other_material
confidence high
sentiment positive
materiality 0.65
Starwood Credit REIT secures $200M capital commitment from CalSTRS in Class I shares
Starwood Credit Real Estate Income Trust
- CalSTRS agreed to purchase up to $200M of Class I shares from Starwood Credit REIT by July 2027.
- Price per share equals the Trust's most recently determined NAV per Class I share.
- CalSTRS must hold shares until NAV reaches $1.5B or July 2029 before it may request repurchases.
- Trust amended its Declaration of Trust to designate CalSTRS as an excepted holder from ownership limits.
- Commitment may be drawn via capital calls with at least 10 business days notice.
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