Starwood Land Ventures Forms Joint Venture with Cold River Development Inc.

"This is an exciting joint venture arrangement because it opens the door for new opportunities in several attractive niche development markets," said Mike Moser, east region president of Starwood Land Ventures.

John Pearson, vice president and general manager of Cold River Development, said the joint venture is pursuing developed homesites, zoned land and other single-family residential properties all over the city.

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 inHouston,Raleigh, Northern andSouthern California, andNorthern Virginia and expects to make additional announcements in the coming months.

Cold River Development was founded on the experience of its principals and founders, including Vice President and General Manager John Pearson who has managed the construction of more than 50,000 homes in 400 Atlanta and Carolina-area communities. The firm is currently managing developments in Atlanta andNorth Carolina.

Starwood Land Ventures, LLC is aBradenton, Florida-based residential real estate investment firm focused on land acquisition, development and financing nationwide. The firm is a controlled affiliate ofGreenwich, 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 also purchases debt and 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 to land owners, developers and builders in select markets. Starwood Land currently has operations inArizona,California,Georgia,Florida,Maryland,North Carolina, South Carolina,Texas andVirginia. For more information about Starwood Land, visit http://www.starwoodland.com .

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SOURCE Starwood Land Ventures, LLC

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