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Andrew Curtis
Senior Director
+1 (602) 571-4190
andrew.curtis@berkadia.com AZ CRE #SA676613000
jed dalton
Associate Director (832) 314-5078 jed.dalton@berkadia.com
TX CRE #787068
joey rippel
Managing Director (601) 919-5155 joey.rippel@berkadia.com
TX CRE #654288
chris young
Managing Director (972) 743-5742 chris.young@berkadia.com
TX CRE #630674
jeffrey skipworth
Managing Director (214) 533-3322 jeffrey.skipworth@berkadia.com
TX CRE #560404
chris curry
Senior Managing Director (713) 553-0151 chris.curry@berkadia.com
TX CRE #566750
houston, tx office
2229 San Felipe, Ste 1600
Houston, TX 77019 (713) 974-1300 | Berkadia.com
The Location
tucker fama
Financial Analyst (281) 923-3856 tucker.fama@berkadia.com
TX CRE #9002106
ESTEE IBÁÑEZ
AVP, Financial Analysis (713) 469-4512 estee.ibanez@berkadia.com
TX CRE #687201
JOHNNY KING
Director
Mortgage Banking (713) 469-4502 johnny.king@berkadia.com
CUTT ABLESON
Senior Managing Director
Mortgage Banking (713) 469-4503 cutt.ableson@berkadia.com
CARL RASMUSSEN
Associate Director
Mortgage Banking (713) 469-4514 carl.rasmussen@berkadia.com
JOEL KIRSTEIN
Managing Director
Mortgage Banking (815) 545-6309 joel.kirstein@berkadia.com
Price
Terms
Year Built
Total Acreage
Total Homes
Total SF
Avg Home SF
Avg Rent/Unit
Avg Rent/SF
Leased
Occupied
Market
All Cash
2024
11.94
114
198,980
1,745
$2,601
$1.49
93%
88%
Balcara at Meridiana presents investors with a compelling opportunity to acquire a newly built, fully stabilized build-to-rent (BTR) community below replacement cost in one of Houston’s fastest-growing suburban corridors. Population is projected to increase by 17% in the surrounding area over the next five years. The area’s rapid population growth and strong demand for high quality rental housing are driving robust absorption, as evidenced by Balcara at Meridiana’s swift lease-up and stabilization in 2024.
Balcara at Meridiana was purpose-designed and constructed by Balcara Group, a Houston-based national developer of institutional-quality luxury rental home neighborhoods. The best-in-class rental community, developed on a single plat, was strategically designed to appeal to the long-term renter. It is comprised entirely of spacious three and four-bedroom homes with private, two-car garages and fenced yards, complemented by an exclusive amenity package that cultivates a strong sense of place. The community and homes conform with the design guidelines of Meridiana, ensuring long-term cohesiveness with its overall Master Plan.
Advantageously located at the “Front Door” of Meridiana with direct access to Highway 288, residents have enviable connectivity to area retail and major employment centers, including the Texas Medical Center, Downtown Houston, Pearland, Sugar Land, and Brazoria County’s petrochemical hubs.
This community’s proven performance, innovative design, and excellent amenity package position it to deliver increasing cash flows, reduced turnover, and long-term value appreciation in a market where rental home supply continues to lag demand.
The Opportunity
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Investment Summary
Investment Highlights
Community
The Property
homes
Community Amenities
Investment Sales and Mortgage Banking
MACKINLEY ROBINSON
Senior Director Mortgage Banking (360) 704-8831 mackinley.robinson@berkadia.com
Mark Forrester
Senior Managing Director (602) 912-1630 mark.forrester@berkadia.com
AZ CRE #BR006620000
kyle whitney
Senior Director (713) 724-1456 kyle.whitney@berkadia.com
TX CRE #658451
GREGG CORDARO
Managing Director (225) 229-8220 gregg.cordaro@berkadia.com
TX CRE #99568533
Houston MSA | Pearland / Manvel Submarket | Brazoria County Meridiana Master Planned Community
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Unit Amenities
One-of-a-Kind: Balcara at Meridiana is the only rental community in Meridiana, a best-selling MPC ranked #22 in U.S., #7 in Texas, #4 in Houston in 2024.
Elevated Living: ENERGY STAR certified homes with attached garages, private yards, Ring doorbells, and luxury finishes complimented by a central amenity lodge.
Family-Oriented Design: 100% 3B/2.5B and 4B/2.5B homes to attract and retain key suburban, renter-by-choice demographics. Parking includes four spaces per home, as well as 45 guest spaces located throughout the community.
Proof of Concept: Outpaced peers with a 12-month lease-up, has maintained a perfect 5-star rating on Google Reviews, and has averaged 74% retention to-date.
Affluent Residents: $127K average household income with 22% rent-to-income ratio, underscoring opportunities to increase rents on turns.
Upside Potential: Can implement a bulk cable/internet agreement and add tech packages.
Substantial Premium to Own: More than $1,000 per month discount to rent a home at Balcara at Meridiana.
Low New Supply Risk: No new BTR under construction within nine miles.
Excellent School District: Positioned in A-rated Alvin ISD, ranked #2 overall in Brazoria County, with all zoned schools located nearby inside Meridiana.
Convenient Accessibility: Valuable visibility (24K vehicles per day) and exposure at the entrance to Meridiana with direct connectivity to Hwy 288.
Walkable Retail: Residents are walking distance from Shops at Meridiana, a neighborhood retail center that includes the only Starbucks in a five-mile radius.
Path of Growth: Increasing densification and buildout continues in the region, from Pearland’s expanding manufacturing and health care sectors to the major petrochemical hub in southern Brazoria County.
Transformative Investment: Major projects like the 1M SF Manvel Town Center, anchored by one of Texas’ top-performing HEBs to the north, and new master planned developments to the south continue to transform the region into a vibrant residential and commercial destination, driving strong housing demand.
Community amenity lodge and leasing office
Resident lounge with pool table
Indoor children's playroom
24-hour fitness center
Resort-style pool
Enclosed dog park
Children's playground
45 guest parking spaces available throughout the community
Access to Meridiana public parks, playgrounds, and walking trails
All zoned schools located nearby inside Meridiana
ENERGY STAR certified homes
Ring doorbells
9ft ceilings throughout
Ceiling fans
Luxury vinyl plank flooring
Stainless steel gas appliances, including gas ranges
Quartz countertops
Spa inspired primary bathrooms
Spacious his and her walk-in closets
Full size, side-by-side washer and dryers
Private backyards with patios
Front yard irrigation system
Complimentary lawn care
Private 2-car garages with remote entry
4 total parking spaces available per home