As SREIT tightens investor redemption limits, other nontraded REITs managed by investment giants like Blackstone, KKR and Brookfield face issues with liquidity.
Nontraded REITs such as BREIT, SREIT and Ares Industrial REIT saw monthly redemption requests shoot up an average of 65% in May.
Starwood Real Estate Income Trust lowered its monthly withdrawal cap to 0.33% of net asset value from its previous 2% limit.
Two UK real estate M&A deals totalling £1.2B were announced on the same day.
Barry Sternlicht's investment firm is buying the 467-property portfolio from Brookfield Asset Management.
Echelon Data Centres, half-owned by Starwood Capital, secured €1.7B for its development pipeline.
The financing is a positive sign for the nontraded REIT.
Apollo's $1B will be used to pay down debt at SREIT, which is facing a liquidity crunch amid a flood of redemption requests.
The endeavor, called Radial Power, is targeted at property owners and developers.
Starwood's deal to buy 10 hotels from Edwardian Group includes 2,053 rooms.
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