Barry S. Sternlicht - Nov 30, 2023 Form 4 Insider Report for Starwood Credit Real Estate Income Trust (NONE)

Role: Executive Chairman
Signature: /s/ Rachel O. Zane, as Attorney-in-Fact
Stock symbol: NONE
Transactions as of: Nov 30, 2023
Transactions value $: $31,500,000
Form type: 4
Date filed: 12/1/2023, 05:51 PM
Previous filing: Nov 20, 2023
Next filing: Dec 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NONE	Common Shares	Award	$31.5M	+1.58M	+3150000%	$20.00^*	1.58M	Nov 30, 2023	By Starwood Real Estate Income Holdings, L.P.	F1
transaction	NONE	Common Shares	Disposed to Issuer		-1.58M	-100%		0	Dec 1, 2023	By Starwood Real Estate Income Holdings, L.P.	F1, F2
transaction	NONE	Class E Common Shares	Award		+1.58M			1.58M	Dec 1, 2023	By Starwood Real Estate Income Holdings, L.P.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Starwood Real Estate Income Holdings, L.P. is the direct holder of the common shares and/or Class E common shares as described herein. Starwood Real Estate Income Holdings GP, L.L.C. is the general partner of Starwood Real Estate Income Holdings, L.P. Starwood Capital Group Holdings, L.P. is the sole member of Starwood Real Estate Income Holdings GP, L.L.C. Starwood Capital Group Holdings GP, L.L.C. is the general partner of Starwood Capital Group Holdings, L.P. BSS SCG GP Holdings, LLC is the managing member of Starwood Capital Group Holdings GP, L.L.C. and Barry Sternlicht is the sole owner and managing member of BSS SCG GP Holdings, LLC. Each of the foregoing persons may be deemed to beneficially own the reported securities but disclaims beneficial ownership except to the extent of such person's pecuniary interest therein.
F2	In connection with the effectiveness of the Starwood Credit Real Estate Income Trust's Amended and Restated Declaration of Trust, on December 1, 2023, Starwood Real Estate Income Holdings, L.P. exchanged its common shares for an equal number of Class E common shares upon the classification of the Class E common shares.

Content

Starwood Real Estate Income Holdings, L.P. is the direct holder of the common shares and/or Class E common shares as described herein. Starwood Real Estate Income Holdings GP, L.L.C. is the general partner of Starwood Real Estate Income Holdings, L.P. Starwood Capital Group Holdings, L.P. is the sole member of Starwood Real Estate Income Holdings GP, L.L.C. Starwood Capital Group Holdings GP, L.L.C. is the general partner of Starwood Capital Group Holdings, L.P. BSS SCG GP Holdings, LLC is the managing member of Starwood Capital Group Holdings GP, L.L.C. and Barry Sternlicht is the sole owner and managing member of BSS SCG GP Holdings, LLC. Each of the foregoing persons may be deemed to beneficially own the reported securities but disclaims beneficial ownership except to the extent of such person's pecuniary interest therein.

In connection with the effectiveness of the Starwood Credit Real Estate Income Trust's Amended and Restated Declaration of Trust, on December 1, 2023, Starwood Real Estate Income Holdings, L.P. exchanged its common shares for an equal number of Class E common shares upon the classification of the Class E common shares.