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04/03/2000

Starwood Financial Increases Regular Quarterly Dividend to $0.60; 43% Increase Over First Quarter 1999

NEW YORK, April 3 /PRNewswire/ -- Starwood Financial Inc. (NYSE: SFI), the leading publicly-traded finance company focused exclusively on the commercial real estate industry, today announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.60 per share for the quarter ended March 31, 2000. The $0.60 dividend represents a 43% increase over Starwood Financial's first quarter 1999 dividend of $0.42 per share. The dividend is payable on April 28, 2000, to shareholders of record on April 14, 2000.

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. Additional information about Starwood Financial is available on the Internet at http://www.starwoodfinancial.com.

(Note: Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Starwood Financial Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from Starwood Financial Inc.'s expectations include completion of pending investments, continued availability to originate new investments, the availability and cost of capital for future investments, competition within the finance and real estate industries, economic conditions, and other risks detailed from time to time in Starwood Financial Inc.'s SEC reports.) SOURCE Starwood Financial Inc.

CONTACT: Spencer B. Haber, Executive Vice President and CFO of Starwood Financial, 212-930-9400; or Susan Brown, Corporate Communications, 415-391-4300, for Starwood Financial; or Media Inquiries - Adam Weiner, Eric Berman, or Sarah Zitter Milstein of Kekst and Company, 212-521-4800, for Starwood Financial/

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