Starwood Land Ventures Enters Joint Partnership With Washington D.C.-Based Penrose...

Starwood Land Ventures Enters Joint Partnership With Washington D.C.-Based
Penrose Group

SARASOTA, Fla., July 31 /PRNewswire/ -- Starwood Land Ventures, LLC is
pleased to announce that it has formed a joint venture with The Penrose Group,
a Northern Va.-based firm that engages in real estate development and provides
property management services. The primary purpose of the venture will be to
acquire, hold and develop residential real estate in strategic areas of the
Mid-Atlantic.
During the last 20 years, The Penrose Group has been involved in a number
of real estate and development deals in the Mid-Atlantic region. At one time,
The Penrose Group was the largest owner of contiguous land in the Washington,
D.C. metro area. Representative projects include the master-planned, mixed-use
community King Farm in Rockville, MD, as well as commercial offices, apartment
buildings, warehouses and hotels throughout the Washington D.C. metro area.
"We are pleased to have found a company in the Washington, D.C. area that
is an ideal fit for collaborating on future projects," said Mike Moser, East
Region President of Starwood Land Ventures. "The expertise of The Penrose
Group will blend perfectly with our other partners across the country."
About The Penrose Group
The Penrose Group consists of a family of companies that engage in real
estate development and provide strategic property management services. During
its 20 years in business, the company has amassed an impressive portfolio of
projects that has included apartments, master-planned communities, commercial
offices, industrial and mixed-use developments. Under the direction of founder
Mark W. Gregg, The Penrose Group has focused on land acquisition and
development in Washington, D.C. and surrounding areas.
About Starwood Land Ventures, LLC
Starwood Land Ventures, LLC is a Sarasota, Fla.-based residential real
estate investment firm focused on land acquisition, development and financing
nationwide. The firm is a controlled affiliate of Greenwich, Conn.-based
Starwood Capital Group Global, LLC. Starwood Land partners with builders,
developers, lenders and land holders and will provide creative solutions to
recapitalize assets with both debt and equity. The firm also purchases debt
and specializes in the acquisition, entitlement and development of large,
master-planned communities, which may include mixed-use components. Through
its platform of partnerships with leading development firms across the
country, Starwood Land and its experienced team aim to be the capital partners
of choice to land owners, developers and builders. For more information about
Starwood Land, visit the website at www.starwoodland.com .
SOURCE Starwood Land Ventures, LLC

Amy Ogden, +1-904-280-7960, for Starwood Land Ventures, LLC