From The Real Deal · Holden Walter-Warner · · 50s
Starwood, Trez Launch Residential Land Financing JV
Starwood Capital Group and Trez Capital form $450M residential land financing joint venture targeting $1B annual loans.
In brief
Starwood Capital Group and Trez Capital form $450M residential land financing joint venture targeting $1B annual loans. Starwood Capital Group and Trez Capital launched a $450 million joint venture to finance residential land acquisitions and development loans for single-family projects in the U.S. Originally reported…
Starwood and Trez Partner
Starwood Capital Group and Trez Capital announced a partnership focused on residential land acquisition and development loans for single-family projects in the United States.
“Bringing together Starwood’s institutional capital, deep expertise in real estate financing and master-planned community development with Trez Capital’s capabilities in residential land financing will uniquely position us to capitalize on sector tailwinds as a premier lending platform”
Initial $450M Loan Portfolio
The venture will be seeded with a $450 million portfolio of loans originated by Trez, targeting more than $1 billion in annual originations.
US Housing Market Strategy
The firms aim to capitalize on structural housing supply imbalances and continued residential demand across the United States.
Here's the gist
Starwood Capital Group and Trez Capital launched a $450 million joint venture to finance residential land acquisitions and development loans for single-family projects in the U.S.
