External Investor Completes Tender Offer for Significant Stake in Starwood REIT

summarizeSummary

Cox Capital Partners and Saba Capital Management have completed a tender offer to purchase up to $288 million worth of Starwood REIT shares, providing a liquidity event for shareholders.

check_boxKey Events

• Tender Offer Completed

  Cox Capital Partners Special Situations Fund, L.P. and Saba Capital Management, L.P. finalized their tender offer for Starwood Real Estate Income Trust, Inc. shares on April 25, 2026.

• Significant Share Acquisition

  The offer resulted in the purchase of up to 19,660,000 Class I and Class S shares, valued at approximately $288 million based on the offer prices of $15.00 per Class I Share and $14.30 per Class S Share.

• Shareholder Liquidity Provided

  This transaction offers a notable liquidity opportunity for shareholders amidst the company's ongoing challenges with NAV declines and limited internal share repurchases, as previously reported on 2026-04-16.

• Offer Not Oversubscribed

  All validly tendered shares were accepted, indicating that the total shares tendered did not exceed the maximum offer amount.

auto_awesomeAnalysis

This filing reports the final results of a tender offer by Cox Capital Partners and Saba Capital Management, which commenced on March 5, 2026. The offer successfully acquired a substantial block of Starwood REIT shares, valued at approximately $288 million. This external investment provides a significant liquidity event for shareholders, especially notable given Starwood REIT's recent history of declining Net Asset Value (NAV) and severe limitations on its own share repurchase program, as highlighted in recent 424B3 filings. The fact that the offer was not oversubscribed suggests that while some shareholders sought an exit, not all were willing to sell at the tender price.