ROYSE CITY, TX-Fountain Capital has arranged the purchase of a large parcel of land in Rockwall County where the buyer hopes to develop a residential project.
The real estate investment firm arranged the sale of about 322 acres of land south of Interstate 30 near F.M. 548 to an undisclosed limited liability company, according to a report in the Dallas Business Journal.
The buyer plans to hold the property for future sale or development, which could include a single-family development.
In October, Dallas-based Fountain Capital formed an affiliated limited partnership, Fountain Mathes I L.P., with plans to raise $14 million, according to filings with the Securities & Exchange Commission.
Click Dallas Business Journal to read the full story.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
