Hillwood Communities, a Perot company that specializes in creating masterplanned developments, just announced an investment in SouthStar Communities’ existing holdings of residential communities in Texas and Georgia, including Mission del Lago, the fastest-growing community in its price point in the hot San Antonio market. SouthStar will continue to manage the operations and development of the community.
“Hillwood Communities represents the pinnacle of masterplanned community developers,” said SouthStar Communities’ COO, Thad Rutherford. “We’ve long shared the same commitment to delivering well-planned lifestyle communities. This new venture combines SouthStar’s legacy as a community developer, marketer and operator with Hillwood Communities’ unparalleled expertise in the residential community development.”
The companies have previously worked together on several masterplanned communities and are enthusiastic about continuing their successful partnership.
“SouthStar is a quality developer and has been operating these assets successfully for years,” said Danny Ellis, Vice President of Hillwood Communities. “We have the exciting opportunity to continue our strategy of investing with other first-class residential developers who have a history of successful operations and developments. We look forward to combining our expertise to develop these great communities and grow this relationship.”
About SouthStar Communities
SouthStar Communities is a nationally-recognized real estate investment, development and management firm headquartered in Austin, Texas, providing convenient access to the Mission del Lago community. SouthStar invests in and develops properties for its own account and in partnership with institutional and high-net-worth investors, and provides services to third-party clients including acquisition, entitlements, planning and development, project management, design oversight, marketing and branding strategy, and asset management. Originally founded in Coral Gables, Florida in 1989, SouthStar has developed over 30,000 acres in 30 communities across the Southern United States. For more information, visit www.SouthStarCommunities.com.
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master-planned communities, and is best known for its Alliance brand, featuring the 18,000-acre AllianceTexas, 2,000-acre AllianceCalifornia and 4,474-acre AllianceFlorida. Its founding project, AllianceTexas, has been hailed as one of the best mixed-use developments in the world, generating more than 40,000 jobs and $55 billion in local economic impact to date. Visit www.HillwoodCommunities.com for more information.
About Mission del Lago
San Antonio is one of the best-performing cities in the nation, with FORTUNE recognizing it as the No. 5 “Hottest Real Estate Market of 2016” and a “Best Buy City.” It’s also been called one the of the best places to live in the nation. The job market is consistently strong, with several large employers like the Toyota plant concentrated on the Southside. The area on the South side of town continues its revitalization with new businesses and infrastructure, especially in and around Brooks City Base, and favorite recreational opportunities like the seven-mile Mission Reach, which connects four of San Antonio’s Spanish Colonial Missions.
Real estate sales also continue to impress throughout San Antonio, and Mission del Lago is among the most popular choices in the MSA. Home prices in San Antonio are up overall and have risen by $20,000 at Mission del Lago in the past year, with additional gains predicted thanks to strong sales trends. Still, prices at this Southside new home community remain some of the most affordable in the city, with some comparable to new apartments being built on the Southside.
Mission del Lago’s new homes in San Antonio offer all the space, amenities, and features homebuyers are looking for, with the quality that leading builders D.R Horton and Lennar Homes can deliver. Homebuyers love the modern floorplans, desirable features, community amenities including the Mission del Lago Golf Course, on-site schools and parks, and convenient, yet private and serene location.
For more information about buying a new home in San Antonio, visit Mission del Lago. You can also click below to view move-in ready homes.