Why it matters
The ventures aim to provide capital to homebuilders, linking institutional investment to residential land and housing development. The report does not specify expected effects on home prices, construction or lending conditions.
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Starwood has launched a residential land joint venture targeting $1 billion in annual originations, according to Bisnow. The announcement followed a similar venture launched by Wafra and Hunt Cos.
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The ventures aim to provide capital to homebuilders, linking institutional investment to residential land and housing development. The report does not specify expected effects on home prices, construction or lending conditions.