In a recent transaction, Barry S. Sternlicht, director of Starwood Real Estate Income Trust, Inc., sold 973,000 Class I Common Shares at a price of $23.08 per share. The total value of the shares sold amounts to over $22 million.
The transaction, which took place on April 1, 2024, was part of Sternlicht's planned divestiture of company stock. Following the sale, Sternlicht retains ownership of 4,134,685 shares in the company, which includes shares acquired through the Issuer's Distribution Reinvestment Plan. It's noted that 1,278,174 of the reported securities are personally owned by Mr. Sternlicht.
The nature of ownership for the remaining shares is indirect, by way of Starwood REIT Advisors L.L.C., Starwood Real Estate Income Holdings, L.P., and Barry Sternlicht himself. This indicates a strategic alignment with the company's long-term performance and commitments.
Investors often keep a close eye on insider transactions as they can provide insights into an executive's perspective on the company's value. Sales of this magnitude are noteworthy events that may prompt market watchers to consider the potential implications for the stock's performance and the company's future prospects.
The transaction was officially signed off on April 3, 2024, by Matthew Guttin, Attorney-in-Fact, as indicated in the company's regulatory filing. Starwood Real Estate Income Trust, Inc. is a real estate investment trust that focuses on commercial and residential real estate opportunities, and it is incorporated in the state of Maryland.
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