RSK Buys Katy Parcel, BTR Homes on Way

RSK Buys Katy Parcel, BTR Homes on Way
News| July 1, 2025| Mike Boyd
Texas + Apartment Buildings

RSK Real Estate Partners is building a 156-unit build-to-rent community on Morton Ranch Road in Katy. The Houston Business Journal reports the company recently bought a 9.37-acre parcel near the H-E-B-anchored market in the Morton Ranch Development. RSK plans to build a mix of two- and three-bedroom duplexes: 103 three-bedroom rental homes and 53 two-bedroom rental units, with homes averaging about 1,600 square feet. The first rental homes should be ready for move-in by late summer 2026.

NewQuest’s Rick Ragan and Glenn Dickerson represented RSK. Matthew Davis and Kristen McDade of Cushman & Wakefield represented Morton Ranch Development, the property seller. Morton Ranch Development is developing the 158,171-square-foot Market at Katy Park.

The property is across the street from Katy Park, a 100-acre county youth sports complex with baseball and soccer fields.

Other News

Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap

Apartment Buildings

Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...

Learn more

Mortgage Rates Tilt Demand Toward Multifamily: Marcus & Millichap

Apartment Buildings

An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...

Learn more

Revere, MA Weighs 1,700-Unit Housing Project

Boston & New England + Apartment Buildings

The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up