Starwood Credit Real Estate Income Trust
10/07/2024 | Press release | Distributed by Public on 10/07/2024 14:31
Private Placement Form 8 K
| Item 3.02 |
Unregistered Sales of Equity Securities. |
In connection with the continuous private offering of Starwood Credit Real Estate Income Trust, a Maryland statutory trust (the "Company"), on October 1, 2024, the Company sold an aggregate of 224,485.483 of its common shares of beneficial interest, par value $0.01 per share (the "Shares"), for aggregate consideration of approximately $4.5 million at a price per Class S Share and Class I Share equal to $20.0560 and $20.0377, respectively, plus applicable upfront selling commissions and dealer manager fees. The offer and sale of the Shares was exempt from the registration provisions of the Securities Act of 1933, as amended, by virtue of Section 4(a)(2) and Regulation D promulgated thereunder.
The following table details the Shares sold:
|
Title of Securities |
Number of Shares Sold | Aggregate Consideration | ||||||
|
Class S Shares |
117,171.921 | $ | 2,382,000 | (1) | ||||
|
Class I Shares |
107,313.562 | $ | 2,150,317 |
| (1) |
Includes upfront selling commission and dealer manager fees of $32,000. |