Starwood Property Trust completed the acquisition Fundamental Income Properties for $2.2bn.

Starwood Property Trust, a diversified finance company, completed the acquisition of Fundamental Income Properties, a fully integrated net lease real estate operating platform, for $2.2bn. "We are pleased to announce the completion of our acquisition of Fundamental which should provide a stable, reliable, and growing cash flow stream for our shareholders. With the addition of another business cylinder, we are expanding into a proven, scalable segment that aligns closely with our platform and leverages our existing strengths," Barry Sternlicht, Starwood Property Trust Chairman and CEO.