Miami Beach is the new headquarters location for Starwood Capital, one of the nation’s largest REITs.
The company recently updated its website, showing Miami as the location for its headquarters office, according to the Greenwich Time.
Starwood has $55 billion under management, with 3,800 employees in 11 offices worldwide. It was the third largest REIT in Connecticut.
CEO Barry Sternlicht also recently relocated his personal residence to Miami Beach. He has been critical of the high taxes in Connecticut.