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F. Scott Ball Named Chief Operating Officer of Starwood Retail Properties

September 4, 2012

CHICAGO – September 4, 2012 – Starwood Retail Properties (“SRP”), the newly created retail platform that will oversee the management of all investments by Starwood Capital Group and its affiliates in retail real estate, today announced it has hired F. Scott Ball as Chief Operating Officer. Mr. Ball, who brings more than 25 years of experience in the commercial real estate industry, will be responsible for the day-to-day oversight of SRP and report directly to SRP Chief Executive Officer Scott Wolstein.

“The hiring of Scott Ball is reflective of our commitment to build a top-notch team that will oversee a portfolio that we intend to expand over time,” Mr. Wolstein said. “Scott has spent his entire career working in mall management or development and built a stellar reputation for overseeing the growth of retail portfolios of all sizes while managing a wide range of activities, making him the perfect executive to step into this role.”

“We are very excited to welcome Scott to the Starwood Retail Properties team,” said Barry Sternlicht, chairman and CEO of Starwood Capital Group. “Scott’s experience and deep retail relationships built over his 28-year career in retail will surely serve our current and future investing partners very well.”

Mr. Ball served most recently Senior Vice President, Retail at Oxford Properties Group where he led the team responsible for overseeing Oxford’s 9.5 million square foot Canadian retail portfolio, including all asset management, operations and leasing activities. Prior to that, Mr. Ball also served as an Executive Vice President at The Mills and spent more than 20 years with The Rouse Company.

Deb Barbanel, the Global Head of Real Estate for Russell Reynolds Associates, led the initiative on behalf of Starwood Retail Properties.

Starwood Retail Properties was formed by Starwood Capital Group, a leading private global investment firm, following the acquisition earlier this year of a majority interest in seven U.S. shopping centers.