Tuesday, July 1, 2008

Starwood Land Ventures Adds West Region President to Oversee Expansion

SARASOTA, Fla., July 1 /PRNewswire/ -- Starwood Land Ventures, LLC
continues to expand its nationwide presence with the addition of West
Region President, Michael R. Forsum. Based from the company's newly opened
Phoenix office, Forsum will oversee Starwood Land's expanding operations in
the west.

"Mike is an extremely entrepreneurial and versatile professional whose
vast network of relationships and deep residential land investment
experience will be invaluable to the company as we grow our presence in
several key western markets," said John Peshkin, CEO of Starwood Land
Ventures. "I am exceedingly pleased to welcome Mike to our team."

In his new role, Forsum will build Starwood Land's team in Phoenix,
establish joint venture partnerships in the Las Vegas and Denver markets,
and be responsible for existing relationships in both Northern and Southern
California.

Forsum's western residential development experience stems from Taylor
Morrison (formerly Taylor Woodrow), where he headed the company's western
region for seven years. During his tenure, he was responsible for the
company's operations in Arizona, California and Colorado and was credited
with streamlining the luxury homebuilder's western operations and
repositioning its products. Forsum has also held division president roles
with KB Home and Ryland Homes.

Forsum, who currently serves on the boards of HomeAid America and the
Orange County Council of the Boy Scouts of America, received a bachelor's
degree in business administration from Arizona State University and holds a
California contractor's license.

About Starwood Land Ventures, LLC

Starwood Land Ventures, LLC is a Sarasota, FL-based residential real
estate investment firm focused on land acquisition, development and
financing nationwide. The firm is a controlled affiliate of Greenwich,
CT-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 http://www.starwoodland.com



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[Via Real Estate Newswire]

Опубліковано prolink о 8:51 AM

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