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Starwood Real Estate Income Trust acquires first industrial portfolio
Transactions - DECEMBER 11, 2019

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Starwood Real Estate Income Trust acquires first industrial portfolio

by Released

Starwood Real Estate Income Trust (SREIT), a nontraded REIT managed by Starwood Capital Group, announced today the acquisition of the Midwest Industrial Portfolio, a 33-asset portfolio comprised of 4.1 million square feet of primarily class A properties in Chicago (43 percent), Indianapolis, (33 percent), Columbus (16 percent) and Milwaukee (8 percent). The Midwest Industrial Portfolio is currently 98 percent leased to 50 tenants and has maintained an average occupancy of just under 95 percent over the last 10 years. Chicago, Indianapolis and Columbus are all top-20 industrial markets in the United States and each has the ability for tenants to access over 50 percent of the U.S. population in under 24 hours.

The Midwest Industrial Portfolio benefits from being in markets with strong transportation networks and low costs of doing business, and it is largely comprised of light industrial buildings of

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