Starwood Real Estate Income Trust, Inc, a perpetual-life monthly NAV REIT sponsored by private investment firm Starwood Capital Group, updated its monthly net asset values per share for Class S, Class I, Class D and Class T shares of common stock as of November 30, 2020.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.40, compared to the previous month’s valuation of $21.38 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.26. Last month, Class T shares had a NAV per share of $21.24.
Class D shares have a net asset value per share of approximately $21.30. 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. Last month, Class D shares had a NAV per share of $21.27.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.35. Last month, Class I shares had a NAV per share of $21.32.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
Investments in real properties totaled $4.74 billion in November 2020 compared to roughly $4.71 billion the previous month. Investments in real estate-related securities decreased from $219.1 million in October to $218.8 million in November.
Cash and cash equivalents increased from $35.6 million to $91.4 million month-over-month. Restricted cash remained increased from $125 million in October to $172.2 million in November. Other assets increased from $26.6 million to $33 million month-over-month.
Debt obligations remained flat at approximately ($3.2 billion). Other liabilities decreased from ($102.9 million) to ($83.7 million) month-over-month.
The REIT collected 96 percent of November rents.
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.