Corus Bankshares Inc. (fka CORSQ)

[hang ten]

Mikie

Ok, since 2000 CBI has sold assets to at least 3 entities:
2000 - Cole Taylor Bank bot 'Corus Asset Management'
2009 - MB financial got the deposits of CBi..
2009 - Starwood Financial, a PRIVATE CO.. got the real estate loan assets

http://www.starwoodcapital.com/Overview.aspx

Starwood Capital Group is a privately held global investment firm owned by its more than 40 partners. Founded in 1991 in the depth of the RTC real estate crisis, Starwood has completed over 400 transactions representing assets of approximately $26 billion as of September 30, 2010. We have created three public companies which have gone on to acquire an additional $20 billion in assets, and our assets under management are approximately $16 billion. We have over 150 professionals located across ten offices in seven countries including our global headquarters in Greenwich, San Francisco, Washington, D.C., Atlanta, London, Paris, Luxembourg, Mumbai, Tokyo and Sao Paulo.

Over the past 20 years, Starwood Capital has raised over $10 billion of equity and sponsored eleven co-mingled opportunistic funds including two dedicated debt funds, two dedicated hotel funds and several standalone and co-investment partnerships on behalf of the world’s leading institutional and high net worth investors. We have invested in almost every asset class – including multifamily, office, retail, hotel, industrial, residential and commercial land, senior housing, mixed-use and golf, and in all levels of the capital structure – including equity, preferred equity, mezzanine debt and senior debt, depending on the risk-reward profile.

While Starwood Capital’s roots are in the real estate markets, our investment discipline applies across all asset classes. In August 2009, we created Starwood Property Trust, Inc. (NYSE: STWD), a publicly traded real estate finance company that focuses on originating and investing in commercial mortgage loans and other commercial real estate-related debt investments. With an initial market capitalization of $950 million, STWD was, at the time of its IPO, the largest blind pool company ever created and traded on the NYSE. STWD is externally managed by an entity that is 100% owned by Starwood Capital Group. Starwood Capital also sponsors Starwood Energy Group, a dedicated energy fund that invests in transmission, natural gas, wind and solar power generation facilities throughout North America, and Starwood Real Estate Securities, a long/short hedge fund that invests in global public real estate securities. Finally, Starwood Capital created and sponsors SH Group, a hotel management company which owns the environmentally-focused 1 Hotels & Resorts brand and holds the Baccarat hotel license, as well as other potential future hotel brands.

At Starwood we have consistently generated attractive risk-adjusted returns through several real estate cycles and we have demonstrated our investing discipline. When the markets became overheated in 2006-2008 and risk-reward moved largely out of balance as returns moved to back-loaded, residual-only investments, we significantly decreased our acquisition activity. Our philosophy has always been the same: treat investor capital as our own and invest in every transaction we source. We align our interests with those of our investors. We have never taken acquisition, transaction or financing fees, and we return investor capital before participating in the upside. We also perform nearly every major function of real estate in-house to enhance accountability for our results.

Of course Starwood is massive, not suggesting that they would rm into cbi, lol.. They could however form another listed subsidiary.

Then there's Michael Dulberg who was Corus' chief accounting officer for a good while(!), interim CFO for Corus Bankshares for a while also. Here's Michael' public profile at Linkedin.. Currently he's Chief Accounting Officer at Starwood Residential.
http://www.linkedin.com/pub/michael-dulberg/11/1b7/342
http://stresidential.com/