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11/19/1999

Starwood Financial Declares Preferred Stock Dividends

STARWOOD FINANCIAL DECLARES PREFERRED STOCK DIVIDENDS

NEW YORK - November 19, 1999 - Starwood Financial Inc. (NYSE: SFI), reported today that the company's Board of Directors has declared dividends on Starwood Financial's Series B, Series C, and Series D preferred stock.

For all three series of preferred stock, dividends are payable on December 15, 1999, to holders of record on November 30, 1999.

A dividend of $0.5859375 per share will be paid on the 9.375% Series B preferred stock; a dividend of $0.575 per share will be paid on the 9.20% Series C preferred stock; and a dividend of $0.50 per share will be paid on the 8.00% Series D preferred stock.

Starwood Financial Inc. is the leading publicly-traded finance company focused exclusively on the commercial real estate industry. The company's mission is to maximize risk-adjusted returns on equity by providing innovative and value-added financing solutions to the 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.

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

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