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Hilltop Residential, a Houston-based real estate investment and management company, has launched Hilltop Residential Development, a new division dedicated to the ground-up construction of multifamily communities in high-growth markets.

The expansion marks the company’s formal entry into the development of rental housing. The company stated its projects will emphasize sustainable design, technology integration and thoughtfully planned amenities that enhance quality of life. Hilltop Residential Development has multiple projects in the pipeline and plans to break ground on its first multifamily community within the next year.

The company has appointed Eric Overton as managing partner of Hilltop Residential Development. Overton is the founder of Terebinth Real Estate and previously managing director at DR Horton and vice president at JLB Partners.

“We are thrilled to introduce Hilltop Residential Development as the next chapter in our company’s growth,” said David Wylie, managing partner of Hilltop Residential. “Expanding into development allows us to offer superior housing solutions while upholding the core values and standards that define Hilltop. With Eric at the helm, we are confident in our ability to deliver outstanding communities that serve the needs of today’s renters.”