We were pleased to advise Land Tejas, a Houston-based residential development company with a 20+ year history of creating exceptional lifestyle communities, in its asset sale and joint venture with Starwood Capital Group, a global private investment firm focused on real estate and energy investments. The transaction was announced on December 29, 2021, and encompasses 10 communities with nearly 16,000 residential lots and numerous commercial assets.
Gordon Arata’s team representing Land Tejas was led by Marion Welborn Weinstock, Peggy Welsh and Peck Hayne. Parkins Lee & Rubio LLP and John R. Krugh were co-counsel to Land Tejas. Starwood Capital Group was represented by Kirkland & Ellis.