Starwood Capital Group Acquires 11 Master-Planned Communities in Texas from Hines
- Editor
- Apr 4
- 2 min read
Whats Happening:
Starwood Capital Group has acquired a portfolio of 11 master-planned communities in Texas from Hines for approximately $800 million. The communities are located in Dallas, Houston, and Austin, comprising over 16,000 remaining residential lots and 600+ acres of commercial land. This acquisition aligns with Starwood's strategy of investing in well-located master-planned communities in major new home markets.
Key Moves:
Starwood Capital acquires 11 master-planned communities in Texas for $800 million
Portfolio includes 16,000+ residential lots and 600+ acres of commercial land
Communities located in Dallas, Houston, and Austin submarkets
By The Numbers:
11 master-planned communities acquired
Over 16,000 remaining residential lots
More than 600 acres of commercial land
Key Quotes:
"This is a high-quality portfolio created by a first-class investment manager and developer, and we plan to build upon the excellent work Hines has completed to-date and bring the development vision for these communities to fruition," - Mike Moser, CEO of Starwood Land
"This investment continues Starwood Capital's strategy of acquiring well-located master-planned communities in the largest new home markets to capitalize on compelling long-term residential land fundamentals." - Anthony Murphy, Managing Director at Starwood Capital
"This transaction showcases the deep investment appetite for well-located, master- planned communities that deliver much-needed housing to high-growth markets, and capitalizing on tailwinds in the living sector." - Ray Lawler, Managing Partner, Head of Americas at Hines
Bottom Line:
Starwood Capital's $800 million acquisition of 11 master-planned communities in Texas represents a significant expansion of its residential portfolio. This move capitalizes on the strong demand for housing in high-growth markets and demonstrates Starwood's confidence in the long-term fundamentals of the residential land sector. The transaction also highlights the continued attractiveness of well-located, master-planned communities to institutional investors.
Comments