Starwood Capital and Starwood Land Acquire $800M Texas Master-Planned Community Portfolio from Hines
A joint venture between Starwood Capital Group and Land Strategies Management, operating as Starwood Land, has completed the acquisition of an expansive portfolio of master-planned communities in Texas from global real estate firm Hines. The deal is valued at approximately $800 million.
The portfolio includes 11 master-planned communities located in three of the top ten U.S. new home markets—Dallas, Houston, and Austin. Collectively, the developments offer more than 16,000 remaining residential lots and over 600 acres of commercial land. All communities are situated in high-growth submarkets known for strong homebuilder demand and robust development pipelines.
Communities included in the acquisition are:
Dallas:
– Wildflower Ranch
– Creekside
– Aster Park
– Northspur
– Myrtle Creek
– Furst Ranch
– Redden Farms
Houston:
– Brookewater
– Creekhaven
– Wildrye
Austin:
– Mirador
These projects are at advanced stages of development and benefit from established infrastructure and market momentum.
Additional partners involved in the original development with Hines include Trez Capital, which has a stake in nine of the communities, along with Caravel Ventures, Bloomfield Homes, Sumitomo Forestry America, Estein USA, and GMcivil.
This strategic acquisition bolsters Starwood’s position in residential development across key Texas markets as demand for housing continues to grow.
