Starwood Real Estate Income Trust, Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, updated its per share net asset values for its Class S, Class I, Class D and Class T shares of common stock as of February 29, 2020.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.72, which exceeded the previous month’s valuation of $21.64 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.55. Last month, Class T shares had a NAV per share of $21.48.
Class D shares have a net asset value per share of approximately $21.60. 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 $21.52.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.68. Last month, Class I shares had a NAV per share of $21.60.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
In other Starwood REIT news, last month the company purchased an 18-property affordable housing multifamily portfolio for $460.9 million excluding closing costs.
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 $615.6 million in investor equity as of the third quarter of 2019. The REIT’s real estate portfolio totals $792 million across 27 properties, and the company had $269.2 million invested in 87 positions in real estate-related securities, as of September 30, 2019.