09:43 AM EDT, 04/04/2025 (MT Newswires) -- Starwood Capital, which manages Starwood Property Trust ( STWD ) , said Friday that a joint venture between one of its affiliates and a Land Strategies Management affiliate acquired 11 Texas master-planned communities from real estate investment manager Hines for about $800 million.

The communities, which are in "advanced stages of development," are located across Dallas, Houston and Austin, Starwood Capital said.

Price: 18.46, Change: -0.74, Percent Change: -3.85