1、THE ATLANTIC PHILADELPHIA,PA$170M First Mortgage and Mezzanine LoanSTARWOOD PROPERTY TRUST 2018 ANNUAL REPORTOLD TOWN PARK,CHICAGO,IL(rendering)11 HOYT,BROOKLYN,NY(rendering)DUNE PORTFOLIOLAS VEGAS,NV1120 DENNY WAY,SEATTLE,WA(rendering)HOPE+FLOWER,LOS ANGELES,CA(rendering)THE BROWN PALACE HOTEL,DENV
2、ER,COONE BRAHAM,ALDGATE,LONDON(rendering)THE VINOY RENAISSANCE ST.PETERSBURG RESORT&GOLF CLUB,ST.PETERSBURG,FLGALLERIA OFFICENTRE,SOUTHFIELD,MICALISTOGA RANCH AN AUBERGE RESORT,CALISTOGA,CAMARATHON OIL TOWER,HOUSTON,TX1310 COURTHOUSE ROAD,ARLINGTON,VA(rendering)SAINT GABRIELS,BRIGHTON,MA(rendering)C
3、ITY PARK IN THE HEIGHTS,HOUSTON,TX200 STOVALL,ALEXANDRIA,VA(rendering)825 SOUTH HILL,LOS ANGELES,CA(rendering)ATLANTIS PARADISE ISLAND BAHAMAS NASSAU,THE BAHAMASStarwood Property Trust,Inc.591 West Putnam AvenueGreenwich,Connecticut 06830Dear Fellow Shareholders:It is hard to believe that 2018 was t
4、he 10thyear since our IPO.We started Starwood Property Trust to fill avoid in commercial real estate lending that existed after the financial crisis.We set out to build a sustainableenterprise not a collection of mortgage loans.We would like to thank our shareholders and partners,many ofwhom have be
5、en with us from the beginning,for trusting us as stewards of your capital as we have strategicallydiversified our company across the core competencies of our manager,Starwood Capital Group.STWD Primary Investment Cylinders2018 was another tremendous year for our company,highlighted by our$2.6 billio
6、n acquisition of theInfrastructure Lending business from GE.We are now more diversified than at any other point since our initialpublicoffering,witha$16billionbalancesheetandabroadopportunitysetinwhichtoinvest,matchedwithbestin class financing sources that allowed us to deploy a record$11.6 billion