Home News Starwood REIT Posts Monthly NAV Per Share, Discloses “Robust” Acquisition Pipeline

Starwood REIT Posts Monthly NAV Per Share, Discloses “Robust” Acquisition Pipeline

Starwood Real Estate Income Trust has updated its monthly net asset values per share as of April 30, 2021.

Starwood Real Estate Income Trust, Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, has updated its monthly net asset value per share for its classes of common stock as of April 30, 2021.

In a filing with the Securities and Exchange Commission, the company also disclosed that it currently has seven transactions totaling $2.4 billion under exclusivity. “We continue to have a robust acquisitions pipeline, which is 97 percent comprised of industrial and multifamily investments, our most preferred asset types today,” the REIT stated.

Class S shares, which are purchased through brokerage and transaction-based accounts, have an NAV per share of approximately $22.02, compared to the previous month’s valuation of $21.93 per share.

Class T shares, which are typically available through brokerage and transaction-based accounts, have an NAV per share of approximately $21.91. The previous month, Class T shares had an NAV per share of $21.81.

Class D shares have a net asset value per share of approximately $21.91. 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. The previous month, Class D shares had an NAV per share of $21.81.

Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have an NAV per share of $21.97. The previous month, Class I shares had an NAV per share of $21.87.

Shares were initially priced at $20.00 each plus applicable selling commissions and fees.

As of April 30, 2021, Starwood REIT’s real estate investments totaled nearly $5.82 billion while real estate debt totaled $688 million. Cash and cash equivalents totaled $359 million, restricted cash totaled $407 million, and other assets totaled $61.2 million. The REIT had close to ($3.7 billion) in debt obligations. Secured financings on investments in real estate debt totaled ($138.5 million), subscriptions received in advance totaled ($344.2 million), and other liabilities equaled ($104.7 million). The REIT had 137 million shares outstanding, as of April 30, 2021.

The previous month, Starwood REIT’s real estate investments totaled nearly $5.22 billion while real estate debt totaled roughly $704.4 million. Cash and cash equivalents totaled $199.1 million, restricted cash totaled $284.9 million, and other assets totaled $41.7 million. The REIT had ($3.3 billion) in debt obligations. Secured financings on investments in real estate debt totaled ($138 million), subscriptions received in advance totaled ($231.2 million), and other liabilities equaled ($84.7 million). The REIT had 120.3 million shares outstanding, as of March 31, 2021.

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 $3.3 billion in investor equity as of mid-May 2021, as well as $78.1 million in distribution reinvestment proceeds.

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