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Starwood REIT Reports Lower Aggregate Monthly NAV, Higher Per Share NAV

Business And Finance Concept Of A Bull Market Trend

Starwood Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Starwood Capital Group, has updated its estimated monthly net asset value per share for its classes of common stock as of Feb. 28, 2023.

As of Feb. 28, 2023, the REIT’s aggregate NAV was approximately $13.6 billion, compared to approximately $13.7 billion the previous month.

The company reports that the monthly NAV per share is based on the total NAV.

Class S shares, which are purchased through brokerage and transaction-based accounts, have an NAV per share of approximately $26.31, compared to $26.22 the previous month.

Class T shares, which are typically available through brokerage and transaction-based accounts, have an NAV per share of approximately $26.32. The previous month, Class T shares were valued at $26.23.

Class D shares have a net asset value per share of approximately $25.86, compared to $25.78 the previous month. 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.

Class I shares, which are sold to endowments, foundations, pension funds and other institutional investors, have an NAV per share of $26.12. The previous month, Class I shares had an NAV per share of $26.04.

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

The REIT had 517.2 million shares outstanding as of Feb. 28, 2023, compared to 524.8 million shares the previous month.

As The DI Wire previously reported, SREIT also limited investor repurchase requests again in January.

Starwood Real Estate Income Trust invests in stabilized real estate across the United States and Europe. Its initial $5 billion offering launched in December 2017 and raised approximately $3.9 billion from investors before closing in June 2021. The first follow-on offering, comprised of $10 billion in shares, launched immediately afterward and raised approximately $8 billion. The second follow-on offering, which is currently offering up to $18 billion in shares of common stock, launched in August 2022 and has raised approximately $516.6 million in the primary offering to-date.

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