Deal Snapshot
STARWOOD REAL ESTATE INCOME TRUST ACQUIRES AFFORDABLE HOUSING PORTFOLIO
Tuesday 25 February 2020

Miami, US-based REIT Starwood Real Estate Income Trust has acquired a stabilised Southeast Affordable Housing Portfolio, located in 18 communities to expand portfolio of multifamily affordable housing units to 24,000, the company said.
The acquired portfolio is 96% occupied and located predominantly in Florida and North Carolina. This transaction is an extension of SREIT's investments in the Florida affordable multifamily housing sector, and expansion into complementary high-growth Sun Belt markets.


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Details
Date Published: 25/02/2020
Target: Southeast Affordable Housing Portfolio
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Starwood Real Estate Income Trust
Comment:
Terms of the deal were not disclosed

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