Starwood
Land Ventures, LLC
April 7, 2009
FOR IMMEDIATE
RELEASE
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STARWOOD LAND
VENTURES FORMS JOINT VENTURE
WITH TAYLOR-DUNCAN INTERESTS, INC.
BRADENTON, Florida –Starwood
Land Ventures, LLC announces that it has formed a joint venture
with an affiliate of Taylor-Duncan Interests, Inc., a Dallas, Texas-based
firm specializing in residential land development. The new partnership,
TD Star Land, will pursue strategic land development opportunities
in the Dallas-Fort Worth area.
“The Dallas-Fort Worth
market has always been a strategic target for us and Taylor Duncan
has been active in this market for decades,” said Mike Moser, east
region president of Starwood Land Ventures. “We look forward to
working with Taylor-Duncan Interests in this partnership, and are
confident we will be able to acquire excellent residential properties
in the area.”
Larry Taylor, president
of Taylor-Duncan, said the new venture is pursuing developed homesites,
zoned land and other single-family residential properties in the
Dallas-Forth Worth metropolitan area.
“We have developed residential
communities for many of the national and regional builders in the
area,” Taylor said. “With the strength of Starwood Land Ventures
behind us, we should be able to capitalize on some excellent buying
opportunities and offer builders desirable lot positions as the
market recovers.”
Starwood Land Ventures
has been actively pursuing joint venture relationships with firms
across the country to seek out financing and development opportunities
countrywide. To date, the firm has established partnerships with
experienced, well established firms in Houston, Atlanta, Charlotte,
Raleigh, Northern and Southern California, and Northern Virginia
and may make additional announcements in the coming months.
About Taylor-Duncan
Interests, Inc.
Taylor-Duncan Interests,
Inc. was founded in 1992 by its principals, Larry Taylor and Phillip
Duncan. The company specializes in residential development, including
the acquisition, design, entitlement and construction of communities
in Texas and select other markets. The firm is currently involved
in projects in the Dallas, Nashville and San Diego areas. For more
information about Taylor-Duncan, visit www.taylorduncan.com.
About Starwood Land Ventures, LLC
Starwood Land Ventures,
LLC is a Bradenton, Florida-based residential real estate, development
and 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 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 in select markets. Starwood Land currently has
operations in Arizona, California, Florida, Georgia, Maryland, Nevada,
North Carolina, South Carolina, Texas and Virginia. For more information
about Starwood Land, visit www.starwoodland.com.
About Starwood
Capital Group Global, LLC
Starwood Capital Group
Global, LLC is a privately-held global real estate investment firm
based in Greenwich, CT (with its predecessor Starwood affiliates
“Starwood”). Founded in 1991, Starwood specializes in the creation
and acquisition of real estate-related investments on behalf of
commingled investment vehicles that are sponsored and created by
Starwood or its affiliated entities. Such real estate-related investments
include residential and commercial land development, multifamily,
hotel, office, retail, mixed-use, industrial, health clubs, golf
and mezzanine debt. Starwood’s clients include public and private
retirement programs, university endowments, foundations, and international
and high net worth investors. During the past 17 years Starwood
and its affiliates have invested approximately $6 billion of equity
capital in transactions representing over $30 billion of asset value.
Starwood Capital Group
has led the formation and/or growth of several market leading companies
including Groupe Taittinger and Société du Louvre, Europe’s second
largest hotel network; iStar Financial (NYSE: SFI), the leading
publicly traded finance company specializing in commercial real
estate mortgage, mezzanine and net lease financing; Starwood Hotels
& Resorts Worldwide (NYSE:HOT), a leading global owner/operator
of hotels, Westin Hotels & Resorts which was merged into Starwood
Hotels & Resorts Worldwide in January 1998; and National Golf
Properties/American Golf Corporation, the largest owner/operator
of golf courses and related facilities in the U.S., who, together
with its private sister company, owned, leased or managed 255 golf
courses. It also participated in the formation of and helped lead
the growth of Equity
Residential Properties Trust (NYSE:EQR), one of the premier US multifamily
REITs.
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