Hines Sells 11 Master-Planned Communities to Starwood Capital
Deal News | Apr 04, 2025 | Hines Interests LP
Hines, a global real estate investment manager, has successfully concluded the sale of 11 master-planned communities in Texas for approximately $800 million. The sale was to a joint venture between an affiliate of Starwood Capital Group and Land Strategies Management (DBA Starwood Land). The communities, mostly in advanced stages of development, span across the high-growth markets of Dallas, Houston, and Austin, with over 16,000 residential lots and 600 acres of commercial land. This transaction underscores a strong investment appetite for real estate in high-growth areas. Starwood Capital plans to continue developing these sites. The sale involved several partners including Trez Capital and others in the Texan real estate sector.
Sectors
- Real Estate Investment
- Residential Development
Geography
- United States – The transaction involves communities located in Texas, USA, focusing on regions like Dallas, Houston, and Austin.
Industry
- Real Estate Investment – The deal involves the sale and acquisition of master-planned communities, which falls under real estate investment.
- Residential Development – The article discusses large-scale residential land developments in major urban markets.
Financials
- 800000000 – The approximate sale value of the master-planned communities portfolio.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hines Interests LP | Vendor | Company | A global real estate investment manager responsible for selling the communities. |
| Starwood Capital Group | Buyer | Company | A private investment firm focused on global real estate, acquiring the communities. |
| Land Strategies Management (DBA Starwood Land) | Joint Buyer | Company | An affiliate involved in the acquisition alongside Starwood Capital. |
| Trez Capital | Partner | Company | Partnered with Hines on nine of the communities involved in the deal. |
| Ray Lawler | Executive | Person | Managing Partner, Head of Americas at Hines, commented on the transaction. |
| Mike Moser | Executive | Person | CEO of Starwood Land, involved in the acquisition. |
| Anthony Murphy | Executive | Person | Managing Director at Starwood Capital, commented on the acquisition strategy. |
| John D. Hutchinson | Executive | Person | co-CEO and global head of origination at Trez Capital. |