HOUSTON–Alexan at Auburn Lakes has been toppedoff, with the first residents slated to move into the 346-unitapartment community this August. Prime PropertyInvestors and Trammel Crow Residentialare jointly developing the garden-style community.

Alexan at Auburn Lakes is a 12.5-acre gated community on thesouthern edge of The Woodlands. The population andjob growth in the area was one of the major determining factors forthe construction of this project.

“We had been looking closely at the Houston market for a whileand found that office construction and job growth in the Houstonsubmarket is creating high demand for upscale multifamily housingin the area. Fundamentals are strong in the Houston market withsimilar projects maintaining an average occupancy of 96% and in thepast year there was 7.2% rent growth in the area,” BarbaraGaffen, Co-CEO of PPI, tells GlobeSt.com. “Everything fromthe location, to the size of the project, hits our sweet spot.”