# Starwood Real Estate Income Trust, Inc. (SWDR) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_a5404f8fd64d710eb5af · retrieved 2026-08-11T15:51:36.495Z

## Overview
Starwood Real Estate Income Trust, Inc. is a Maryland-incorporated real estate investment trust that owns and operates a $22.5 billion portfolio of 598 income-producing properties with approximately 93% occupancy, concentrated in rental housing, industrial, self-storage, and real estate credit sectors.

Cox Capital Partners Special Situations Fund, L.P., Cox Capital General Partner, LLC, Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Saba Capital Tender SPV I, LLC launched an unsolicited tender offer to purchase up to 19,660,000 shares of Starwood Real Estate Income Trust, Inc. common stock (9,533,647 Class S shares at $14.30 per share and 10,126,353 Class I shares at $15.00 per share), representing approximately 5.5% of each class. On March 5, 2026, the Company's Board of Directors, comprised of a majority of independent directors, unanimously recommended that stockholders REJECT the Offer, citing the significant discount to net asset value (24.4% discount for Class I at $19.85 NAV; 28.6% discount for Class S at $20.02 NAV as of January 31, 2026) and the Board's confidence in the Company's long-term strategy and $22.5 billion portfolio of 598 income-producing properties.

## Terms
- Counterparty: Cox Capital Partners Special Situations Fund, L.P.; Cox Capital General Partner, LLC; Saba Capital Management, L.P.; Saba Capital Management GP, LLC; Saba Capital Tender SPV I, LLC · Consideration: cash · Stake: 5.5%

## Key dates
- Announced 2026-03-06

## Timeline
- 2026-03-06 · SC 14D9 (0001193125-26-096287): SC 14D9 - Starwood Real Estate Income Trust, Inc. — *Starwood Real Estate Income Trust, Inc. is a Maryland-incorporated real estate investment trust that owns and operates a $22.5 billion portfolio of 598 income-producing properties with approximately 93% occupancy, concentrated in rental housing, industrial, self-storage, and real estate credit sectors.* Cox Capital Partners Special Situations Fund, L.P., Cox Capital General Partner, LLC, Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Saba Capital Tender SPV I, LLC launched an unsolicited tender offer to purchase up to 19,660,000 shares of Starwood Real Estate Income Trust, Inc. common stock (9,533,647 Class S shares at $14.30 per share and 10,126,353 Class I shares at $15.00 per share), representing approximately 5.5% of each class. On March 5, 2026, the Company's Board of Directors, comprised of a majority of independent directors, unanimously recommended that stockholders REJECT the Offer, citing the significant discount to net asset value (24.4% discount for Class I at $19.85 NAV; 28.6% discount for Class S at $20.02 NAV as of January 31, 2026) and the Board's confidence in the Company's long-term strategy and $22.5 billion portfolio of 598 income-producing properties.
  https://www.sec.gov/Archives/edgar/data/1711929/0001193125-26-096287.txt

## Citations
- 0001193125-26-096287 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526096287