Starwood Real Estate Income Trust Inc., a publicly registered non-traded real estate investment trust sponsored by Starwood Capital Group, has provided an update to its estimated monthly net asset value per share for its classes of common stock as of July 31, 2023.
As of July 31, 2023, the REIT’s NAV was approximately $12.1 billion, compared to approximately $12.2 billion the previous month.
Class S shares, which are purchased through brokerage and transaction-based accounts, have an NAV per share of approximately $25.04, compared to $25.06 the previous month.
Class T shares, which are typically available through brokerage and transaction-based accounts, have an NAV per share of approximately $25.05. The previous month, Class T shares were valued at $25.06.
Class D shares have a net asset value per share of approximately $24.61, compared to $24.62 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 $24.85. The previous month, Class I shares had an NAV per share of $24.87.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
The REIT had 486.1 million shares outstanding as of July 31, 2023, compared to 489.3 million shares the previous month.
As previously reported by The DI Wire, Starwood REIT has continued to receive significant redemption requests in excess of 2% per month.
Starwood Real Estate Income Trust invests in stabilized real estate across the United States and Europe. Since its launch in December 2017, the company has raised a total of $13.6 billion via multiple public offerings, as of June 30, 2023.