AUSTIN, Texas--(BUSINESS WIRE)--SouthStar Communities announced today it is moving its corporate headquarters to Austin, Texas. The residential real estate development company, who has master-planned communities throughout the Southern U.S., is relocating its team to Austin to position itself near the explosive residential growth the company is experiencing in Austin and The Hill Country.
“With Austin’s new housing starts up 38% in the last year, the need for more land sales and new communities in the area has reached a critical level”
“As SouthStar continues to expand its real estate portfolio, we want to be more centrally located to our best-selling markets and where more growth is anticipated,” said Thad Rutherford, Senior Vice President of SouthStar Communities. “Clearly, all indicators point toward Austin, San Antonio and The Hill Country, and we’ve already had tremendous success at Vintage Oaks and Havenwood in New Braunfels.”
SouthStar’s Vintage Oaks community is the fastest growing neighborhood in the Hill Country and has had the largest number of sales and housing starts in New Braunfels in 2013.
“With Austin’s new housing starts up 38% in the last year, the need for more land sales and new communities in the area has reached a critical level,” said Randall Allsup with Metrostudy. “SouthStar is well positioned to capitalize on this demand and its premier neighborhoods, Vintage Oaks and Havenwood, are top sellers in the market.”
The new office is located near Highway 360 and Bee Cave.
SouthStar currently has residential communities near Dallas, Fort Worth, New Braunfels and Bryan-College Station. Vintage Oaks is a 3,300-acre community in the Texas Hill Country, King Oaks is a 950-acre custom home community just four miles from Bryan-College Station and Lake Ridge, located at Joe Pool Lake in Dallas, spans more than 3,000 acres of custom homes with everything from hilltop, lake view, wooded and pond front properties available.
SouthStar's team has a proven track record of creating quality communities and a commitment to managed growth. The leadership team has more than 100 years of real estate development experience in project analysis, financing, acquisition, planning, marketing, development, construction, sales and operations.
About SouthStar Communities:
SouthStar Communities is a fully integrated real estate investment, development and management firm focused on the residential marketplace. Based in Austin Texas, SouthStar has been creating healthy communities and a legacy of success throughout the Southern United States for a generation. Since its inception in 1999, SouthStar has acquired and developed residential assets valued in excess of $2.5 billion. The company continues to seek opportunities to leverage its experienced team and processes to deliver great experiences for owners and strong financial results for its portfolio partners. For more information, visit www.southstarcommunities.com.