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Land Banking & Development Capitalization: How the Capital Stack Is Changing

  • Kimley-Horn - #105 11700 Katy Freeway Houston, Texas, 77079 United States (map)

Join us on September 16, 2026, from 11:00 AM – 1:00 PM (CT) for a Lunch & Learn hosted by Kimley-Horn.

This session, “Land Banking & Development Capitalization: How the Capital Stack Is Changing,” will feature Dustin Moudy, VP, Finance at Connor Investment Real Estate LLC, and will explore how residential development projects are being capitalized beyond traditional A&D debt and equity.

The discussion will examine how passive land banking and other alternative capital sources can help developers phase acquisitions, preserve equity, manage risk, and improve capital efficiency. Using real Houston-area projects, Dustin will discuss how land banking works, where it fits within the development capital stack, how entitlement work creates value, and what developers, lenders, and homebuilders should consider when structuring phased takedowns.

Attendees will gain insight into:

  • How today’s development capital stack is evolving

  • How passive land banking works from acquisition through phased takedown

  • Benefits and considerations for developers, A&D lenders, and homebuilders

  • How entitlements, project phasing, and capital timing affect value and risk

  • Practical lessons from Houston-area land banking projects

Dustin is a Houston-based finance and real estate executive with 25 years of experience, including senior roles with Connor Investment Real Estate, Zonda, John Burns Research & Consulting, and Senterra Real Estate Group.

This session is designed to provide valuable perspective for developers, homebuilders, lenders, investors, finance professionals, and land professionals navigating the evolving development capital landscape.

Lunch Provided. RSVP Required.

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1,100+ Districts Strong: How Water Districts Power Texas Development

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October 16

Beyond the Bank: Leveraging Municipal Products in the Capital Stack