Starwood REIT forms joint venture with Apollo in USD 1.02 billion affordable housing deal

Reuters2026/08/04 20:23

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Starwood Real Estate Income Trust closed a joint venture with Apollo Global Management on Aug. 3, 2026 covering about 120 U.S. affordable housing properties.
Apollo invested USD 1.02 billion for Class B units equal to 41.5% of equity; Starwood kept 58.5% plus operational control.
Proceeds earmarked to repay a large portion of Starwood’s credit facility, cutting interest expense and lifting operating cash flow.
Structure includes guaranteed minimum annual yield to Apollo that steps up over time, paid by Starwood.
Starwood holds a call option from years five to 10; redemption price targets a capped 7% IRR for Apollo.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Starwood Real Estate Income Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-332741), on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Starwood REIT forms joint venture with Apollo in USD 1.02 billion affordable housing deal

You may also like

Crypto prices