Starwood Real Estate Income Trust Secures $1.7 Billion Freddie Mac Loan To Refinance 52 Properties

Starwood Real Estate Income Trust secured a $1.7 billion Freddie Mac loan to refinance a package deal of 52 properties totaling 12,955 affordable housing units. This refinancing is part of a larger portfolio originally acquired from Strata Equity Group in 2021, encompassing a diverse range of markets across California, Colorado, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Tennessee, Texas, and Washington.

Summary of transaction details:

• Property Type: Package Deal
• Transaction Amount: $1,700,000,000
• Loan Type: Refinance
• Loan Terms: 10-year
• Lender: Freddie Mac
• Landlord: Barry Sternlicht - Starwood Real Estate Income Trust
• Brokers: Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Michael Stepniewski, Michael Ianno - Walker & Dunlop

The refinancing reflects Starwood's strategic focus on optimizing its multi-state portfolio through large-scale divestments and portfolio reshuffling, underscoring the sustained demand for scalable affordable housing assets in the current market.