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Christopher Todd Picks Up First Texas BTR Community
Christopher Todd Capital has acquired The Cottage Green, a 314-unit single-family rental asset in Conroe. It’s the company’s first BTR acquisition in Texas. HMF Americana was the seller.
Commercial Edge reports that in 2022, a private lender provided construction debt amounting to $43.1 million. Palmetto MDR partnered with HMF for The Cottage Green’s development process, and the community debuted this year.
To be renamed Cottage Living, the community’s floorplans feature one- to three-bedroom layouts ranging between 644 and 1,269 square feet. Amenities comprise two lakes, walking trails, a beach club, a swimming pool, a gym, EV charging stations, as well as a clubhouse and conference room, among others. Willow Bridge, a property management company, will serve as the built-to-rent operator for the community, which is located on 40 acres at 15770 Old Conroe Road. Downtown Houston is roughly 40 miles southeast, while Interstate 45 can be found some 8 miles east.
