Starwood has become the second nontraded real estate investment trust to limit investor withdrawals after a surge in November requests exceeded monthly limits.

In a letter to its investors that was forwarded to Barron’s, the $15B Starwood Real Estate Income Trust, also known as SREIT, said it fulfilled 63% of investor redemption requests in November after the repurchase requests exceeded a 2% limit, reaching 3.2% of net asset value (VAV).

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Jack Rogers

 

GlobeSt

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