Balmoral Debuts Single-Family Rental Neighborhood

Posted on Monday, December 28, 2020

Balcara at Balmoral, a luxury single-family home rental neighborhood, has opened in the Humble community.

Pre-leasing for the 163-home property commenced Dec. 15 and initial occupancy is planned for March 1, 2021.  In addition to access to the Balmoral Amenity Village and Crystal Lagoons® amenity, residents will enjoy the private Balcara Neighborhood Lodge, which includes a fitness center, playroom, social rooms, and a playground. The community provides a maintenance-free lifestyle as well as internal parks, greenspaces, and miles of sidewalks.

“We are very excited to have developed one of the first planned single-family home rental neighborhoods in the Houston area and are elated to open the neighborhood to residents at rental rates comparable to area apartments, but with unique features such as attached two-car garages, private backyards and access to Texas’ first crystal clear lagoon,” said Paul Davey, Chief Executive Officer of Houston-based Balcara Group. “We are now replicating the success of Balcara at Balmoral in other leading communities in Texas and Florida. In 2021, we expect to add additional properties to our portfolio based on our robust pipeline.”

All of the Balcara homes include two-car attached garages, private backyards, Ring video doorbells and standard interior features such as 9-foot ceilings, stainless steel kitchen appliances, quartz countertops, wood plank-inspired flooring and spa-like bathrooms with double vanities.

The neighborhood is zoned to Groves Elementary School, West Lake Middle School, and Summer Creek High School.  The community, which offers 24-hour maintenance, is professionally leased and managed by Bell Partners Inc., one of the nation’s leading apartment investment and management companies. Tours for prospective residents currently are by appointment and the model homes are slated to open in early 2021.

Ed Steffelin, Chief Investment Officer of Balcara Group, says the success of Balcara at Balmoral is testament to the value of relationships.

“We have a longstanding and honored relationship with Land Tejas, developer of Balmoral, and are appreciative of the opportunity to be part of the broader Balmoral and Humble community,” Steffelin said. “We look forward to working together for years to come.”

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