Starwood REIT Appoints New Chief Financial Officer and Treasurer
Starwood Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust, appointed Chris Lowthert to serve as chief financial officer and treasurer.
Starwood Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust, has appointed Chris Lowthert to serve as chief financial officer and treasurer, effective November 16, 2020, following the resignation of Dave Guiteau.
In a filing with the Securities and Exchange Commission, the company indicated that Guiteau’s resignation was not due to any disagreement with the company or its affiliates.
Lowthert previously served as the REIT’s CFO and treasurer from October 2017 to April 2019. He has also served as senior vice president and chief accounting officer of funds at Starwood Capital since January 2016, where he was responsible for all fund-level financial accounting and reporting.
Prior to joining Starwood Capital in 2016, Lowthert held various senior risk and financial roles with GE Capital Real Estate including asset quality and portfolio monitoring leader, controller of North America, CFO of global investment management, and CFO of U.S. equity.
Before joining GE Capital, Lowthert served as director of corporate audit at MassMutual Financial Group. He began his career at PricewaterhouseCoopers LLP where he was an audit manager in the firm’s financial services group in its New York office, focusing on public and private real estate clients.
Lowthert holds a bachelor’s degree in accounting from Saint Michael’s College and is certified public accountant.
In other company news, Starwood REIT recently purchased two affordable housing portfolios and one industrial portfolio for a combined $809 million.
Starwood Real Estate Income Trust broke escrow in December 2018 and raised $1.7 billion in investor equity as of mid-October 2020, as well as $44.5 million in distribution reinvestment proceeds. As of September 30, 2020, the REIT’s portfolio had a total asset value of $4.3 billion across 106 properties.
