Developer Aspen Heights Partners is launching a single-family rental brand, Bell Yard, with the acquisition of a 36-acre site in the Austin suburb of Hutto, Texas.
The first Bell Yard community in Hutto will include 219 two-, three-, and four-bedroom homes with attached garages. Each one will offer craftsman-influenced exterior architecture, modern interiors, and access to a fully fenced and landscaped backyard. Homes also will include touchscreen thermostats, energy-efficient lighting systems, and high-bandwidth cabling.
“The roots of our company were formed by identifying emerging needs within the housing industry and taking swift action to create purpose-built communities that fulfill those needs,” says Greg Henry, founder and CEO of Aspen Heights. “There’s incredible demand right now for single-family rental options from various age groups who are seeking space, comfort, and privacy, but want to maintain the service, amenities, and flexibility they’ve grown accustomed to. Our various teams are all well researched and informed to the needs and desires of today’s renters, and we believe we’re uniquely positioned to help meet the demand in key markets through the U.S.”
Aspen Heights Partners has developed 24 “cottage-style” rental housing properties across 13 states over the last decade, totaling 14,844 beds across 4,582 units. Under the Bell Yard brand, Aspen Heights has more than 1,000 homes under contract in Austin and the surrounding region, plus 400 more homes in North Carolina. Together, the Bell Yard pipeline is valued at $440 million.
