SREIT Meets 4% of Each Stockholder’s Repurchase Request, Following Limitation Updates
Starwood REIT, or SREIT, a publicly registered non-traded REIT sponsored by Starwood Capital Group, announced that its total net asset value was approximately $8.79 billion as of June 30, 2025, a decrease of 0.23% from approximately $8.81 billion on May 31.
The REIT also stated that in June 2025, it received repurchase requests in excess of its updated 0.5% monthly and 1.16% quarterly limits. As per the terms of its plan, the company honored all repurchase requests for the month on a pro rata basis up to the limitations. Thus, approximately 4% of each stockholder’s June repurchase request was satisfied.
On June 30, however, in accordance with its repurchase plan, the firm repurchased all shares from stockholders who held less than $500 in shares of its common stock and, therefore, exceeded its 1.16% quarterly limitation by $5,129, as authorized by its board.
Based on its prior monthly limit of 0.33%, the company satisfied 3% of each stockholder’s April and May requests.
The transaction price for each share of common stock for subscriptions as of Aug. 1 was:
Class S shares had a NAV per share of $21.10, the same as the previous month.
Class T shares had a NAV per share of $21.12, compared to $21.11 per share the previous month, an approximate 0.05% decrease.
Class D shares had a NAV per share of $20.67, compared to $20.68 per share the previous month, an approximate 0.05% decrease.
Class I shares had a NAV per share of $20.92, the same as the previous month.
Starwood REIT is currently offering on a continuous basis up to $18 billion in shares of common stock, consisting of up to $16 billion in shares of its primary offering and up to $2 billion in shares pursuant to its distribution reinvestment plan. As of July 17, Starwood REIT had issued and sold more than 50.4 million shares of its common stock in the primary offering for total proceeds of approximately $1.3 billion and nearly 22.6 million shares of its common stock pursuant to its distribution reinvestment plan for a total value of approximately $0.5 billion.
The number of shares outstanding totaled about 419.1 million as of June 30, compared to nearly 420 million the previous month.
In a recent filing, the REIT reflected on the impact of President’s Trump One Big Beautiful Impact, citing the permanent extension of the 20% deduction for qualified REIT dividends for individuals and other non-corporate taxpayers as well as the permanent extension of the limitation on non-corporate taxpayers using “excess business losses” to offset other income. It also increased the percentage limit under the REIT asset test applicable to taxable REIT subsidiaries from 20% to 25% for taxable years beginning after Dec. 31, 2025. As a result, for future taxable years, the aggregate value of all securities of taxable REIT subsidiaries held by a REIT may not exceed 25% of the value of its gross assets.
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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