HOUSTON – (Realty News Report) – Wan Bridge a Texas-based builder and operator of build-to-rent (BTR) communities, is developing the Enclave at Mason Creek, a residential project with 192 townhomes near the Energy Corridor.
The new, gated community, at the intersection of Merchants Way, N Mason Road and Interstate 10, will complete the townhomes in 2023.
The Build-To-Rent Boom
This announcement follows Wan Bridge’s recent grand openings in Texas: The Residences at Rayzor Ranch, a new community in Denton, and at Pradera Oaks, a community in Bonney. Earlier this year, the company announced its partnership with Land Tejas to develop 1,000 build-to-rent units in Texas.
BMO Harris Bank is providing financing for the Enclave at Mason Creek townhome project. Wan Bridge acquired the 13.2-acre development site from Rocky Lai, a long-time Houston real estate investor and land developer.
“With this being a prime location for Katy-based employees, our contemporary design elements, open-concept floorplans and great atmosphere make it truly a perfect place for a home,” said Ting Qiao, CEO of Wan Bridge, which is active in Houston, Dallas and Austin.
Millennial families make up a large portion of Wan Bridge’s tenants who reside in the builder’s rapidly expanding portfolio of new single-family homes, duplexes, triplexes, upscale patio homes, townhomes and other rental dwellings.
The Wan Bridge firm has been expanding rapidly in the build-to-rent sector. Wan Bridge CEO Ting Qiao was born in Beijing and he has worked in the upscale condominium business in Asia. And US real estate has been very appealing to international investors in recent years.
“Our business starts from international investors,” Qiao told Realty News Report last year. “Three years ago, no institutional investors understood the nature of this (BTR) business. They were asking questions like, ‘Is it multi-family?’ We saw a huge demand from people who want to have another option besides buying in order to live in new homes. They want this kind of flexibility. At the same time, we saw a huge demand from international ambassadors to have tangible assets in US. We bridge the demands.”
What is the origin of the “Wan Bridge” name?
“The name Wan Bridge comes from Mr. Bin Wan, one of co-founders and the name Bridge comes from another partner called Bridge Tower, so we combined,” Qiao said.
July 22, 2022 Realty News Report Copyright 2022
File: Wan Bridge Starts 192 Townhomes
Rendering: Courtesy Wan Bridge
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File: Build-To-Rent. Wan Bridge Starts 192 Townhomes. Ting Qiao