Croatan Investments, a rental housing investment manager for private wealth and institutional capital, has made a preferred equity investment in District West, a 117-unit build-to-rent project in Houston.
Located in Richmond, Texas, District West will accommodate the rapidly growing population of the Houston metro area. The community will host 117 detached homes with an average size of 1,679 square feet and offer tenants the best of single-family living along with the flexibility and convenience of rental housing.
Each home will feature a two-car garage and private backyard or patio. The gated community will have resort-style amenities, including a swimming pool, community center and dog parks. To execute on the investment, Croatan is partnering with a seasoned developer of condos and single-family homes in the Houston market.
“At Croatan, we’re excited to be a part of the growing build-to-rent segment,” said Paul Van, CEO of Croatan. “As homeownership c
