Atlanta company to build 154 rental townhomes in San Antonio

An Atlanta-based company has begun construction on 154 built-to-rent townhomes, a booming segment of the U.S. property market.RangeWater Real Estate said the homes off Loop 1604 and O’Connor Road in north San Antonio will average 1,600 square feet and include plans with three bedrooms and two-and-a-half bathrooms. The 16.5-acre community, named Caliza at the Loop, will have a clubhouse, pool, grilling area, playground, and fitness and business centers for residents. It’s unclear what rents will be. Caliza at the Loop is RangeWater’s second project in San Antonio. Last year the company bought Aspen Heights, a 284-unit student housing complex at 12839 Berthoud Lane, which it is converting into general rental housing called the Cottages at Leon Creek. During the first phase, 131 units were renovated, which are 95 percent leased. RangeWater is preparing to begin leasing for the 153 homes in phase two. And in March, the company announced that it had acquired Legacy Heights, a 306-unit, garden-style apartment complex on Austin Highway. “RangeWater is strategically growing across the Sun Belt to meet the high demand for housing,” Chairman and CEO Steven Shores said in a statement. “San Antonio is one of Texas’ fastest-growing cities due to its attractive job…
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