Starwood REIT Declares Monthly Net Asset Value Per Share
Starwood Real Estate Income Trust Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, has updated its estimated monthly net asset value per share for its classes of common stock as of December 31, 2021.
Starwood Real Estate Income Trust Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, has updated its estimated monthly net asset value per share for its classes of common stock as of December 31, 2021.
Class S shares, which are purchased through brokerage and transaction-based accounts, have an NAV per share of approximately $26.09, compared to the previous month’s valuation of $25.76 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have an NAV per share of approximately $26.05. The previous month, Class T shares had an NAV per share of $25.71.
Class D shares have a net asset value per share of approximately $25.68, compared to $25.32. the previous month. 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.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have an NAV per share of $25.94. The previous month, Class I shares had an NAV per share of $25.65.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
Starwood REIT’s investments in real estate increased from $16.4 billion in November to $19.6 billion in December, while its real estate debt investments increased from $946.1 million to $954.1 million.
Cash and cash equivalents increased from $229.5 million to $271.9 million, month-over-month, restricted cash increased fro $518.9 million to $665.8 million, and other assets decreased from $549.7 million to $486.6 million.
The REIT’s debt obligations increased from ($9.25 billion) in November to ($11.33 billion) in December. Secured financings on investments in real estate debt increased from ($262 million) to ($268.2 million), subscriptions received in advance increased from ($423.7 million) to ($496.9 million), and other liabilities increased from ($414.3 million) to ($645.8 million).
The REIT had nearly 346 million shares outstanding as of December 31, 2021, compared to 312.2 million shares the previous month.
Starwood Real Estate Income Trust Inc., which invests in stabilized real estate across the United States and Europe, raised $3.9 billion in its initial public offering from December 2017 to June 2021.
The REIT’s $10 billion follow-on offering was declared effective in early June 2021 and has raised $4.5 billion, as of mid-January 2022. As of December 31, 2021, the REIT’s aggregate NAV was approximately $9 billion.
