HOUSTON – (Realty News Report)– Balcara at Balmoral, part of a national trend igniting construction of single-family rental homes, is nearing completion in the Humble area on the northeast side of Houston.
Pre-leasing for the 163-home Balcara at Balmoral property commenced this week and initial occupancy is planned for March 1.
During the pandemic, a growing number of builders around the nation have focused on single-family rental properties which seem to fit the era of social distancing. The single-family rentals give families the ability to enjoy more space and backyards.
“We are very excited to have developed one of the first planned single-family home rental neighborhoods in the Houston area and are elated to open the neighborhood to residents at rental rates comparable to area apartments, but with unique features such as attached two-car garages, private backyards and access to Texas’ first crystal clear lagoon,” said Paul Davey, Chief Executive Officer of Houston-based Balcara Group. “We are now replicating the success of Balcara at Balmoral in other leading communities in Texas and Florida. In 2021, we expect to add additional properties to our portfolio based on our robust pipeline.”
All of the Balcara homes include two-car attached garages, private backyards, Ring video doorbells and standard interior features such as 9-foot ceilings, stainless steel kitchen appliances, quartz countertops, wood plank-inspired flooring and spa-like bathrooms with double vanities.
The neighborhood is zoned to Groves Elementary School, West Lake Middle School, and Summer Creek High School. The community, which offers 24-hour maintenance, is professionally leased and managed by Bell Partners Inc., one of the nation’s leading apartment investment and management companies.
The community is north of Beltway 8 near Atascocita and The Groves
Ed Steffelin, Chief Investment Officer of Balcara Group, says, “We have a longstanding and honored relationship with Land Tejas, developer of Balmoral, and are appreciative of the opportunity to be part of the broader Balmoral and Humble community.”
Dec. 18, 2020 Realty News Report Copyright 2020
File: Balcara Group Constructing Single-Family Rentals