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02/16/2000

Starwood Financial Declares Preferred Stock Dividends

NEW YORK, Feb. 16 /PRNewswire/ -- 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 March 15, 2000, to holders of record on February 29, 2000.

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 is the leading publicly traded finance company focused 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 financing solutions to the real estate industry.

SOURCE Starwood Financial Inc.

CONTACT: Spencer Haber, Exec. Vice President and CFO, 212-930-9400, or Elizabeth Drucker, Vice President, Corp. Communications, 415-391-4300, both of Starwood Financial Inc.; or Adam Weiner of Kekst and Company, 212-521-4800, for Starwood Financial Inc./

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