Prime Property Investors Continues Expansion Into Houston Multifamily Market

June 2, 2014

Taylor Johnson client Northbrook, Ill.-based Prime Property Investors (PPI) continues to diversify its portfolio outside of Chicago with the recent acquisition of Estates at Fountain Lake, a 306-unit apartment community in the Houston suburb of Stafford. PPI purchased the property from Trammell Crow Residential (TCR). As reports, this marks PPI’s second Houston-area apartment property in a year – and its second time working with TCR.  Last fall, PPI entered into a joint venture with TCR to develop a new-construction luxury garden-style apartment community in Houston called Alexan Auburn Lakes, which is scheduled to welcome its first move-ins this August.

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PPI has acquired Estates at Fountain Lake, a 13.6-acre full-amenity luxury community consisting of 14 three-story garden-style buildings with a total of 306 units in the Houston suburb of Stafford.


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