Christopher Todd Capital makes BTR’s first acquisition in Texas

HOUSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) — Christopher Todd Capital has closed escrow on its first build-to-rent purchase in Texas, part of its nationwide expansion. Arizona-based family office and parent company of BTR innovator Christopher Todd Communities purchased The Cottage Green at 15770 Old Conroe Rd in Conroe, a recently completed 314-home community on 40 acres featuring cottages, townhomes, unique bungalows and garden homes and lofts. HMFA Houston Property Owner I, LLC was the seller. Willow Bridge was selected as the property management company due to its expertise in BTR.

“This is an exciting acquisition for us. Texas is a priority for our growth strategy and this community in particular has a unique selection of rental apartments. It also marks the debut of our new Cottage Living brand,” said Brent Long, President of Christopher Todd Capital. The Cottage Living brand reflects our interest in communities with a diversification of rental products coupled with lifestyle offerings that Christopher Todd Communities is known for.

The Cottage Green – soon to be renamed Cottage Living – offers one-, two- and three-bedroom single-story homes and two-bedroom townhouses surrounded by nature, two scenic lakes and a spa walk. On-site amenities include a lakefront beach club with grilling area, luxurious swimming pool with tanning bench, fire pits and outdoor ramada, fully equipped gym, clubhouse and conference room, electric car charging stations, private bark park, event lawn and much more. Christopher Todd Capital will invest a significant amount in improving the community to continue to create the best living experience, synonymous with Christopher Todd Communities’ solid history in the build-to-rent sector.

With this closing, Christopher Todd Capital has acquired Willow Bridge, one of the largest property management companies in the country, as property manager. “They impressed us with their technology, strong focus on resident engagement and reputation, particularly their expertise in BTR,” said Todd Wood, CEO of Christopher Todd Communities. Willow Bridge has more than half a century of premier real estate quality.

“Christopher Todd patiently monitored the market for sensible offers. In the past, we have built our own communities and worked with a national construction partner to help develop new markets. Our strategy through 2025 is to secure sites for our own development and construction opportunities and to purchase completed communities that meet our community lifestyle objectives and financial criteria,” Wood said.

“We are unique in that we have significant liquidity and deep expertise in this area. In the long term, the BTR sector is poised for significant growth, albeit with some short-term challenges. Our long-term perspective motivates us to be proactive buyers in today’s environment,” Long said.

For more information about this new Houston area community, visit Cottagelivingwoodlands.com

About Christopher Todd Capital:

Christopher Todd Capital is a private family office that owns Christopher Todd Communities, the nation’s most respected rustic BTR brand. Its roots began over 30 years ago with the founding and subsequent sale of one of the largest organic bakeries in the country. Founder Todd Wood then used this capital to fuel the creation and growth of Christopher Todd Communities. Christopher Todd Capital buys and invests in BTR and traditional multifamily properties. The company also buys distressed or distressed debt or equity or invests fresh capital in niche properties. www.Capital.ChristopherTodd.com.

About Willow Bridge:

Founded in 1965 by Mack Pogue as Lincoln Property Company, Willow Bridge Property Company is one of the most respected full-service residential real estate companies in the United States, operating a successful portfolio in 75 markets. Headquartered in Dallas, Texas, Willow Bridge proudly employs over 4,500 team members, has built over 200,000 homes, and manages over 200,000 units for its clients. To learn more, visit willowbridgepc.com.

Media contact:
Martha Moyer Wagoner
[email protected]
602-861-8006

A photo accompanying this announcement can be found at