Exhibit 99.3 N E W S B U L L E T I N RE: STARWOOD FINANCIAL 1114 AVENUE OF THE AMERICAS FROM: 27TH FLOOR NEW YORK, NY 10036 THE FINANCIAL RELATIONS BOARD TRADED NYSE: SFI - ----------------------------- B S M G W O R L D W I D E AT STARWOOD FINANCIAL: INVESTOR INQUIRIES: Spencer B. Haber Pamela King Executive Vice President-Finance and CFO The Financial Relations Board (212) 930-9400 (212) 661-8030 MEDIA INQUIRIES: Eric Berman, Adam Weiner or Sarah Zitter Milstein Kekst and Company (212) 521-4800 - ------------------------------------------------------------------------------------------------- FOR IMMEDIATE RELEASE NOVEMBER 4, 1999 STARWOOD FINANCIAL AND TRINET COMPLETE MERGER NEW YORK - NOVEMBER 4, 1999 - Starwood Financial Inc. (NYSE: SFI) announced today that the merger of TriNet Corporate Realty Trust, Inc. with a subsidiary of Starwood Financial has been completed, creating the largest publicly-traded finance company focused exclusively on the commerical real estate industry. Starwood Financial, which was formerly known as Starwood Financial Trust and was externally advised, also stated that it is now a self-advised company. Beginning today, Starwood Financial will trade on the New York Stock Exchange under the symbol "SFI." Previously, Starwood Financial traded under the symbol (ASE: APT) and TriNet Corporate Realty traded under the symbol (NYSE: TRI). Starwood Financial Inc. is the largest publicly-traded finance company focused exclusively on the commercial real estate industry. The company's misssion 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. ###