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 September 30, 2020.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.39, compared to the previous month’s valuation of $21.36 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.25. Last month, Class T shares had a NAV per share of $21.22.
Class D shares have a net asset value per share of approximately $21.28. 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 $21.25.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.33. Last month, Class I shares had a NAV per share of $21.31.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
The REIT noted that rent collections remain strong with 97 percent collected in September 2020. The company also indicated that it has approximately $832 million of multifamily and industrial acquisitions under exclusivity with investment committee approval.
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 $1.7 billion in investor equity as of mid-October 2020, as well as $44.5 million in distribution reinvestment proceeds. As of the third quarter of 2020, the company’s investments in real estate totaled nearly $3.9 billion and real estate-related securities totaled $228.5 million.