space, he said in a television interview on "Bloomberg <GO>" with Stephanie Ruhle and David Westin.