A development site encompassing 9.37 acres located at Katy Hockley and Morton Roads in the Katy market has been sold. The asset is positioned in a rapidly growing area, anchored by the Market at Katy Park, and will be developed into a 156-unit build-to-rent duplex community. The project is part of RSK Real Estate Partners' 5|5|5 Initiative, with delivery of units expected by late Q2 2026.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: Not disclosed
• Address: Katy Hockley & Morton Road
• Market: Katy
• Acres: 9.37
• Buyer: Neil Joshi - RSK Real Estate Partners
• Seller: Morton Ranch Development LLC
• Brokers: Matthew Davis & Kristen McDade - Cushman & Wakefield

Neil Joshi represented RSK Real Estate Partners in acquiring the development site, marking it as the largest project for the company in the Houston area to date. The sellers were Morton Ranch Development LLC, indicating a concentrated effort in expanding residential options within the locality.