Latest Houston BTR Project Marks Nearly 10,000 Units

Nearly 10,000 renters are choosing the build-to-rent option in the Houston area, according to John Burns Research and Consulting. The Houston Chronicle reports the latest is a 114-unit community opening south of Houston, in Rosharon. The Balcara at Meridiana, built by Balcara Group about 25 miles south of Houston, is near Highway 288 and County Road 56 in Rosharon, about five miles from Manvel.

Rents start at $2,450 after various specials the landlord is offering; without discounts, rents will range $2,795 to $2,995. The average lease price for a single-family home in Houston was $2,207 in December.

The community includes three- and four-bedroom houses of 1,700 square feet to 1,770 square feet. Every home has a fenced backyard and two-car garage.

Residents also will have access to an amenity center featuring a fitness center, billiard room, children’s playroom, pool, playground and dog park. Real estate firm Greystar will manage the community. 

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.