The Everstead at Windrose Scheduled for 2024
Ga., Oct. 5, 2022 /PRNewswire/ --
Landmark Properties, a fully-integrated real estate firm
specializing in development, construction, investment management,
and operation of high-quality residential communities, announces
the second groundbreaking from its new "build-to-rent" (BTR)
division focused on single-family rental home neighborhoods.
Construction is scheduled to begin in October at The Everstead
at Windrose in Spring, Texas.
The project will be pursued in a partnership with Principal Real
"Landmark is excited to kick off our partnership with Principal,
and we look forward to developing a first-class neighborhood with
The Everstead at Windrose," said President and CEO of Landmark
Properties, Wes Rogers. "With nearly
30 BTR projects in the pipeline, our fully-integrated platform is
well-positioned to quickly expand our single-family rental
portfolio despite the distress in capital markets."
The Everstead at Windrose, located at 7801 Farm to Market
2920 in Spring, Texas, will add
194 townhouses, single-family homes, and cottage-style homes to the
Houston area's rental offerings.
The gated community will provide residents access to high-quality,
shared amenities, including a resort-style swimming pool, fitness
center, playground, grilling area, dog park, hammock garden, Bocce
Ball court, and coffee bar. There will be on-site parking with
several spaces dedicated to guests. The development will
incorporate sustainable features and is expected to achieve the
National Green Building Standard Bronze Certification.
The homes will include quartz countertops, stainless-steel
appliances, large pantries, hardwood-style floors, full-size
washers and dryers, ceiling fans, a walk-in closet for the main
bedroom, and a backyard with private patio. Some units will feature
10-foot ceilings and an attached garage or storage room. Situated
in the north Houston suburb of
Spring, The Everstead at
Windrose provides residents proximity to several retail and
entertainment areas, including The
Woodlands, Tall Pines Amphitheater, Market Street, and the
Woodland's Children's Museum. The
community is expected to be completed in 2024.
"The neighborhood where The Everstead at Windrose is being
developed is near a master planned community with single-family
homes, award-winning schools, and attractive retail amenities,"
said Blair Sweeney, Managing
Director of Development for Landmark's build-to-rent division. "We
are excited to provide residents and their families an opportunity
to live in a single-family style home in a compelling location
while enjoying amenities and service typical of a condominium
"This project fits our strategy of providing a high-quality
housing solution at a reasonable cost to individuals and families
desiring the benefits of a single-family home experience with the
financial flexibility of being a renter," said Jim Halliwell, Managing Director, real estate,
Principal Global Investors. "We are delighted to partner with
Landmark who shares our vision of creating aesthetically pleasing
communities and curating a top-tier customer experience, in
conjunction with a commitment to sustainability."
Landmark's build-to-rent division was established in 2021 and
will bring more single-family homes on the market to meet current
demand across the country. Landmark Construction serves as general
contractor for this development project.
TSB Capital Advisors arranged financing for the project. To
learn more about Landmark's build-to-rent division, visit
Headquartered in Athens, Ga.,
with an office in Atlanta,
Landmark Properties is a fully integrated real estate firm,
specializing in the acquisition, development, and management of
high-quality residential communities. With more than $10 billion assets under management, Landmark's
portfolio includes nearly 100 residential communities across the
country with more than 60,000 beds under management. Additionally,
Landmark benefits from an active development pipeline with 21
student and multifamily projects under construction with an
estimated value at $3.7 billion.
Landmark's mission is to be the leader in development,
construction, operations, and investment management of high-quality
residential communities, delivering unrivaled service and
experience to our residents, partners, and employees. For more
information, visit www.landmarkproperties.com.
About Principal Real
Principal Real Estate is the dedicated real estate investment
team within Principal Global Investors, a diversified asset
management organization and a member of the Principal Financial
Group®. As a top 10 global real estate manager1
Principal Real Estate has more than 60 years of real estate
investment experience2. The firm's capabilities span the
spectrum of public and private equity and debt investments, and it
manages or sub-advises $100 billion
in commercial real estate assets (as of June
1 Managers ranked by total worldwide assets (net of
leverage, including contributions committed or received, but not
yet invested, REIT securities are excluded), as of 30 June 2021. "The Largest Real Estate Investment
Managers," Pensions & Investments, 4
2 Principal Real Estate Investors became registered with
the SEC in November 1999. Activities
noted prior to this date were conducted beginning with the real
estate investment management area of Principal Life Insurance
Company and later Principal Capital Real Estate Investors, LLC, the
predecessor firm to Principal Real Estate Investors.
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SOURCE Landmark Properties