Starwood Land Ventures, an affiliate of the private equity real estate firm, Starwood Capital Group, has bought a large portfolio of residential land in the US as it continues to target residential land opportunities in the country.
The latest deal, totaling 2,500 home sites, included land in Arizona, California and Florida, markets which have all experienced high demand for housing, according to Starwood, and which are now feeling the impact of the credit crunch.
