GREENWICH, CT-As Vornado Realty Trust’s second-quarter results were bolstered in part by the REIT’s sale of its share of special servicer LNR Property LLC, so Starwood Property Trust‘s Q2 financials gained from its share of LNR ownership. Core earnings for the quarter rose to $69 million, compared to $50 million a year earlier.

“The combination of our operating and origination platform with LNR’s businesses resulted in excellent results for the quarter,” says Barry Sternlicht, chairman and CEO of the Greenwich, CT-based REIT. “With the accretive deployment of over $3 billion of capital since the start of the year, we believe that we are very well positioned to continue to outperform as we made substantial progress in all of our business lines in the quarter.” Starwood Property Trust and Starwood Capital Group paid a total of $1.05 billion to acquire LNR’s businesses; the deal closed in late April.

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