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 January 31, 2021.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.73, compared to the previous month’s valuation of $21.71 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.60. The previous month, Class T shares had a NAV per share of $21.57.
Class D shares have a net asset value per share of approximately $21.62. 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 $21.61.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.68. The previous month, Class I shares had a NAV per share of $21.66.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
Investments in real properties remained flat at approximately $5.06 billion month-over-month. Investments in real estate-related securities decreased slightly from $218.2 million in December 2020 to nearly $217.1 million in January 2021.
Cash and cash equivalents increased from $128.7 million to $255.9 million month-over-month. Restricted cash increased slightly from $164.8 million in December to $168 million in January. Other assets increased from $21.7 million $23 million month-over-month.
Debt obligations remained flat at ($3.8 billion) in December and January, while other liabilities increased from ($77.5 million) to nearly ($88 million) month-over-month.
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 $2.2 billion in investor equity as of mid-February 2021, as well as $61.9 million in distribution reinvestment proceeds.