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Starwood REIT Meets 4% of Each Stockholder’s Redemption Request in June; Total Monthly NAV Declines

Starwood REIT Meets 4 of Each Stockholders Redemption Request in June Total Monthly NAV Declines Starwood Real Estate Income Trust real estate investment trust REIT alternative investments NAV net asset value redemptions share repurchase plan SREIT

The total net asset value for Starwood Real Estate Income Trust Inc. declined in June 2024 by nearly 1.2% month-over-month, from approximately $9.69 billion on May 31, 2024, to approximately $9.58 billion. Also in June, the real estate investment trust met 4% of each stockholder’s repurchase request.

Starwood REIT, or SREIT, is a publicly registered non-traded REIT sponsored by Starwood Capital Group.

As previously reported, SREIT lowered the capacity under its share repurchase plan beginning with May 2024 redemptions. It limited share repurchases to 0.33% of NAV per month (measured using the aggregate NAV attributable to stockholders as of the end of the immediately preceding month). As such, approximately 3% of each stockholder’s May repurchase request was satisfied, followed by June’s 4%.

Beginning July 2024, SREIT further limited share repurchases to 1% of NAV per quarter, which will affect July redemptions.

Its declared monthly NAV per share as of June 30, 2024, was as follows:

Class S shares had a NAV per share of $22.67, compared to $22.94 per share the previous month, an approximate 1.2% decrease.

Class T shares had a NAV per share of $22.69, compared to $22.95 per share the previous month, an approximate 1.1% decrease.

Class D shares had a NAV per share of $22.24, compared to $22.50 per share the previous month, an approximate 1.2% decrease.

Class I shares had a NAV per share of $22.49 compared to $22.75 per share the previous month, an approximate 1.1% decrease.

Starwood REIT is currently offering on a continuous basis up to $18 billion in shares of common stock, consisting of up to $16 billion in shares of its primary offering and up to $2 billion in shares pursuant to its distribution reinvestment plan. As of July 17, 2024, Starwood REIT had issued and sold nearly 48.5 million shares of its common stock in the primary offering for total proceeds of approximately $1.3 billion, and approximately 15.7 million shares of its common stock pursuant to its distribution reinvestment plan for a total value of approximately $0.4 billion.

The number of shares outstanding totaled about 424.6 million as of June 30, compared to 424.8 million the previous month.

Starwood Real Estate Income Trust launched in December 2017 and invests in stabilized real estate across the United States and Europe.

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