Land Tejas, Wan Bridge Expand Build-to-Rent Program

Posted on Thursday, March 10, 2022

Land Tejas has partnered with Wan Bridge to expand the build-to rent (BTR) program in Balmoral — a partnership expected to develop a pipeline of more than 1,000 BTR units across Texas.

Wan Bridge, a Texas-based builder and operator of BTR communities will build and lease 200 additional townhomes for rent in in Clearwater at Balmoral.

Four designs are available for the three- and four-bedroom townhomes. Ranging from 1,400 to 1,800 square feet, homes will boast 10-foot ceilings, open floor plans, oversized countertops, walk-in pantries and closets, energy-efficient appliances, laminate wood floors and two-car garages. Some units will overlook the Balmoral lagoon.

Homes will be professionally managed by TBD Management. Renters will receive complimentary lawn service and pest control as well as 24-hour maintenance, five-star service and a professional management team.

Wan Bridge is slated to conclude work on the new townhomes in 2023. Rents are expected to start at $2,200 per month depending on market conditions.

Build-to-rent homes differ from other rental properties in that they are built from the ground up in desirable communities. Unlike other rental properties owned by a single landlord, BTR homes are professionally managed and offer hassle-free living as renters do not have to worry about lawn care or home maintenance.

Millennials are a driving force behind the surge in popularity. Many have started families and are looking for larger homes in the suburbs but cannot afford the down payment needed to purchase.

Leasing a home in a community such as Balmoral offers the benefits of home ownership at a lower cost. Families have room to spread out, send their children to good schools and access to the master-planned community’s extensive suite of amenities.

Land Tejas looks forward to welcoming new residents who will be able to call our communities home without owning a home in them.