Starwood Capital Group Acquires Majority Stake in Texas-based Land Tejas.
MANews-(C)2009-2022
A controlled affiliate of US-based private investment firm Starwood Capital Group has acquired a majority interest in the assets owned by Land Tejas, a Houston-based residential development company, the firm said.
Land Tejas, founded in 1997, is one of the largest master planned community developers in Houston, where the housing market continues to benefit from record low inventory and high demand.
The acquisition encompasses 10 communities, many in the late stages of development, with nearly 16,000 residential lots and numerous commercial...
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