HOUSTON – (Realty News Report) – The Dinerstein Companies, a Houston-based multifamily developer has broken ground on a single-family build-to-rent community in suburban Houston, spearheading the firm launch into the single-family sector.
Building single-family homes with fenced backyards, the rental homes are one of the hottest residential sectors in the nation’s housing industrial.
Dinerstein Companies is branding the effort “Inspire Homes.”
The first Inspire Homes rental properties in the Houston area are being developed by Dinerstein on Highway 6 in Missouri City on the southwest side of Houston. Another Inspire Homes project is under construction in Florida.
“We are proud to share that we have entered the build-to-rent space with a new brand and product,” said Brad Dinerstein, Managing Partner of Development and Design at The Dinerstein Companies. “The build-to-rent fundamentals have been phenomenal and single-family build-to-rent has continued to prove itself as a solid niche with real runway and longevity within the rental housing market.”
“With increased renter demand, we believe the build-to-rent sector will evolve and remain strong as homeownership continues to be a challenge for more and more people,” said Dinerstein. “As migration from dense, coastal markets to smaller, less expensive metros continues, we look forward to identifying attractive opportunities across the sunbelt while focusing on growth within our core markets like Central Florida, Phoenix MSA, and throughout Texas.”
The Houston BTR Project
The 36-acre development in Missouri City, at 10050 Highway 6, includes 186 single-family build-to-rent homes with front yards, oversized fenced backyards and attached two car garages. The community offers three different floor plans, ranging from 1,114-SF two-bedroom two-bath homes to three-bedroom two and a half bath homes ranging from 1,362-SF to 1,374-SF.
The Orlando Project
Spanning 18.7 acres and located at 5727 East County Road 462 in Wildwood, FL, 51 miles from Orlando MSA, Inspire Homes’ Wildwood development is a build-to-rent duplex community featuring 192 homes with fenced backyards and detached garage parking. The community offers one-bedroom, two-bedroom and three-bedroom layouts ranging from 685-SF to 1,445-SF.
Both projects are scheduled to be completed mid-fall 2024 with initial occupancy beginning in spring 2023.
The Dinerstein Companies was founded in 1955. has developed over 80,000 multi-family apartments and 44,000 student housing beds across the country.
Jan. 13, 2023, Copyright 2023, Realty News Report
Rendering: Courtesy Dinerstein
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