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Starwood's acquisition is just 100 yards from the new Whole Foods in Decatur.
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Apollo's $1B will be used to pay down debt at SREIT, which is facing a liquidity crunch amid a flood of redemption requests.
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The flood of redemption requests has slowed, but many nontraded funds are still facing a cash crunch.
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Barry Sternlicht's firm raised the capital for Starwood Distressed Opportunity Fund XIII, which will deploy as much as 35% of its capital into data centers.
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SREIT faced another $200M in redemption requests on May 1.
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Starwood CEO Barry Sternlicht on Wednesday explained the choice to cap withdrawals for SREIT to 0.33% of NAV as it waits out interest rate cuts.
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In the face of a competing bid from Starwood, pushback from minority shareholders and a 'no' recommendation from ISS, Sam Zell raised his offer to buy Monmouth.
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This is the third time in four months that requests have exceeded the company's stated withdrawal limits.
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The addition of BREIT to LODAS Markets' secondary marketplace offers new options for investor liquidity beyond redemptions.
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BlackRock's actions come after Blackstone and Starwood have set similar limits on cashouts from clients.
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