Starwood Capital Group seeks compensation in federal eviction moratorium lawsuit
What happened
Starwood Capital Group is seeking compensation related to a federal eviction moratorium lawsuit. The suit involves a five-year court battle between corporate landlords and the federal government over the national eviction moratorium imposed during the COVID-19 pandemic. Starwood Capital Group is a chief litigant, representing large institutional real estate investors in the class action suit.
From prospect.org
Why it matters
The lawsuit is part of a larger effort by nearly a thousand landlords to secure compensation for lost income during the moratorium. While initial claims sought $26 billion, the final settlement is expected to fall between $2 billion and $3 billion, which would rank among the largest payouts of its kind.
From prospect.org
Who's involved
- Starwood Capital GroupChief litigant seeking compensation from the federal government regarding the eviction moratorium.
- Federal Housing Finance AgencyCounterparty in the class action suit from which compensation is being sought.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Starwood Capital GroupSpeculative
Starwood Capital Group could see increased revenue from a potential multibillion-dollar payout from the federal government.
- Federal Housing Finance AgencySpeculative
The Federal Housing Finance Agency might face increased costs related to a major financial settlement in the class action suit.
Keep exploring
The entities involved
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Starwood Capital Group
American private equity and investment firm
Nothing else this week.
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Federal Housing Finance Agency
U.S. federal agency