Starwood Land, Riverway Properties Form JV to Invest in Houston Residential Market

Regions Southwest | Houston
Starwood Land, Riverway Properties Form JV to Invest in Houston Residential Market
June 27, 2008

Starwood Land Ventures L.L.C. has formed a joint venture partnership with Riverway Properties, a Houston-based residential community developer, companies announced today. RiverStar Capital expects to invest more than $150 million in Houston residential land acquisition and new project development during the next several years. The  partnership also expects to buy and hold finished homesites, provide equity and loans to other developers, and purchase debt from lenders. RiverStar Capital will initiate its acquisition campaign by investing in Houston markets.

 
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