![Starwood's Barry Sternlicht (right) and Land Tejas' Al Brende (Getty, Land Tejas, iStock)](https://static.therealdeal.com/wp-content/uploads/2022/06/ft-Barry-Sternlichts-Starwood-Land-launches-930-acre-exurban-Houston-community-250x179.jpg)
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Coastal Ridge builds to rent in Austin
Midwestern firm to expand Stillwell brand with 20-acre development
![Jerimi Nuckolls and Andy Lallathin (Coastal Ridge Real, iStock)](https://static.therealdeal.com/wp-content/uploads/2022/06/main-TX-Coastal-Ridge-builds-to-rent-in-Austin-.jpg)
Midwestern firm Coastal Ridge Real Estate is expanding its Stillwell brand to Texas. The company will develop a 20-acre build-to-rent community in Round Rock,18 miles north of Austin.
The homes will be part of Avery Centre, a 1,200-acre, mixed-use development. The planned community on the University Boulevard corridor will have 225 single-family homes arranged in what Stillwell calls a “horizontal apartment” or cottage community — freestanding, one- and two-story single-family residential units with private yards in configurations similar to those of a garden-style apartment complex. The houses will have one to three bedrooms, shared parking and community amenities such as resort style pools, walking trails and fitness centers.
The project is a joint venture with Halstatt Real Estate Partners, a real estate private equity firm based in Naples, Florida.
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![Starwood's Barry Sternlicht (right) and Land Tejas' Al Brende (Getty, Land Tejas, iStock)](https://static.therealdeal.com/wp-content/uploads/2022/06/ft-Barry-Sternlichts-Starwood-Land-launches-930-acre-exurban-Houston-community-250x179.jpg)
![From left: Mattie Parker, Mayor of Fort Worth; Nick Stanley, Mayor of Aledo (Facebook/Nick Stanley, Facebook/Mattie Parker, Levens Capital Partners, iStock)](https://static.therealdeal.com/wp-content/uploads/2022/06/ft_TX_Fort-Worth-Aledo-250x179.jpg)
![Attom Data Solutions' Rick Sharga (LinkedIn, iStock)](https://static.therealdeal.com/wp-content/uploads/2022/06/feat-TX-DFW-investors-flipped-over-2600-single-family-homes-in-the-first-quarter-250x179.jpg)
Several build-to-rent single-family communities are in the works near Texas’ large population centers. Dallas-Fort Worth investor ILE, which already owns 450 homes in Texas, plans 1,000 new single-family rentals in the metroplex by the end of the year. ONM Living has about 2,000 build-to-rent units in the pipeline for the area as well. Closer to Austin, California’s Banyan Residential is set to build a 34-acre community of single-family rental homes in Pflugerville, six miles from Round Rock.