Landmark Real Estate announces the commencement of construction of its second block of construction for rent in Spring, Texas

The Everstead in Windrose due for delivery in 2024

Athena, JA.And the October 52022 /PRNewswire/ — Landmark Properties, an integrated real estate firm specializing in the development, construction, investment management and operation of high-quality residential communities, announces the launch of the second time of its Build to Rent (BTR) division focusing on single-family rental residential neighborhoods. Construction is scheduled to begin in October at Everstead in Windows in Spring, Texas. The project will be pursued in partnership with major real estate investors.

“Landmark is pleased to begin our partnership with Principal, and we look forward to developing a first class neighborhood with The Everstead in Windrose,” said Landmark Properties President and CEO. Wes Rogers. “With nearly 30 BTR projects in the pipeline, our fully integrated platform is well positioned to rapidly expand our single-family rental portfolio despite the tightness in the capital markets.”

Everstead in Windowslocated at 7801 Farm to Market 2920 in Spring, Texaswill add 194 cottages, single family homes and cottage style homes to Houston Area rental offers. The gated community will provide residents with access to high-quality communal amenities, including a resort-style pool, fitness center, playground, barbecue area, dog park, swing garden, Bocce Ball Court, and a café. There will be on-site car parking with plenty of spaces for guests. The development will include sustainable features and is expected to achieve the National Bronze Green Building Certification.

The homes will include quartz countertops, stainless steel appliances, large pantry, hardwood floors, full-size washers and dryers, ceiling fans, a walk-in wardrobe for the master bedroom, and a backyard with private patio. Some units will feature 10-foot ceilings and an attached garage or storage room. located in the north Houston suburb fountainAnd the Everstead in Windows It provides residents with proximity to many retail and entertainment districts, including WoodsPine Hill Amphitheater, Market Street, and Woodland Children museum. The residential complex is expected to be completed in 2024.

“The neighborhood in which The Everstead at Windrose is being developed is located near a master planned community with single-family homes, award-winning schools and attractive retail amenities,” he said. Blair Sweeney, managing director of the development department at Landmark. “We are excited to provide an opportunity for residents and their families to live in a single family style home in an attractive location while enjoying the amenities and service typical of a residential community.”

“This project fits into our strategy of providing a high-quality, affordable housing solution to individuals and families wanting to take advantage of the single-family home experience with the financial flexibility of being a renter,” Jim HalliwellGeneral Manager, Real Estate, Major Global Investors. “We are delighted to partner with Landmark who shares our vision of creating aesthetically pleasing communities and nurturing a first-class customer experience, in conjunction with a commitment to sustainability.”

Landmark’s build-to-hire division was established in 2021 and will bring more single-family homes to the market to meet the current demand across the country. Landmark Construction is acting as the general contractor for this development project.

TSB Capital Advisors has arranged financing for the project. To learn more about Landmark’s construction for rent division, visit landmarkproperties.com.

About Landmark Properties

Headquartered in Athena, JA.with office in AtlantaLandmark Real Estate is an integrated real estate company specialized in the acquisition, development and management of high quality residential communities. with more than 10 billion dollars Assets under management, Landmark’s portfolio includes nearly 100 residential communities across the country with more than 60,000 beds under management. In addition, Landmark benefits from an active development pipeline with 21 student and multi-family projects under construction with an estimated value of Rs. $3.7 billion. Landmark’s mission is to be a leader in the development, construction, operations and investment management of high-quality residential communities, providing unparalleled service and experience to our residents, partners, and employees. For more information visit www.landmarkproperties.com.

About Home Real Estate

Principal Real Estate is a dedicated real estate investment team within Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group. As the top 10 global property manager1 Principal Real Estate has more than 60 years of experience in the real estate investment field2. The company’s capabilities span a wide range of public and private equity investments and debt, and it manages or provides subsidiary advisory $100 billion In commercial real estate assets (as of 30 June 2022).

1 Managers are ranked by total assets worldwide (excluding leverage, including contributions committed or received, but not yet invested, REIT securities are excluded), as of June 30, 2021. “Biggest Real Estate Investment Managers”, Pensions and Investments, October 4, 2021.
2 Major real estate investors are now registered with the Securities and Exchange Commission in November 1999. The activities mentioned before this date were conducted starting with the real estate investment management area of ​​the Principal Life Insurance Company and then “Principal Capital Real Estate Investment” LLC, the company that preceded the “Prime Real Estate Investors” company.

SOURCE Landmark Properties

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