RangeWater & NTTUD to Build a 121-Unit BTR Community in Dallas-Fort Worth Metro

RangeWater Real Estate, a fully integrated rental housing company with assets across the Sun Belt and Mountain West, and equity partner, NTT Urban Development Corporation, continues to expand its build-to-rent Storia portfolio after closing on 14.16 acres in Corinth, Texas, a submarket of Dallas-Fort Worth.

This is RangeWater’s seventh development in Texas, the fifth in DFW, and the second Storia community in the metro on the heels of the developer’s recent openings of The Palo Apartments, a 325-apartment and The Palo Townhomes, a 120-unit townhome community. Expanding its Texas footprint, RangeWater is slated to complete Caliza at The Loop, a 154-unit townhome community in San Antonio, in the third quarter of 2024. In addition, The Darby, which consists of 326 apartments and 24 townhomes in Manor, a suburb of Austin, is anticipated to be completed in the fourth quarter of 2024. This development represents NTT Urban Development Corporation’s second investment in Texas.

“We are excited to continue building our Storia portfolio in the Dallas-Fort Worth area, as the market is rapidly growing,” said Nick Wilhelmson, Southwest Managing Director of RangeWater Real Estate. “Our team puts extensive research into each development, ensuring it is the right fit for our portfolio by carefully considering market conditions, population growth, proximity to employment hubs, and more.”

Read the full article on CityBiz here.