Published:
Starwood Land Ventures Forms Joint Venture with Cold River Development Inc.
BRADENTON, Fla., Nov. 21 /PRNewswire/ -- Starwood Land Ventures announces
the formation of CoStar Land LLC, a joint venture partnership established to
channel $75 million toward development opportunities in the 23-countyAtlanta
metro service area. CoStar marries the strengths of Starwood Land Ventures and
Cold River Development, a holding company whose subsidiaries specialize in
land development inGeorgia and the Carolinas.
"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 .
For further information contact:
Amy Ogden, Public Relations Manager
Clockwork Marketing Services, Inc.
Phone: (904) 280-7960
amy@clockworkmarketing.com
http://www.clockworkmarketing.com
SOURCE Starwood Land Ventures, LLC
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