Wan Bridge, a Texas-based builder and operator of build-to-rent (BTR) communities, and Land Tejas announced an expansion pipeline of more than 1,000 additional BTR units throughout the state of Texas, starting in the North Houston community Balmoral.
Following the 2021 completion of Wan Bridge’s Clearwater at Balmoral, a 94-townhome unit community located within the existing development, the company solidified a new partnership with Land Tejas to lease out an additional 200 lots under the company’s BTR model.
“The BTR model of real estate has found a thriving home in Texas, and we are eager to continue expanding our footprint across the Lone Star State, starting at Balmoral,” says Ting Qiao, CEO of Wan Bridge. “Land Tejas’ endorsement and trust in our BTR model demonstrates that our product has a place in master-planned communities, so together we can offer residents the best of our company’s signature products.”
Clearwater at Balmoral, which was announced in August 2020 and completed in July 2021, will now feature two additional sections. The new three- and four-bedroom townhomes will range between 1,400 and 1,800 square feet. The homes also will feature 10-foot ceilings, open floor plans, oversized countertops, and walk-in pantries and closets.
“Pushing the boundaries of real estate in Texas and shaking the traditional model to its core has been a Land Tejas goal since we started building communities, and Ting and his team have uniquely complemented our Balmoral project,” says Uri Man, executive vice president of Land Tejas. “The build-for-rent model, especially higher-end luxury product like the Wan Bridge product, is an important asset to master-planned communities because it gives renters the opportunity to experience the community and potentially become homeowners in the future.”
