Starwood Capital Group and Trez Capital Announce Strategic Partnership Focused on U.S. Residential Land Financing

The relationship reflects shared conviction in the long-term opportunity within land acquisition and development financing for single-family communities

MIAMI and VANCOUVER, BC, Nov. 3, 2026 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a leading global private investment firm, and Trez Capital, a leader in North American commercial real estate investments, today announced they have entered into a strategic partnership that will focus on origination of residential land acquisition and development loans for single-family communities across the United States.

The new partnership pairs Starwood Capital's institutional capital and investment platform with Trez Capital's residential land financing expertise. It will expand Trez Capital's lending capacity, further scaling its established residential land development financing platform, while providing Starwood Capital the opportunity to finance land acquisition and development, complementing its long-standing track record in residential land investments.

Together, the two firms believe they will be well-positioned to capitalize on structural housing supply imbalances and continued residential demand across the U.S., highlighting the importance of delivering new housing in markets with sustained population growth, employment diversity and investment opportunity.

The partnership is expected to be seeded with a US$450 million portfolio of residential land acquisition and development loans originated by Trez Capital and will target more than US$1 billion in annual originations.

"Trez Capital has a strong track record in U.S. residential land lending, and we look forward to leveraging our collective strengths through this relationship," said Anthony Murphy, managing director at Starwood Capital. "Bringing together Starwood's institutional capital, deep expertise in real estate financing and master-planned community development with Trez Capital's capabilities in residential land financing will uniquely position us to capitalize on sector tailwinds as a premier lending platform."

"This strategic partnership represents a significant endorsement of Trez Capital's financing expertise. Combining Starwood's institutional investment capabilities with Trez Capital's origination, underwriting, loan servicing and asset management platform will enable us to scale our U.S. residential land development lending business significantly," said John D. Hutchinson, co-chief executive officer and global head of origination at Trez Capital. John Maragliano, Trez Capital co-chief executive officer and chief financial officer, added, "This represents an important step in Trez Capital's strategy to expand our institutional relationships. Starwood's decision to partner with Trez Capital reflects the strength of our team, our origination capabilities and our expertise in this sector. This will deliver additional institutional depth and enhanced financing capabilities, while supporting stronger returns and liquidity for our investors."

About Starwood Capital Group

Starwood Capital Group is a private investment firm with a core focus on real assets globally. Since its inception in 1991, Starwood Capital Group has raised over $95 billion of capital and currently has over $130 billion of assets under management. The firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. In June 2026, Starwood held the final closing of Starwood Distressed Opportunity Fund XIII (SOF XIII), its latest opportunistic real estate fund, with capital commitments in excess of $10.2 billion from more than 300 investors across approximately 20 countries.

Starwood Capital's other affiliates include: Highmark Residential, a property management company; Starwood Digital Ventures, a platform dedicated to the firm's data center investment strategy; Starwood Hotels, a hotel brand management team; Essex Title, a title agent for one or more underwriters in issuing title policies and/or providing support services; and Starwood Oil & Gas, which seeks to capitalize on conventional and unconventional North American assets.

Additional information can be found at www.starwoodcapital.com.

About Trez Capital

Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt and equity financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured mortgage investment funds, syndication offerings and real estate joint-venture investments; and provides property developers with quick approvals on flexible short- to mid-term financing. 

With offices across North America, Trez Corporate Group has over C$4.7* billion in assets under management and has funded over 1,800 transactions totaling more than C$23 billion since inception. For more information, visit www.trezcapital.com. (*As at Q2 2026, Trez Corporate Group AUM includes assets held by all Trez-related entities).

Media Contacts:

Starwood Capital Group:
Dana Gorman / Mallory Griffin
H/Advisors – U.S.
[email protected] / [email protected]
212.371.5999

Trez Capital:
[email protected] 

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation. All statements, other than statements of historical fact, included in this news release are forward-looking statements, including, without limitation, statements regarding the strategic partnership between Starwood Capital and Trez Capital and its expected benefits; the expected seeding of the initial portfolio with US$450 million of residential land acquisition and development loans; the targeted annual originations of more than US$1 billion; the expected expansion of Trez Capital's lending capacity and the scaling of its residential land development financing platform; the ability of the parties to capitalize on structural housing supply imbalances and continued residential demand across the U.S.; and the expected impact of the partnership on Trez Capital's institutional relationships, financing capabilities and returns and liquidity for its investors.

Forward-looking statements are often, but not always, identified by words or phrases such as "expects", "is expected", "anticipates", "believes", "plans", "projects", "estimates", "intends", "strategies", "targets", "goals", "objectives", "potential" or variations thereof, or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements are based on the opinions, assumptions, factors and estimates of management considered reasonable at the date the statements are made, which may prove to be incorrect, including, but not limited to: that the parties will perform their respective obligations under the strategic partnership; that suitable residential land acquisition and development loan opportunities will be available on acceptable terms; that Starwood Capital will provide capital to the partnership as anticipated; the state of the U.S. residential real estate, land development and credit markets; interest rates; housing demand and population and employment growth in Trez Capital's target markets; and other financial market, economic and regulatory factors.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, including, without limitation, changes in general economic and real estate market conditions, borrower defaults, competition for lending opportunities, and changes in applicable laws and regulations. Forward-looking statements are provided herein for the purpose of giving information about the strategic partnership and its expected impact, and readers are cautioned that such information may not be appropriate for other purposes. Although Trez Capital has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and, accordingly, readers are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release and, except as required by applicable law, Trez Capital undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Starwood Capital Group