PCCP to Head Up a BTR Community Outside Houston

Los Angeles-based PCCP will develop Meadows at Telge, a 195-unit build-to-rent (BTR) residential community that will be located on the northwestern outskirts of Houston, in Cypress. The 44-acre site will house three- and four-bedroom homes that will be furnished with stainless steel appliances, granite countertops, tile backsplashes and individual washers and dryers.

Communal amenities will include a pool, leasing office, dog park, grilling and dining stations and a playground. PCCP has partnered with homebuilder ICB on the project, construction of which is expected to last two to three years. It’s PCCP first go at the BTR product.

Last year, PCCP and the California State Teachers Retirement System formed a joint venture to assemble a $1 billion fund to invest in build-to-rent properties.