SREIT Meets 3% of Shareholder Redemption Requests, Secures $1.7B Freddie Mac Loan

Starwood Real Estate Income Trust capped share repurchases at its 1.5% quarterly limit in March after redemption requests exceeded available capacity, fulfilling 3% of each stockholder’s request on a pro rata basis and repurchasing approximately 1.9 million shares for $38.6 million.

The nontraded real estate investment trust, known as SREIT and sponsored by Starwood Capital Group, reported a total net asset value of nearly $8.06 billion as of March 31, 2026, a 0.76% decrease from February’s nearly $8.12 billion.

The transaction price for each share of common stock for subscriptions as of May 1, 2026 (and repurchases as of April 30) is:

Class S shares have a NAV per share of $19.82, compared to $19.92 per share the previous month, an approximate 0.5% decrease.

Class T shares have a NAV per share of $19.83, compared to $19.93 per share the previous month, an approximate 0.5% decrease.

Class D shares have a NAV per share of $19.40, compared to $19.50 per share the previous month, an approximate 0.51% decrease.

Class I shares have a NAV per share of $19.65, compared to $19.75 per share the previous month, an approximate 0.51% decrease.

SREIT also recently refinanced a portfolio of workforce and affordable housing assets, securing a $1.7 billion loan through Walker & Dunlop. The 10-year, fixed-rate note was originated by Freddie Mac. As of February 2026, 24% of SREIT’s 598-property global portfolio consists of affordable housing assets.

The financing covers 52 properties totaling 12,955 units across 10 states. The new Freddie Mac loan replaces a previous short-term CMBS facility that was significantly more sensitive to market shifts, according to the company.

When SREIT originally acquired the portfolio from Strata Equity Group in 2021 as part of a larger 62-asset deal, it secured a $2 billion two-year, interest-only CMBS loan. The transition to a 10-year Freddie Mac facility represents a shift toward a longer-term capital structure.

While the assets are distributed across the Sunbelt and Western United States, the concentration is highest in the Southeast: Georgia, North Carolina, and Tennessee.

SREIT is currently offering on a continuous basis up to $10 billion in shares of common stock, consisting of up to $9.5 billion in shares of its primary offering and up to $0.5 billion in shares pursuant to its distribution reinvestment plan. As of April 16, the company had issued and sold more than 50.8 million shares of its common stock in the primary offering for total proceeds of approximately $2.4 million and nearly 1.07 million shares of its common stock pursuant to its distribution reinvestment plan for a total value of approximately $21.2 million.

Starwood Real Estate Income Trust launched in December 2017 and invests in stabilized real estate across the United States and Europe.

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