Balcara Group Acquires 20 Acres for Development of 163 Luxury Rental Homes; Neighborhood Will be Located Within the Close-In Balmoral Master Planned Community

Balcara Group Acquires 20 Acres for Development of 163 Luxury Rental Homes; Neighborhood Will be Located Within the Close-In Balmoral Master Planned Community

 

HOUSTON/ JUNE 27, 2019 (STL.News)

Balcara Group, the Houston-based developer of luxury single-family for-rent communities, has partnered with Montgomery Street Partners, the Dallas-based real estate private equity firm, to acquire a 20.28-acre tract within the 750-acre Balmoral master-planned community in the Houston MSA.

The partners will develop Balcara at Balmoral, a 163-home neighborhood consisting of two and three-bedroom detached single-family residences, all of which will be available for rent.

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