JLL Capital Markets has completed the sale of Banyan Kingsland Heights, a 97-home build-to-rent (BTR) community in Katy, Texas. JLL represented Banyan Residential, the seller, in the sale.
Completed in 2021, Banyan Kingsland Heights is a rental community consisting entirely of single-family three—or four-bedroom homes. The homes average 1,876 square feet each and offer two-car garages, six-foot privacy fencing, stainless steel appliances, granite countertops, walk-in closets and vaulted or nine-foot plus ceilings.
The property is located on 27 acres at 4104 Scarlet Oak Ln. in Brookshire, Texas, just south of Interstate 10 and close to State Highway 99. Brookshire is located about 37 miles west of Downtown Houston.
Matthew Putterman, Jim Humphries, Daniele Colbertaldo, and Rhett Robins led the JLL Capital Markets Investment Sales and Advisory team helped broker the deal.
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