By Paul Norman
CoStar News

Summary: Starwood Capital has restricted redemptions from its $10 billion Starwood Real Estate Income Trust (SREIT) to preserve liquidity amid a surge of investor exit requests. Starting in June, redemptions will be limited to 0.33% of net assets per month, down from the previous 2%, for six to twelve months. This measure aims to avoid forced property sales in a recovering market. The SREIT portfolio includes Arizona apartments, Norwegian logistics centers, and a large loan to Blackstone. The fund has faced significant redemption pressures, drawing over $1.3 billion from its credit facility. The new limits aim to maintain quarterly redemptions around $100 million.

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