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Sternlicht's Starwood REIT Running Low On Cash As Redemptions Soar Amid CRE Storm

Posted on AllSides May 18th, 2024
From The Right

Sternlicht's Starwood REIT Running Low On Cash As Redemptions Soar Amid CRE Storm Starwood Real Estate Income Trust (SREIT), a $10 billion non-traded REIT ranked second-largest behind Blackstone's struggling BREIT, faces a severe liquidity crunch as investor redemptions soar amid concerns 'higher for longer' interest rates will worsen the commercial real estate storm. The Financial Times reported at the end of last week that SREIT is "running low on liquidity as investors demand their money back" and tapped $1.3 billion of its $1.55 billion credit facility since the start of...

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https://zerohedge.com/markets/sternlichts-starwood-reit-running-low-cash-redemptions-soar-amid-cre-storm

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