0000000000-23-008180.txt : 20230919 0000000000-23-008180.hdr.sgml : 20230919 20230731183006 ACCESSION NUMBER: 0000000000-23-008180 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230731 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Starwood Real Estate Income Trust, Inc. CENTRAL INDEX KEY: 0001711929 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 822023409 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 2340 COLLINS AVENUE CITY: MIAMI BEACH STATE: FL ZIP: 33139 BUSINESS PHONE: 305-695-5500 MAIL ADDRESS: STREET 1: 2340 COLLINS AVENUE CITY: MIAMI BEACH STATE: FL ZIP: 33139 PUBLIC REFERENCE ACCESSION NUMBER: 0000950170-23-008601 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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filename2.txt United States securities and exchange commission logo July 31, 2023 Chris Lowthert Chief Financial Officer Starwood Real Estate Income Trust, Inc. 2340 Collins Avenue Miami Beach, FL 33139 Re: Starwood Real Estate Income Trust, Inc. Form 10-K for the year ended December 31, 2022 Filed March 17, 2023 File No. 000-56046 Dear Chris Lowthert: We have reviewed your July 20, 2023 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our July 6, 2023 letter. Form 10-K for the year ended December 31, 2022 Note 2. Summary of Significant Accounting Policies Fair Value Measurements, page 112 1. We note your response to our prior comment. Please clarify what is meant by "through December 31, 2022, the Company s loans secured by real estate have been recorded at par value, which approximates fair value and is also equal to the origination cost," as this contradicts your policy of recording loans secured by real estate at fair value. If you have been utilizing the discounted cash flow method to value your loans secured by real estate (as well as reviewing market yield data, collateral asset performance, local and macro real estate performance, capital market conditions, debt yield and loan-to-value ratios and borrower financial condition and performance), and the value derived from such methods was approximately the same as par/cost, then please clearly state this in your response. Chris Lowthert Starwood Real Estate Income Trust, Inc. July 31, 2023 Page 2 You may contact William Demarest at 202-551-3432 or Kristi Marrone at 202-551-3429 if you have any questions. Sincerely, FirstName LastNameChris Lowthert Division of Corporation Finance Comapany NameStarwood Real Estate Income Trust, Inc. Office of Real Estate & Construction July 31, 2023 Page 2 cc: Matthew Guttin FirstName LastName