Starwood Capital Group Acquisition of Nine Master-Planned Communities from Trez Capital

United States

Deal value: $1.2 Billion

Starwood Capital Group acquired nine master-planned communities across Texas, Florida, and Arizona from Trez Capital, developed in partnership with Hines. The portfolio includes mixed-use, residential, and amenity-rich communities with a combined planned unit count exceeding 18,000 homes and significant commercial components.

Starwood Capital's acquisition targets high-growth master-planned communities in Texas, Florida, and Arizona to capitalize on robust housing demand, population migration, and favorable economic conditions in the U.S. Sunbelt. The strategic purpose is to secure mature, infrastructure-ready assets with active lot sales, leveraging long-term residential land fundamentals and the ongoing shortage of quality housing in tax-friendly, high-growth states. The timing reflects strong market fundamentals and migration trends driving sustained demand for single-family and mixed-use developments.