Owners of Sterling Ranch welcome Hearthstone as new partner to recapitalize thriving community.
The Smethills family began working on Sterling Ranch with Joy Burns in 2001. Today marks a new chapter.
Sterling Ranch, CO (June 27, 2022) – Joy Resides Here. After over twenty one years, the Smethills family is pleased to welcome Hearthstone as their financial partner to recapitalize the thriving master planned community.
The Smethills family will continue to be an owner, the manager, and continue their vision of Sterling Ranch, as they have always done.
Brock Smethills, President of Sterling Ranch Development Company stated:”We have known Hearthstone for many years, and they bring an unparalleled national residential real-estate experience and perspective. Hearthstone’s multi-billion-dollar financial capability will bring added capital that will continue to establish Sterling Ranch as the preeminent Denver community well into the future. Hearthstone believes in and supports our focus on delivering a sustainable lifestyle that is based on the values of joy, family, wellness, and stewardship. Sterling Ranch continues to embody stewardship and sustainability into the overall plan for the community.”
Mark Porath, Hearthstone CEO, stated:
“We are proud to be a part of Sterling Ranch, a leading planned community in one of the best real-estate markets in America. The Smethills family has created an authentic Colorado community rooted in the Colorado lifestyle for thousands of existing and future residents. Our goal is to help them continue to innovate and grow their market share in a responsible manner.”
Hearthstone is the leading private investment partner in for-sale housing in America with an uncompromising commitment to excellence, innovation, and integrity. Hearthstone’s primary business is managing institutional capital in their investment in residential housing, in select target markets, and has invested over $16.5 billion into this sector.
Sterling Ranch is one of the Top 50 Master Planned Communities in the nation (ranked number 46 in 2021 by John Burns). Sterling Ranch has set the standard for Colorado in water sustainability and is Colorado’s only rainwater harvesting community.
Sterling Ranch is rooted in Colorado families. The original 2,200 acres that comprise the majority of Sterling Ranch were owned by Frank and Joy Burns. The Burns family was a prominent business and philanthropic Colorado family leaving their mark on our state everywhere they went (including the University of Denver’s ‘Burn’s School of Real Estate”). Subsequently, Harold and Diane Smethills, both multi generation Colorado natives, were inspired to bring Sterling Ranch to life as a legacy project for present and future Coloradan generations to enjoy. With their extensive experience in real estate, water, and business, they acquired a location that truly embodies what it means to live in Colorado. They are now leaving that legacy to their son Brock as he continues to sustain the original vision and lead Sterling Ranch’s development into the future.
The Sterling Ranch community thrives on:
- State-of-the-art technologies
- A mindful approach to sustainable resources
- Ultimately, 30 miles of interconnected trails that traverse the beautiful community
- Majestic mountain views
- 12,050 residential units, retail, future schools, and amenity centers
- Nine unique villages and a future town center
- Living in harmony with nature and technology
- Sustainable water consumption and a renewable energy plan
More information regarding Sterling Ranch is available at www.sterlingranchcolorado.com.