|
About Lockton
|
Starwood Capital Group
 |
|
 |
In the last week of 2006, most businesses were winding down for the holidays. Not so for Starwood Capital Group or Lockton. Starwood was working to complete the acquisition of ten Class A office buildings in Northern California before the end of the year, as well as a multi-family apartment building portfolio on the East Coast. Halfway between, Lockton was providing insurance due diligence and risk managment to help bring the $1+ billion transactions to a close before year’s end.
GET THE DEAL DONE
This is typical of the nonstop operations of Starwood Capital Group, a real estate private equity company. Starwood has brokered with Lockton for two years, forging what Courtney Osborne, Starwood’s risk manager, calls, "a very strategic partnership."
She says Starwood had chosen Lockton because, like Starwood, Lockton is global and brings real estate, construction and energy expertise to the relationship. She explains, "Most insurers are not set up to address the requirements of a real estate investment company with high net worth and institutional investors."
Because mere hours can mean the difference between a deal closed or an opportunity lost, Starwood requires fast, accurate insurance projections. Lockton created a master program that enables them to accurately forecast and quickly provide premium cost estimations.
GREEN AND GROWING
|
Ellis Rinaldi, Co-General Counsel
Courtney Osborne, Risk Manager
|
| Keeping up with Starwood Capital Group, a global private equity firm, requires around-the-clock Lockton readiness to perform due diligence for investment acquisitions. |
|
|
|
Ellis Rinaldi, co-general counsel at Starwood, references the company’s "1" Hotels & Resorts that will be one of if not the first global eco-luxury hotel brand. "It’s a huge advantage that Lockton is equally committed to this effort. They understand green certification and how it often translates to reduced premium costs."
As further evidence of their commitment to Starwood’s growth, Lockton will soon install a Lockton associate at Starwood’s home office in Greenwich, Connecticut.
|
|