AUSTIN, TX—Hillwood Communities has made an investment in SouthStar Communities, a nationally recognized real estate investment, development and management firm. The partnership will focus on SouthStar Communities' existing holdings of residential communities in Texas and Georgia.
“Hillwood Communities represents the pinnacle of master-planned community developers,” said Thad Rutherford, COO of SouthStar Communities. “We've long shared the same commitment to delivering well-planned lifestyle communities. This new venture combines SouthStar's legacy as a community developer, marketer and operator with Hillwood Communities' unparalleled expertise in the residential community development.”
SouthStar will continue to manage the operations and development of its existing project holdings going forward. The companies worked together in the past on the same properties, including the Vintage Oaks community located in New Braunfels, TX.
“Hillwood Communities is excited to partner with qualified and experienced developers like Southstar,” Danny Ellis, vice president of Hillwood Communities, tells GlobeSt.com. “They constantly focus on their operations and look for new ideas to make their communities better. This partnership with Southstar will continue our investment in these growing markets.”
Hillwood Communities and SouthStar will focus attention on three projects: the aforementioned Vintage Oaks, a 3,300-acre master-planned community; The Crossings, a 288-acre residential community also in New Braunfels; and King Oaks outside Bryan-College Station, TX, a 950-acre community.
“SouthStar is a quality developer and has been operating these assets successfully for years. We have the exciting opportunity to continue our strategy of investing with other first-class residential developers who have a history of successful operations and developments,” said Ellis. “We look forward to combining our expertise to develop these great communities and grow this relationship.”
Hillwood Communities is a Perot company that specializes in creating master-planned developments.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
AUSTIN, TX—Hillwood Communities has made an investment in SouthStar Communities, a nationally recognized real estate investment, development and management firm. The partnership will focus on SouthStar Communities' existing holdings of residential communities in Texas and Georgia.
“Hillwood Communities represents the pinnacle of master-planned community developers,” said Thad Rutherford, COO of SouthStar Communities. “We've long shared the same commitment to delivering well-planned lifestyle communities. This new venture combines SouthStar's legacy as a community developer, marketer and operator with Hillwood Communities' unparalleled expertise in the residential community development.”
SouthStar will continue to manage the operations and development of its existing project holdings going forward. The companies worked together in the past on the same properties, including the Vintage Oaks community located in New Braunfels, TX.
“Hillwood Communities is excited to partner with qualified and experienced developers like Southstar,” Danny Ellis, vice president of Hillwood Communities, tells GlobeSt.com. “They constantly focus on their operations and look for new ideas to make their communities better. This partnership with Southstar will continue our investment in these growing markets.”
Hillwood Communities and SouthStar will focus attention on three projects: the aforementioned Vintage Oaks, a 3,300-acre master-planned community; The Crossings, a 288-acre residential community also in New Braunfels; and King Oaks outside Bryan-College Station, TX, a 950-acre community.
“SouthStar is a quality developer and has been operating these assets successfully for years. We have the exciting opportunity to continue our strategy of investing with other first-class residential developers who have a history of successful operations and developments,” said Ellis. “We look forward to combining our expertise to develop these great communities and grow this relationship.”
Hillwood Communities is a Perot company that specializes in creating master-planned developments.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.