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 October 31, 2020.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.38, compared to the previous month’s valuation of $21.39 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.24. Last month, Class T shares had a NAV per share of $21.25.
Class D shares have a net asset value per share of approximately $21.27. 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. Last month, Class D shares had a NAV per share of $21.28.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.32. Last month, Class I shares had a NAV per share of $21.33.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
Investments in real properties totaled $4.7 billion in October 2020 compared to nearly $3.9 billion the previous month. Investments in real estate-related securities decreased from $228.5 million in September 2020 to $219.1 million in October. Cash and cash equivalents decreased from $132.3 million to $35.6 million month-over-month. Restricted cash remained relative flat at $126.2 million in September and $125 million in October. Other assets decreased from $48.6 million to $26.6 million month-over-month.
Debt obligations increased from nearly ($2.6 million) in September to ($3.3 billion) in October. Other liabilities increased from ($71.5 million) to ($102.9 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 $1.8 billion in investor equity as of mid-November 2020, as well as $48.5 million in distribution reinvestment proceeds. As of the October 2020, the company’s investments in real estate totaled nearly $4.7 billion and real estate-related securities totaled $219.1 million.