secwatch.observer — SEC 8-K summary
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Issuer:     Starwood Real Estate Income Trust, Inc. (SWDR)
CIK:        0001711929
Form:       8-K
Filed at:   2026-08-04T20:03:13+00:00
Accession:  0001193125-26-332741
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1711929/000119312526332741/0001193125-26-332741-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1711929/000119312526332741/ck0001711929-20260803.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-332741

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer