RSI Communities Invests $100M in Texas Land Acquisition
- Feb 20, 2017
San Antonio & Austin, Texas—RSI Communities announced it has invested more than $100 million in land acquisitions in San Antonio and Austin, Texas, expanding its portfolio to 4,200 lots. The most recent transaction adds the space needed for an additional 1,000 new homes.
The Texas-based developer, which also operates in California, announced in a prepared statement that by the end of 2017 it will have 28 active selling communities in Texas—13 in San Antonio and 15 in Austin. Nine of them will be open and selling in March, including Legends Way and Willow Creek in Austin, and Paloma and Stillwater Ranch in San Antonio.
“We have been building in Texas for two years and know there is great demand for new high-quality, value-packed homes that target home buyers searching for houses priced at, or below, the current median prices for the market,” said John Bohnen, COO of RSI Communities. “The ability for a homebuyer to walk into an RSI Communities home and enjoy a long list of included amenities, which would normally be considered upgrades, is unprecedented. And they will also enjoy a simplified, transparent purchase that emphasizes efficiency to ensure a simplified purchase experience.”
The new homes will feature luxury kitchens with 42-inch Java or White Shaker-style upper cabinets with crown, kitchen islands with cabinet fronts and decorative legs, as well as tile flooring throughout the main living areas and recessed LED lighting around the homes. Bathrooms will include walk-in showers, tubs with tile walls and framed mirrors, while granite or quartz will be standard throughout the homes.
Besides the significant expansion announced in Texas, the developer plans to open seven new-home communities in Southern California’s Inland Empire area in 2017.
Image courtesy of RSI Communities