Starwood Real Estate Income Trust founder Barry Sternlicht limited monthly withdrawals to 0.33% of NAV due to Fed rate hikes affecting real estate.
Barry Sternlicht, founder of Starwood Real Estate Income Trust (SREIT), limited monthly withdrawals to 0.33% of net asset value, down from 2%, due to the Federal Reserve's aggressive interest rate hikes impacting real estate values and slowed transactions. Sternlicht believes that the fund can achieve better asset prices in the future and hopes the cap will only be in place for six months.
June 05, 2024
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