---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-332741"
form_type: "8-K"
ticker: "SWDR"
cik: "0001711929"
company_name: "Starwood Real Estate Income Trust, Inc."
filed_at: "2026-08-04T20:03:13+00:00"
generated_at: "2026-08-04T20:04:46.441324+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Starwood REIT forms JV with Apollo; Apollo invests $1.02B for 41.5% stake in ~120 affordable housing properties

## Summary
- Apollo invested $1.02B for 41.5% Class B Common Units in JV holding ~120 affordable housing properties.
- Starwood retains 58.5% equity, full asset management and operational control; JV consolidated with Apollo's interest as redeemable noncontrolling interest.
- Proceeds used to repay significant portion of credit facility, reducing interest expense and improving operating cash flow.
- Starwood guarantees Apollo a minimum annual yield that increases over time; call option exercisable between 5th and 10th anniversary with capped 7% IRR.
- Goldman Sachs acted as exclusive structuring agent; multiple banks served as advisors and arrangers.

## SEC filing metadata
- accession: 0001193125-26-332741
- form_type: 8-K
- ticker: SWDR
- cik: 0001711929
- company_name: Starwood Real Estate Income Trust, Inc.
- filed_at: 2026-08-04T20:03:13+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1711929/000119312526332741/0001193125-26-332741-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1711929/000119312526332741/ck0001711929-20260803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-332741
- JSON: https://secwatch.observer/filing/0001193125-26-332741.json
- Plain text: https://secwatch.observer/filing/0001193125-26-332741.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.