Wood Partners Starts Work on Houston-Area Development
The company also plans to make a number of improvements to the infrastructure surrounding the property.
Wood Partners has broken ground on Alta Timberline, a 204-unit multifamily community taking shape in Tomball, Texas., a suburb of Houston. Completion is slated for May 2027.
The name Timberline pays homage to the pines and wooded corridors that characterize Tomball, an outer Houston submarket northwest of the city. The property will consist of seven three-story buildings that offer a mix of one-, two- and three-bedroom units. The residences will feature stainless steel appliances, in-unit washers and dryers, granite countertops and walk-in closets. Ground-floor units will have private yards, while upper-level floors feature balconies.
Common-area amenities will include a clubhouse, a resort-style pool and a shaded outdoor kitchen area with gas grill stations, TVs, fans and seating. The community will offer two pickleball courts, a dog park, a pet spa, a business lounge, a fitness center and coffee bar.
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Wood Partners, in collaboration with the city of Tomball, plans to add a new sidewalk and pedestrian access gate to connect the development to the existing sidewalk along Lacey Road. There will also be a new median cut and turn lane on Hufsmith-Kohrville Road, with both improvements aiming to improve access to the property.
Atlanta-based Wood Partners is no stranger to Texas, or the Houston area. The company, which has developed about 115,000 multifamily units altogether, owns two dozen Texas assets, including ones in the Houston suburbs of Katy and Conroe. In April of last year, Wood Partners and a joint venture partner broke ground on Alta Ed Schmidt, a 336-unit apartment community in the Austin suburb of Hutto.
Houston market softens
Metro Houston’s multifamily market has experienced some sluggishness lately, in the wake of strong deliveries in 2024, according to Yardi Matrix. Rents dropped 0.2 percent to $1,361 on a trailing three-month basis through October, and year-over-year through that month they were down 0.5 percent.
Developers delivered 16,339 units in the Greater Houston market last year, Yardi Matrix reports. Despite a 41 percent decline in year-over-year completions, the city is still the nation’s seventh-largest metro for multifamily deliveries. Another 23,166 units were underway as of October 2025, which means that starts are closer to historical averages.
Investors have cooled somewhat on Houston. Investment in multifamily reached $2 billion in 2025 through October, which Yardi Matrix notes is modest by market standards. The price per unit came in at $134,160, virtually flat compared to 2024.
