The Dallas-based office of Trez Capital has provided $58 million in financing for phase one of Preservation Creek, a new master-planned community in Alvin, within the Houston metropolitan area (MSA).
W Land Development, a Houston-based developer responsible for Preservation Creek. The financing will recapitalize the project and fund horizontal development of phase one, including utilities, streets and other infrastructure. This transaction marks the first financing Trez Capital has provided for W Land Development.
Located at FM 1462 and County Road 395 in Brazoria County, the community is about 30 miles south of downtown Houston. The first phase includes 367 acres planned for more than 700 single-family lots. The project is part of a larger 3,000-plus acre development that is expected to bring approximately 5,700 residences to the area upon full buildout. When complete, Preservation Creek will include a mix of single-family homes, duplexes, and BTR residences, as well as commercial and retail sites, multifamily properties, an extensive amenity package, and an on-site elementary school.
“Preservation Creek represents the kind of thoughtfully planned, large-scale residential development that aligns with the long-term housing demand we’re seeing across the Houston MSA,” said John Hutchinson, Co-Chief Executive Officer & global head of origination of Trez Capital. “Our financing supports the creation of essential infrastructure that will enable phased growth over several years. With its strategic location and diversified housing mix, this project will play a critical role in meeting the region’s need for quality housing options.”
The master-planned community’s proximity to the SH 288 corridor offers convenient access for residents to employment centers and economic hubs throughout the greater Houston area, making it a highly attractive location. Alvin is known for its family-friendly atmosphere and strong schools. The area features abundant parks and green spaces, a welcoming local community, and more affordable land values compared to nearby suburbs, making it an ideal location for families.
Founded in 1997, Trez Capital is a diversified real estate investment firm and preeminent provider of commercial real estate debt and equity financing solutions in Canada and the United States. Trez Capital offers private and institutional investors strategies to invest in a variety of opportunistic, fully secured mortgage investment funds, syndication offerings and real estate joint-venture investments; and provides property developers with quick approvals on flexible short- to mid-term financing.
