HOUSTON – (Realty News Report) Balcara at Balmoral, part of a national wave driving construction of single-family rental homes, is nearing completion in the Humble area on Houston’s northeast side.
Pre-leasing for the 163-home Balcara at Balmoral community began this week, with initial move-ins scheduled to start on March 1.
During the pandemic, a growing number of builders nationwide have focused on single-family rental properties, which appeal to families seeking more space and private outdoor areas. These homes have become popular for those who want the benefits of a single-family house—such as yards and greater separation—while retaining rental flexibility.
“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.”
Every Balcara home features a two-car attached garage, a private backyard, a Ring video doorbell, 9-foot ceilings, stainless steel kitchen appliances, quartz countertops, wood plank–style 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 professionally leased and managed community offers 24-hour maintenance and is managed by Bell Partners Inc., one of the nation’s leading apartment investment and management firms.
Located north of Beltway 8 near Atascocita and The Groves, Balcara at Balmoral sits within the larger Balmoral master-planned development.
Ed Steffelin, Chief Investment Officer of Balcara Group, said, “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