F
idelis Residential Partners has partnered with Cresset Real Estate Partners to develop a multifamily complex within the Moran Ranch community in Willis, Texas. The project, Fidelis Willis, will feature 252 units and is expected to break ground this month, with completion slated for 2026. Austin-based OHT Partners will serve as the general contractor.
The development will consist of nine three-story buildings offering a range of one-bedroom, two-bedroom, and three-bedroom apartments. Amenities will include a fitness center, pool, clubhouse, dog park, and game room. The project is being funded through Cresset's third Qualified Opportunity Zone fund, which has invested over $1.2 billion in multiple projects.
The Houston metro area presents attractive investment opportunities as the shift to remote work allows renters to prioritize cost of living and quality of life in suburban areas. H-E-B's site selection expertise often signals population growth, and developments like Fidelis Willis are expected to contribute to the rapid expansion of Willis' population from 9,000 to potentially 30,000 within a decade.
