Tricon Residential Opens Two New Communities in Texas, Increasing Housing Provide

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Printed Sep 19, 2024 • 4 minute learn

The Leander group celebrates Tricon Bryson’s grand opening – Credit score Erich Schlegel Enterprise Wire

Tricon Bryson and Tricon Willow Creek, two new build-to-rent communities, add over 300 new houses with apartment-style facilities

Tricon is on monitor to ship 1,000 new build-to-rent houses within the U.S. in 2024 and has one other 1,000 build-to-rent houses below growth and scheduled to open in 2025

LEANDER, Texas & TOMBALL, Texas — Tricon Residential, a Blackstone Actual Property portfolio firm, together with its residents, companions and native leaders, celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-based Highland Properties, these communities will broaden housing provide within the Austin and Houston metropolitan areas by including 303 new, high-quality single-family rental houses. The houses provide thoughtfully designed ground plans that includes three and 4 bedrooms, hooked up two-car garages, absolutely fenced backyards and sought-after group facilities, with the good thing about Tricon’s industry-leading on-site upkeep {and professional} property administration.

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“Tricon is proud so as to add much-needed housing provide to the Austin and Houston areas, creating new single-family dwelling communities within the neighborhoods the place folks most wish to stay,” stated Andy Carmody, Senior Managing Director and Head of Sustainability at Tricon Residential. “Tricon Bryson and Tricon Willow Creek will improve the availability and variety of high-quality houses, at costs properly beneath the price of proudly owning, for households in communities with high quality faculties, quick access to employment facilities and native facilities.”

Tricon is on monitor to ship 1,000 new build-to-rent houses within the U.S. in 2024 and has one other 1,000 build-to-rent houses below growth and scheduled to open in 2025.

About Tricon Bryson:

Tricon Bryson is an enthralling neighborhood of 155 single-family rental houses positioned at 440 Raglands Street, inside the award-winning master-planned group of Bryson in Leander, simply north of Austin.
The group options six thoughtfully designed ground plans with an open idea providing three- and four-bedroom choices, state-of-the-art expertise and outside facilities, together with a resort-style pool, river splash pad, hearth pit, playground, canine park, fishing pond and extra.

Each dwelling features a connoisseur kitchen, granite counter tops, stainless-steel home equipment, a two-car storage, optionally available EV chargers and a completely fenced yard.

The group is conveniently positioned close to Austin Neighborhood Faculty, main employers, buying facilities, outside recreation, the Leander CapMetro mild rail station and extra.

The venture developer is Johnson Growth, and the builder is HHS Residential.

About Tricon Willow Creek:

Situated within the northern Houston suburb of Tomball at 9835 Willow Creek Commerce Dr, Tricon Willow Creek provides 148 single-family rental houses.

Tricon Willow Creek options 4 open-concept ground plans with three- and four-bedroom choices. Each dwelling features a connoisseur kitchen, granite counter tops, stainless-steel home equipment, an hooked up two-car storage, a completely fenced yard and good dwelling expertise.

Unique group facilities, together with a neighborhood playground, sports activities park, canine park, pool and BBQ space.

Tricon Willow Creek provides quite a few pilot Division of Vitality (DOE) Zero Vitality Prepared Properties (“internet zero houses”). These high-performance houses are designed to make the most of renewable power sources to offset most or all of the annual power consumption.

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The venture developer and builder is HHS Residential.

All of the houses in Tricon Bryson and Tricon Willow Creek are professionally managed by Tricon Residential, providing a nearly maintenance-free way of life supported by a caring on-site workforce. As well as, as a part of Tricon’s dedication to supporting its residents, Tricon Bryson and Tricon Willow Creek residents will even have entry to Tricon Vantage, a collection of assets designed to assist them understand their monetary targets and improve their monetary well-being. These embody credit score constructing help, monetary literacy applications, and individualized monetary teaching companies.

Rob Harper, Head of Blackstone Actual Property Asset Administration Americas, stated: “Along with Tricon, we’re constructing on our work as a top quality housing supplier. This week, we’re excited to announce the opening of two new communities with over 300 houses within the Austin and Houston metropolitan areas. We’re thrilled that Tricon is including extra choices to the housing provide and dealing as a real associate with the communities we serve.”

About Tricon Residential

Tricon Residential Inc. is an proprietor, operator and developer of a rising portfolio of roughly 38,000 single-family rental houses within the U.S. Solar Belt and multi-family flats in Toronto, Canada. Our dedication to enriching the lives of our workers, residents and native communities underpins Tricon’s tradition and enterprise philosophy. We offer high-quality rental housing choices for households throughout the US and in Toronto, Canada via our technology-enabled working platform and devoted on-the-ground working groups. Our growth applications are additionally delivering 1000’s of recent rental houses and flats as a part of our dedication to assist resolve the housing provide scarcity. At Tricon, we think about a world the place housing unlocks life’s potential. For extra data, go to www.triconresidential.com.