Starwood Property Trust, Inc. Announces Exercise of Underwriters' Option to Purchase...

Starwood Property Trust, Inc. Announces Exercise of Underwriters' Option to
Purchase Additional Shares

GREENWICH, Conn., Aug. 17 /PRNewswire-FirstCall/ -- Starwood Property Trust,
Inc. (NYSE: STWD), a newly formed company focused on originating, investing
in, financing and managing commercial mortgage loans and other commercial real
estate-related debt investments, announced today the full exercise of the
underwriters' over-allotment option and the purchase of an additional
6,075,000 shares of the Company's common stock at the initial public offering
("IPO") price of $20 per share. The over-allotment option was granted in
connection with the Company's IPO of 40,500,000 shares, which priced on August
11, 2009.

Total gross proceeds from both the public offering and the simultaneous
private placement were $951.5 million, of which $931.5 million was from the
public offering of common stock, and $20 million from a private placement
investment by SPT Investment, LLC, an affiliate of Starwood Capital Group.
Starwood Capital, a privately held investment firm founded and controlled by
Barry Sternlicht, has invested $6.8 billion of equity in most major sectors of
real estate across the capital structure, representing approximately $20.2
billion in assets since inception, as of March 31, 2009.

Starwood Property Trust, Inc. intends to use the net proceeds from the
offering to originate, finance and invest in commercial mortgage loans and
other commercial real estate-related debt investments.

BofA Merrill Lynch, Deutsche Bank Securities and Citi are the joint
book-running managers for the offering. Barclays Capital, Wells Fargo
Securities, Calyon Securities (USA) Inc., Cantor Fitzgerald & Co., Piper
Jaffray and Scotia Capital are acting as co-managers.
A registration statement relating to these securities was declared effective
by the U.S. Securities and Exchange Commission. Copies of the prospectus
related to the offering may be obtained by contacting BofA Merrill Lynch,
Attention: Prospectus Department, 4 World Financial Center, New York, New York
10080, or by calling 1-212-449-1000; Deutsche Bank Securities, Attention:
Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, or by
calling 1-800-503-4611; or Citi, Attention: Prospectus Department, Brooklyn
Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, or by
calling 1-800-831-9146.
This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or jurisdiction.

About Starwood Property Trust, Inc.

Starwood Property Trust, Inc. is a newly formed company that is focused
primarily on originating, investing in, financing and managing commercial
mortgage loans and other commercial real estate-related debt investments.
Starwood Property Trust, Inc. will be externally managed and advised by SPT
Management, LLC, an affiliate of Starwood Capital Group and intends to elect
to be taxed as a real estate investment trust (REIT) for U.S. federal income
tax purposes.

SOURCE Starwood Property Trust, Inc.

Tom Johnson, Abernathy MacGregor Group, +1-212-371-5999