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 December 31, 2020.
Class S shares, which are purchased through brokerage and transaction-based accounts, have a NAV per share of approximately $21.71, compared to the previous month’s valuation of $21.40 per share.
Class T shares, which are typically available through brokerage and transaction-based accounts, have a NAV per share of approximately $21.57. The previous month, Class T shares had a NAV per share of $21.26.
Class D shares have a net asset value per share of approximately $21.61. 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 a NAV per share of $21.30.
Class I shares, which are customarily sold to endowments, foundations, pension funds and other institutional investors, have a NAV per share of $21.66. The previous month, Class I shares had a NAV per share of $21.35.
Shares were initially priced at $20.00 each plus applicable selling commissions and fees.
Investments in real properties totaled $5.06 billion in December 2020 compared to roughly $4.74 billion the previous month. Investments in real estate-related securities remained flat at $218 million month-over-month.
Cash and cash equivalents increased from $91.4 million to $128.7 million month-over-month. Restricted cash decreased slightly from $172.2 million in November to $164.8 million in December. Other assets decreased from $33 million to $21.7 million month-over-month.
Debt obligations increased from approximately ($3.2 billion) to nearly ($3.4 billion). Other liabilities decreased from ($83.7 million) to ($77.5 million) month-over-month.
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 $2 billion in investor equity as of December 2020, as well as $52.8 million in distribution reinvestment proceeds. As of the December 2020, the company’s investments in real estate totaled $5.06 billion and real estate-related securities totaled $218 million.