Legacy Partners, a leading owner, developer, and manager of multifamily housing, is entering the build-to-rent (BTR) sector. The firm is partnering with The Resmark Cos. to develop two single-family communities in the suburbs of North Dallas.
Construction is underway for Highland, which will include 133 homes in Melissa in Collin County, and Oak Grove, which will comprise 134 homes in Audrey in Denton County. Completion is anticipated in late 2025.
Matt Brendel, executive managing director at Legacy, says while the firm has historically developed multifamily properties, it decided to pivot to the single-family BTR space after recognizing the need to accommodate families who are seeking this lifestyle.
“We’re bullish on all rental housing—both traditional multifamily and BTR because single-family rental is helping fulfill a need for housing at a time when the cost of home ownership continues to be a challenge,” says Brendel. “We are providing another solution to help solve the housing shortage for those desiring the lifestyle of a single-family neighborhood with the tremendous advantage of enjoying the amenities and a level of service you would expect from a Legacy Partners community. In response to the high level of demand, we are continuing to actively evaluate opportunities in all Texas and Florida markets.”
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