31 Dec, 2021

Starwood Capital acquires majority interest in Houston based Land Tejas

Starwood Property Trust (STWD) has a current dividend yield of 7.88% and is rated as “BORDERLINE SAFE” by SimplySafeDividends. I hold STWD in my High Yield Portfolio. In total STWD is 0.3% of my portfolio.

Starwood Capital Group, a global private investment firm focused on real estate and energy investments, announced today that a controlled affiliate has acquired a majority interest in the assets owned by Land Tejas, a Houston-based residential development company with a more than 20-year history of creating exceptional lifestyle communities.  

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 assets.  Land Tejas has become renowned for its extraordinary community amenities that include Crystal Lagoon pools spanning multiple acres with white sand beaches. 

Starwood Capital Group Acquires Majority Interest in Houston-based Land Tejas (prnewswire.com)

Starwood Capital also manages Starwood Property Trust, the largest commercial mortgage real estate investment trust in the United States, which has successfully deployed over $76 billion of capital since inception and manages a portfolio of over $21 billion across debt and equity investments.

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About : Kevin Bae