8-K 1 d776537d8k.htm 8-K 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 25, 2019

 

 

STARWOOD REAL ESTATE INCOME TRUST, INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Maryland   000-56046   82-2023409
(State or other jurisdiction
of incorporation)
 

(Commission

File Number)

  (I.R.S. Employer
Identification No.)

1601 Washington Avenue

Suite 800

Miami Beach, FL 33139

(Address of principal executive offices, including zip code)

(305) 695-5500

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

  ☐

Written communications pursuant to Rule 425 under the Securities Act

 

  ☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

  ☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

  ☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act: None

 

Title of each class

 

Trading

Symbol(s)

 

Name of each exchange
on which registered

                                          

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company  ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☒

 

 

 


Item 8.01.

Other Events.

On July 25, 2019, a subsidiary of Starwood Real Estate Income Trust, Inc. (the “Company”) acquired a fee-simple interest in a multifamily property (“Concord Park Apartments”) for $86.7 million, excluding closing costs. Concord Park Apartments is a high-quality, 2005-construction midrise multifamily property totaling 335 units located in Laurel, Maryland, with easy access to the Washington, D.C. corridor. Concord Park Apartments is 95% leased as of the acquisition date and is centrally located within close proximity to Fort Meade, the surrounding areas focused on government and cybersecurity/tech employment, major transportation nodes including I-95 and US-1, MARC rail with access to Washington, D.C.’s Union Station, and two shopping centers totaling 1.9 million square feet of retail. Concord Park Apartments’ surrounding demographics represent an affluent ($110,000 median income) and young (33 years average) resident profile, coupled with strong government and private employment growth in the defense and cybersecurity/tech industries.

CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS

Information set forth in this Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties. A discussion of factors that may affect future results is contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 as such factors may be updated from time to time in the Company’s filings with the Securities and Exchange Commission. The Company disclaims any obligation to update forward-looking statements, except as may be required by law.


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    STARWOOD REAL ESTATE INCOME TRUST, INC.
Date: August 1, 2019     By:  

/s/ Matthew Guttin

      Matthew Guttin
      Chief Compliance Officer and Secretary