Starwood REIT Declares Monthly NAV Per Share
Starwood Real Estate Income Trust, Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, updated its monthly net asset values per share for Class S, Class I, Class D and Class T shares of common stock as of February 28, 2021.
Starwood Real Estate Income Trust, Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, updated its monthly net asset values per share for Class S, Class I, Class D and Class T shares of common stock as of February 28, 2021.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.78, compared to the previous month’s valuation of $21.73 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.66. The previous month, Class T shares had a NAV per share of $21.60.
Class D shares have a net asset value per share of approximately $21.67. These shares are sold through fee-based programs known as wrap accounts as well as participating broker-dealers, certain registered investment advisers, and bank trust departments or other organizations. The previous month, Class D shares had a NAV per share of $21.62.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.73. The previous month, Class I shares had a NAV per share of $21.68.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
As of February 28, 2021, Starwood REIT had invested $5.2 billion in real estate and $720.2 million in real estate debt. Cash and cash equivalents totaled $47.9 million, restricted cash totaled $239.1 million, and other assets totaled $26 million. The REIT had nearly ($3.4 billion) in debt obligations. Secured financings on investments in real estate debt totaled ($248 million), subscriptions received in advance totaled ($186.6 million), and other liabilities equaled close to ($84.1 million). The REIT had 105.9 million shares outstanding, as of February 28, 2021.
As of January 31, 2021, the REIT had invested $5.06 billion in real estate and nearly $217.1 million in real estate-related securities. Cash and cash equivalents totaled $255.9 million, restricted cash totaled $168 million, and other assets totaled $23 million. The REIT had nearly ($3.4 billion) in debt obligations. Subscriptions received in advance totaled ($117.9 million) and other liabilities topped close to ($88 million). The REIT had 97.6 million shares outstanding, as of January 31, 2021.
Starwood Real Estate Income Trust Inc., which invests in stabilized real estate across the United States and Europe, broke escrow in December 2018 and raised $2.5 billion in investor equity as of mid-March 2021, as well as $66.9 million in distribution reinvestment proceeds.
