This developer plans to put up 30,000 rental homes in Dallas, Houston, Austin suburbs

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DALLAS NEWS – (By Ann Grehan) – Wan Bridge says it will make a multibillion-dollar investment over the next five years.

Houston builder Wan Bridge is ready to place a big bet on the continuing popularity of build-to-rent housing. The company says it will use a “multibillion-dollar capital commitment from a well-capitalized, investment-grade U.S. institution” to put up 20 to 30 build-to-rent communities in the suburbs of Dallas, Houston and Austin within the next year. The investment also will help finance its next five to seven years of growth.

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