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Analysis

Starwood REIT Limits Investor Withdrawals After a Surge in Requests

Company held November redemptions to 63% as requests exceeded limit.

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

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