Sale of Eleven Texas Master-Planned Communities Portfolio

Dallas, Houston, Austin (multiple cities), Texas, United States

The portfolio comprises eleven master-planned communities across Dallas, Houston, and Austin, Texas, featuring over 16,000 residential lots and 600 acres of commercial land. Developed primarily by Hines in partnership with Trez Capital and other stakeholders, these communities are in advanced stages of development with major infrastructure substantially completed. Located in high-growth submarkets, the properties benefit from robust homebuilder activity and strong demographic trends. The portfolio was acquired in April 2025 by a joint venture led by Starwood Capital Group and Land Strategies Management for approximately $800 million.