Atlanta company to build 154 rental townhomes in San Antonio
RangeWater Real Estate plans to build 154 rental townhomes and a pool, clubhouse and other amenities at Caliza at the Loop.An Atlanta-based company has begun construction on 154 built-to-rent townhomes, a booming segment of the U.S. property market.
RangeWater — which builds, manages and buys multifamily complexes — launched a built-to-rent, single-family division in late 2020 called Storia and said it would build about 15 such communities in Sun Belt metropolitan areas over the following 18 months. Home prices are surging and supply is limited, pricing some potential buyers out of the market and forcing them to continue renting.
Home-building giants such as Lennar Corp., D.R. Horton and Highland Homes — as well as smaller companies — are building and acquiring single-family rental homes.San Antonio-based Embreyat FM 306 and Common Street near the Gruene historic district.
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