Real-Estate Company Seeks to Expand Market Presence
HOUSTON – Hillwood Communities, a Perot company, announced today the appointment of real estate industry veteran Russell (Russ) Bynum as general manager for its Houston region.
Russ, a civil engineer who earned a master’s degree in business administration from the University of Houston, has a background in acquisitions, land development, project management, contract negotiations, third-party coordination, agency consultation and financial analysis.
Russ, most recently vice president of land development with homebuilder Taylor Morrison, will oversee Hillwood’s master-planned community projects, as well as future acquisitions and developments in Houston.
Hillwood’s latest project in Houston is Pomona, another LiveSmart community that focuses on Lifestyle, Healthy Living, Education, Environmental Stewardship and Technology. The 1,000- acre development is conserving 300 acres, which will be devoted to green space and running trails. The home prices range from the $360s to $600s. Resort-style amenities, including pools, a playground and open-air cabanas, will be ready this fall.
Pomona will also offer a “Fish Camp,” a fishing pier on the lake that will offer catch-and-release fishing for its residents.
“Russell’s wealth of knowledge and experience in land development is a huge plus for our team as we grow our business in Houston and establish our brand of LiveSmart master-planned communities in this market,” said Fred Balda, president of Hillwood Communities.
Hillwood, a Perot company, is a premier commercial and residential real estate developer, investor and advisor of properties throughout North America and Europe. With a diverse portfolio of properties and home to many of the world’s leading companies, Hillwood is committed to bringing long-term value to our customers, partners and the communities we serve.
Hillwood 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. Outside of AllianceTexas, Hillwood Investment Properties is focused on institutional-grade industrial/logistics properties and has developed and acquired more than 84 million square feet in North America and Europe.
Through its Communities division, Hillwood has delivered more than 24,000 single-family lots in 80 master planned communities. From single-family homes to high-end luxury vacation residences, Hillwood’s residential communities embrace the company’s LiveSmart principles, creating a sense of community while integrating technology, healthy living, environmental stewardship and education.
Hillwood also served as the lead developer of marquee projects nationwide, from the Air Force Memorial in Washington, to the Perot Museum of Nature and Science and the American Airlines sports arena in Dallas. For information, please visit www.hillwood.com.