Greystar expands build-to-rent vertical in Houston area
Greystar Real Estate Partners announced the groundbreaking of Summerwell Sunterra, a build-to-rent (BTR) single-family rental community in Katy, Texas, a suburb in the Houston area.
Summerwell is Greystar's dedicated BTR platform focused on developing purpose-built single-family rental communities across the United States. This approach to BTR adds single-family housing supply while striving to deliver efficient and scalable communities in target markets that need this product most.
Located in the Sunterra Master Planned Community north of Interstate 10 and west of the Grand Parkway, and in one of the top school districts in the Houston area, Summerwell Sunterra will consist of 156 homes, with a mix of three- and four-bedroom detached homes and townhomes. Residents will have access to the community's amenities, including the Crystal Lagoon, clubhouse and patio, fitness and event lawns, pool and lazy river, playground, park, tennis courts and more.