Saturday, November 22, 2008

Starwood Land Ventures Acquires More Than 2,500 Homesites in Three States

BRADENTON, FL/PRNewswire/ -- Starwood Land Ventures LLC has completed the acquisition of more than 2,500 homesites in communities located in Arizona, California and Florida as part of its ongoing strategy to obtain well-located, highly-rated residential properties throughout the country.

"We are confident that our latest asset addition provides the opportunity for solid long-term investment," said Starwood Land Ventures West Region President Mike Forsum. (top right photo)

"These properties are in our select markets in attractive locations of sought-after regions that have experienced high housing demand and are poised for lasting growth."

All of the residential land procured in the three-state purchase is located in high-growth areas and the majority of the homesites are substantially complete.

The properties dovetail with Starwood Land Ventures' existing operations.

The firm currently has operations in Arizona, California, Georgia, Florida, Maryland, North Carolina, South Carolina, Texas and Virginia.

Starwood Land Ventures, LLC is a Bradenton, Florida-based residential real estate investment firm focused on land acquisition, development and financing nationwide.

The firm is a controlled affiliate of Greenwich, CT based Starwood Capital Group Global, LLC. Starwood Land partners with builders, developers, lenders and land holders and will provide creative solutions to recapitalize assets with both debt and equity.

The firm also purchases debt and specializes in the acquisition, entitlement and development of large, master-planned communities, which may include mixed-use components.

Through its platform of partnerships with leading development firms, Starwood Land and its experienced team aim to be the capital partners of choice to land owners, developers and builders in select markets.

Starwood Land currently has operations in Arizona, California, Georgia, Florida, Maryland, North Carolina, South Carolina, Texas and Virginia.
For more information about Starwood Land, visit the website at www.starwoodland.com . Source: Starwood Land Ventures LLC


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