Starwood REIT Exceeds Monthly Repurchase Requests as NAV Dips Slightly

Starwood Real Estate Income Trust, or SREIT, a publicly registered non-traded REIT sponsored by Starwood Capital Group, announced that its total net asset value was approximately $9.1 billion as of Feb. 28, 2025, a decrease of 0.82% from approximately $9.2 billion on Jan. 31.

The REIT also stated that in January and February, it met about 4% of each stockholder’s repurchase request. On Feb. 28, 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 0.33% monthly limitation by $14,128, as authorized by its board of directors.

As previously reported, SREIT lowered the capacity under its share repurchase plan beginning with May 2024 redemptions. It limited share repurchases to 0.33% of NAV per month (measured using the aggregate NAV attributable to stockholders as of the end of the immediately preceding month) and in July, 1% of NAV per quarter.

Its declared monthly NAV per share as of Feb. 28, 2025, was as follows:

Class S shares had a NAV per share of $21.66, compared to $21.82 per share the previous month, an approximate 0.73% decrease.

Class T shares had a NAV per share of $21.67, compared to $21.84 per share the previous month, an approximate 0.78% decrease.

Class D shares had a NAV per share of $21.23, compared to $21.40 per share the previous month, an approximate 0.79% decrease.

Class I shares had a NAV per share of $21.48 compared to $21.64 per share the previous month, an approximate 0.74% decrease.

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 March 17, Starwood REIT had issued and sold more than 49.5 million shares of its common stock in the primary offering for total proceeds of approximately $1.3 billion and nearly 20.3 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 421.3 million as of Feb. 28, compared to 421.5 million the previous month.

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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