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Starwood REIT Names President and Expands Board

The board of Starwood Real Estate Income Trust Inc., a publicly registered monthly NAV real estate investment trust, has appointed Sean Harris to serve as president of the company, effective immediately.

The board of Starwood Real Estate Income Trust Inc., a publicly registered monthly NAV real estate investment trust, has appointed Sean Harris to serve as president of the company, effective immediately. Harris previously served as the Starwood REIT’s senior vice president of acquisitions from October 2017 to January 2021.

John McCarthy Jr., who previously served as both the company’s chief executive officer and president, will continue to serve as CEO and a director.

Before his role as SVP of acquisitions, Harris served as an acquisitions associate and assistant to Barry Sternlicht, the chairman and CEO of Starwood Capital, from August 2016 to September 2017.

Prior to joining Starwood Capital in 2016, he served as a director of acquisitions and investment management at Monday Properties LLC, where he co-led acquisitions, investment management, and capital markets. Before joining Monday Properties as an associate in July 2010, Harris was employed by Ernst & Young LLC in the transaction real estate group.

Harris holds bachelor’s degrees in finance and accounting from East Carolina University and a Master of Accountancy degree from the Max M. Fisher College of Business at The Ohio State University.

The board also increased the number of directors by two and elected Peggy Lamb and Austin Nowlin as directors.

Nowlin also serves on the investment committees of Starwood REIT Advisors, the REIT’s external advisor, and Starwood Capital and Starwood Property Trust. Lamb serves as a managing director of Halstatt LLC, and as a principal in the Halstatt Real Estate Investment Funds’ upcoming Fund IV.

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 $1.9 billion in investor equity as of mid-December 2020, as well as $52.8 million in distribution reinvestment proceeds. As of the November 2020, the company’s investments in real estate totaled more than $4.7 billion and real estate-related securities totaled $218.8 million.

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