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 June 30, 2020.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.34, compared to the previous month’s valuation of $21.27 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.20. Last month, Class T shares had a NAV per share of $21.14.
Class D shares have a net asset value per share of approximately $21.24. 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 $21.17.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.29. Last month, Class I shares had a NAV per share of $21.23.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
The REIT indicated that rent collection data across the portfolio continues to demonstrate no significant impact during the COVID-19 pandemic to date. Through June, the company collected 97 percent of its rent across all asset classes, which is consistent with pre-pandemic levels. Office continues to be its strongest performing asset from a rent collection standpoint, where the company is currently collecting 99 percent of its rents.
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 $1.5 billion in investor equity as of June 2020 and $33.7 million in distribution reinvestment proceeds. As of March 31, 2020, the company owned 93 investments in real estate ($3.5 billion) and had 84 positions in real estate-related securities ($280.8 million).