Login

Starwood refinancing puts Sun Belt apartment reset on display

Portfolio’s valuation falls 16.6% from 2021 peak even as property fundamentals improve
The largest property in the portfolio being refinanced is the 494-unit Arium Centro at Davie Apartments in Davie, Florida. (CoStar)
The largest property in the portfolio being refinanced is the 494-unit Arium Centro at Davie Apartments in Davie, Florida. (CoStar)

Starwood Real Estate Income Trust is refinancing a nine-property apartment portfolio across North Carolina and Florida, highlighting a growing disconnect in some Sun Belt apartment markets: property values have fallen from pandemic-era highs even as operating performance remains strong.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE