other material
confidence high
sentiment positive
materiality 0.60
Starwood Credit REIT raises $38.6M in private placement, enters advisory agreement with affiliate
Starwood Credit Real Estate Income Trust
- Sold 354,800 shares for $7.1M on Dec 1, 2023 at $20/share across Class S, I, E.
- Issued 1,575,000 Class E shares to affiliate Starwood RE Income Holdings for $31.5M as part of $150M commitment.
- Entered Advisory Agreement with Starwood Credit Advisors effective Dec 1, 2023 for investment management.
- Adopted Amended and Restated Declaration of Trust and Bylaws effective Dec 1, 2023.