STARWOOD REAL ESTATE IN CL I Business Summary

Starwood Real Estate Income Trust, Inc. (SREIT) is a public, non-traded perpetual-life real estate investment trust that generates revenue primarily through rental income from a diversified portfolio of institutional-quality properties and interest from real estate-related debt investments. The company’s primary business segments are heavily weighted toward multifamily housing and industrial assets, which collectively represent over 80% of its approximately $22.4 billion portfolio, with additional allocations in office, retail, and senior secured floating-rate loans. SREIT operates within the competitive landscape of large-scale private and non-traded REITs, directly rivaling Blackstone Real Estate Income Trust (BREIT), Brookfield REIT, and Ares Real Estate Income Trust. As of July 2026, the company occupies a defensive market position, having recently implemented a temporary suspension of share repurchases and a reduction in distribution payouts to manage liquidity amid a period of elevated redemption requests and shifting interest rate dynamics. The trust is led by President and CEO Nora Creedon, who assumed the role in July 2025 following an 18-year career at Goldman Sachs, where she served as CEO of Goldman Sachs Real Estate Income Trust. The leadership team is anchored by Chairman Barry Sternlicht, the billionaire founder of Starwood Capital Group, who launched SREIT in 2018 to bridge the gap between private equity real estate and individual investors. Other key executives include Chief Financial Officer and Treasurer Joseph Nieto and Jonathan Pollack, a Director and President of Starwood Capital Group. The board of directors includes prominent independent members such as Richard D. Bronson and David B. Henry, providing oversight for the trust's external management by Starwood REIT Advisors, L.L.C. The firm benefits from the pedigree of its parent group, which manages over $130 billion in assets and maintains a significant co-investment in the trust to align interests with Class I (SWDR) and other stockholders.