Balcara Group Email Format
Investment ManagementTexas, United States2-10 Employees
Balcara Group is a national developer of institutional-grade luxury single-family rental neighborhoods, based in the Houston area. It targets scaled communities of more than 150 homes and aims to co-locate these developments within master-planned communities in high-growth markets across Texas and Florida. The firm is led by Paul Davey and Ed Steffelin, whose combined experience in real estate investment and operations exceeds 50 years. Its first project, Balcara at Balmoral near Houston, was planned for completion in summer 2021 and is advanced in lease-up within the Balmoral master-planned community. In 2019 the firm partnered with Montgomery Street Partners to acquire land in Balmoral, reflecting its approach of collaborating with real estate private equity firms for its developments.