Starwood Capital Group Acquires Majority Interest in Land Tejas

Starwood Capital Group, through a controlled affiliate, acquired a majority interest in the assets owned by Land Tejas, a Houston-based residential master-planned community developer. The transaction includes 10 communities with nearly 16,000 residential lots and various commercial assets; the deal provides liquidity to Land Tejas' owners while enabling Starwood to expand its single-family housing portfolio.