Starwood Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Starwood Capital Group, reported that the company received repurchase requests equal to 3.6% of their aggregate monthly NAV and honored all repurchase requests for July 2023 on a pro-rata basis up to the 2% monthly limitation. As such, 55.3% of each stockholder’s share repurchase requests were satisfied in July 2023.
The company redeemed 32.9% of each stockholder’s repurchase requests in June 2023.
Starwood also reported that, from July 1, 2023 through August 14, 2023, the REIT raised an aggregate of $100 million in its third public offering and repurchased $400 million of common stock pursuant to its share repurchase plan.
Redemption requests for Starwood REIT stock have consistently exceeded monthly limits since November 2022.
Starwood Real Estate Income Trust invests in stabilized real estate across the United States and Europe. Since its launch in December 2017, the company has raised a total of $13.6 billion via multiple public offerings, as of June 30, 2023.