Landmark Properties broke ground on a build-to-rent community in the Houston suburb of Spring.
The Everstead at Windrose is the second build-to-rent community for the real estate firm. The development is expected to be completed in 2024 and is part of a Landmark partnership with Principal Real Estate Investors.
“Landmark is excited to kick off our partnership with Principal, and we look forward to developing a first-class neighborhood with The Everstead at Windrose,” said Wes Rogers, President and CEO of properties at Landmark. “With nearly 30 BTR projects in the pipeline, our fully-integrated platform is well-positioned to quickly expand our single-family rental portfolio despite the distress in capital markets.”
The gated community will contain 194 townhouses, cottages and single-family homes. It will also include amenities such as a pool, fitness center, dog park, coffee bar, hammock garden, playground and other recreational areas. Additionally, the project is expected to earn the National Green Building Standard Bronze Certification due to its sustainable features.
“The neighborhood where The Everstead at Windrose is being developed is near a master-planned community with single-family homes, award-winning schools and attractive retail amenities,” said Blair Sweeney, managing director of development for Landmark’s BTR division. “We are excited to provide residents and their families an opportunity to live in a single-family style home in a compelling location while enjoying amenities and service typical of a condominium community.”