Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announced it has acquired a 23.5-acre development site and has begun construction on The Everstead at Conroe, a planned 190-unit build-to-rent (BTR) community at 7711 Longmire Road in the northern Houston suburb of Conroe, Texas.
“The business-friendly City of Conroe, which has seen its population more than double over the past decade, was ranked the #1 boomtown in all of Texas and sixth in the nation in 2022, with growing employment opportunities, great schools and an abundance of outdoor amenities to attract young professionals, families and empty-nesters alike,” said Wes Rogers, President and CEO of Landmark Properties.
The Everstead at Conroe is just 20-minutes north of The Woodlands, a 27,000-acre master-planned community featuring nearly 25 million square feet of office space, a workforce of more than 100,000 and numerous built-in attractions within a short drive.
The community will total 287,364 square feet of residential space with a mix of 56 two-bedroom and 134 three-bedroom build-to-rent ranch homes and townhomes in 136 one- and two-story buildings. The development will also include a 2,817 square foot clubhouse with a fitness center and amenity & leasing spaces, a resort-style swimming pool, dog park, playground, pickleball and bocce courts, on-site maintenance and management, and parking for 567 vehicles.
“Demand for rental housing continues to grow as more and more residents either prefer renting or choose to stay in the rental market due to the increasing costs of homeownership,” said Rogers. “With numerous projects either under construction, under control, or in the BTR pipeline, our fully integrated platform is well-positioned to quickly expand our single-family rental portfolio despite the current distress in capital markets. There is a tremendous opportunity to create much-needed rental housing.”
The Everstead at Conroe is a representation of the sophistication and quality that epitomizes Landmark’s growing BTR Division, launched in 2021, focused on developing single-family rental home neighborhoods to meet current demand across the country.
Landmark Construction, the construction arm of Landmark Properties, will be the general contractor for the project, with the first units expected to be delivered early next year and project completion expected in late 2025.
