As GlobeSt.com recently reported, Starwood formed a newsubsidiary that will be looking to invest infrastructureimprovements, but a source close to Starwood tellsGlobeSt.com that the two have separate focuses. The subsidiary willinvest and manage investments in public real estate infrastructurebonds, and the Fund targets generation and transmission assets inNorth America.

The Fund has already committed more than $250 million of equityto specific projects exceeding $1 billion in cost. The Fundattracted commitments from various investors, including endowmentsand foundations, pension plans, banks, insurance companies and highnet worth individuals, which the source says is due to acombination of this sector "gaining a great deal of interest," andof Starwood Capital resources standing behind it.

Barry Sternlicht, chairman and CEO of locally based StarwoodCapital, says in a prepared statement that "the Fund is the resultof a focused business strategy that we have been pursuing in theextremely vibrant North American power generation and transmissionsector for several years. Our investors have responded to thestrategy, to the potential to earn very attractive risk adjustedreturns, to our experienced team, and to Starwood Capital's strong16-year investment track record as a firm."

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.