Starwood, Trez Capital Target More Than $1 Billion in Annual U.S. Land Loan Originations

Starwood Capital Group and Trez Capital announced a U.S. partnership Nov. 3 to finance land acquisition and development for single-family communities, with an annual loan origination target above $1 billion. The partnership is expected to be seeded with a $450 million portfolio of residential land acquisition and development loans originated by Trez Capital. Separately, the firms are targeting more than $1 billion in originations each year. Both figures are forward-looking: the first is a portfolio amount, while the second is an annual target. Starwood will bring institutional capital and its investment platform.

Source: TokenPost