Foremost Communities Inc. Land Development

Foremost Communities, LLC, is a premier land development company established to acquire undeveloped property in strategic locations that can be entitled and developed into finished lots for sale to merchant homebuilders.

Foremost has entered into a joint venture with a controlled affiliate of Starwood Capital Group Global, LLC, to create Forestar Land Partners, LLC. As the sole financial partner, Starwood is providing an initial $100 million of equity that with modest leverage will provide the venture with the purchasing power of at least $250 million. Foremost holds a general contractor’s license and will serve as the development manager for the projects.

Properties in Southern California from San Diego to Bakersfield to the Inland Empire are the primary interests of Forestar Land Partners. The partnership is seeking raw land, brownfields or urban redevelopment opportunities at any stage of the entitlement process that can eventually accommodate anywhere from 200 lots to large master plan communities.

Forestar’s plan is to develop communities for single-family or multi-family homes that may include commercial elements. It will complete entitlement, create the infrastructure and install utilities, then offer finished lots to builders.

Starwood Capital Group is one of the nation's most active and successful real estate investment firms, having acquired a highly diversified portfolio totaling more than $14.0 billion in real estate assets. The firm selected Foremost Communities as its partner in Southern California because of Cameron’s acumen, reputation and connections in the region’s real estate industry.

Forestar Land Partners, LLC, is a joint venture between Foremost Communities, Inc., a residential land development company formed by building industry veteran Steve Cameron, and leading real estate investment firm Starwood Capital Group Global, L.L.C.

Forestar plans to take advantage of current and future residential land opportunities by acquiring undeveloped property in strategic locations that can be entitled and developed into finished lots for sale to homebuilders. A controlled affiliate of Starwood Capital Group is providing an initial $100 million of equity that with modest leverage will provide the venture with the purchasing power of at least $250 million.

Forestar’s goal is to develop communities for single-family homes that may include commercial and multi-family components, as long as the primary purpose will be residential. It will complete entitlement, create the infrastructure and install utilities, then offer finished lots to builders.

Starwood Capital Group is one of the nation's most active and successful real estate investment firms, having acquired a highly diversified portfolio totaling more than $14.0 billion in real estate assets. The firm selected Foremost Communities as its partner in Southern California because of Cameron’s acumen, reputation and connections in the region’s real estate industry.

STEVE CAMERON, PRESIDENT

Steve Cameron, president and founder of Foremost Communities, has more than 20 years of experience in Southern California real estate development and financing. As a former top executive at Fieldstone Communities Inc., Cameron been closely involved in every aspect of the real estate industry from financing and acquisition to master plan development to the sales and marketing of new homes.

Cameron is responsible for providing leadership and establishing a strategy for the company and Forestar Land Partners, its joint financing venture with Starwood Capital Group. He will identify promising land opportunities, supervise the acquisition, lead entitlement teams and manage the development from groundbreaking to finished lots.

Prior to forming Foremost Communities, Cameron was the chief operating officer of Fieldstone Communities, a private residential builder of more than 20,000 homes, which is based in Newport Beach, Calif. Cameron had been associated with The Fieldstone Group of Companies since 1990, serving as treasurer, project manager and division president. Prior to Fieldstone, he worked as an associate director at Continental Bank in Chicago in the bank’s real estate capital markets group.

Cameron is well known and respected in the local building industry, where he has developed a strong reputation for integrity and community involvement. He is past president of the Orange County Chapter of the Building Industry Association and has served on the board of directors for non-profit organizations including the Fender Museum of Music and the Arts in Corona and Casa Teresa in Orange, Calif.

He earned a Bachelor of Science degree at Hope College in Holland, Mich., and his master's degree at the Kellogg Graduate School of Management at Northwestern University.

Cameron lives in Newport Beach, Calif., with his wife, Suzanne and their five children.