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Starwood Real Estate Income Trust

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 29, 2020

 

 

STARWOOD REAL ESTATE INCOME TRUST, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

 

 

 

 

 

Maryland

 

000-56046

 

82-2023409

(State or other jurisdiction
of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer
Identification No.)

1601 Washington Avenue Suite 800 Miami Beach, FL 33139

(Address of principal executive offices, including zip code)

(305) 695-5500

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 

Written communications pursuant to Rule 425 under the Securities Act

 

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act: None

 

 

 

 

 

 

Title of each class

 

Trading Symbol(s)

 

Name of each exchange
on which registered

 

 

 

 

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 


 

Item 8.01.

Other Events.

 

April 2020 Rent Collections Update

As of April 27, 2020, Starwood Real Estate Income Trust, Inc. (the “Company”) has collected 95% of rent across all asset classes vs. 97% for the prior month at the same time. Listed below, along with the percentage each asset class comprises of the Company’s investments in real properties, is a breakdown of current rent collection:

 

 

Multifamily (44%) is 94% collected vs. 97% the prior month at the same time

 

Office (34%) is 95% collected vs. 97% prior month at the same time

 

Industrial (9%) is 97% collected vs. 97% prior month at the same time

 

Hotel (7%) occupancies declined from month-end March at 45% to 19% currently

 

Medical Office (6%) is 93% collected vs. 95% prior month at the same time

 

April 2020 Distributions

On April 29, 2020, the Company declared distributions for each class of its common stock in the amount per share set forth below:

 

 

Gross Distribution

 

 

Stockholder

Servicing Fee

 

Net Distribution

 

Class I Common Stock

 

$

0.1035

 

 

($

0.0000)

 

$

0.1035

 

Class D Common Stock

 

$

0.1035

 

 

($

0.0043)

 

$

0.0992

 

Class T Common Stock

 

$

0.1035

 

 

($

0.0147)

 

$

0.0888

 

Class S Common Stock

 

$

0.1035

 

 

($

0.0148)

 

$

0.0887

 

 

The net distributions for each class of common stock (which represents the gross distributions less stockholder servicing fees for the applicable class of common stock) are payable to stockholders of record as of the close of business on April 30, 2020 and will be paid on or about May 5, 2020. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.

 

 

 

 

 


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

 

STARWOOD REAL ESTATE INCOME TRUST, INC.

 

 

 

 

Date: April 29, 2020

 

 

 

By:

 

/s/ Matthew Guttin

 

 

 

 

 

 

Matthew Guttin

 

 

 

 

 

 

Chief Compliance Officer and Secretary