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10/01/1999

Starwood Financial Announces Increase In Regular Quarterly Dividend

NEW YORK – October 1, 1999 – Starwood Financial Trust (ASE: APT), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that its Board of Trustees has declared a regular quarterly cash dividend of $0.44 per Class A Share for the quarter ended September 30, 1999. This dividend represents a 15.8% increase from the dividend paid for the third quarter of 1998. The dividend is payable October 29, 1999, to shareholders of record on October 15, 1999.

Starwood Financial is the leading publicly-traded finance company focused exclusively on the commercial real estate industry. The company, which is taxed as a real estate investment trust, provides structured mortgage, mezzanine and lease financing through its proprietary origination, acquisition and servicing platform. The company’s mission is to maximize risk-adjusted returns on equity by providing innovative and value-added structured financing solutions to the real estate industry.

For more information on Starwood Financial Trust, via fax at no charge, please call 1-800-PRO-INFO and enter ticker symbol APT.

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