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n a major real estate deal, seven master-planned communities in the Dallas-Fort Worth area have been sold to a joint venture between Miami-based Starwood Capital Group and an affiliate of Land Strategies Management. The $800 million transaction, announced April 4 by the Dallas Business Journal, includes Furst Ranch, a luxury development in Denton County.

    Furst Ranch, situated between Flower Mound, Bartonville, and Argyle, is one of the region's most ambitious projects, featuring approximately 1,300 high-end homes with prices ranging from $800,000 to over $2.5 million. The community boasts an "advanced stage" of development, with construction-ready lots available.

    The sale reflects growing demand for residential housing in high-growth areas like Denton County, where Flower Mound and its surrounding communities are attracting homebuyers with strong schools, natural beauty, and access to the greater DFW Metroplex. The joint venture plans to build upon the existing development vision, bringing Furst Ranch and other acquired communities to fruition.

    Starwood Capital Group, founded in 1991, has a global portfolio of over $109 billion in real estate assets, with a focus on residential, hospitality, and commercial properties. With this acquisition, the company continues its expansion into Texas, where it sees significant potential for growth in high-demand areas like Denton County.