HOUSTON—Northbrook, Ill.-based Prime Property Investors (PPI) has completed its first phase of unit renovations at Estates at Fountain Lake, a 13.6-acre luxury rental community in Stafford.

Since acquiring the 306-unit property last May, PPI has focused on executing a value-add strategy to enhance the property; to date, PPI has renovated 100 apartments with high-end finishes and upgrades.

"The renovations set a new standard in the Sugar Land submarket not available at other competing properties,” Barbara J. Gaffen, co-CEO of PPI, told GlobeSt.com. “Renters now have the ability to enjoy the highest level of luxury including quartz countertops and stainless-steel appliances normally only seen in very high-end single-family homes."

Located on Fountain Lake Drive, just east of South Dairy Ashford Road, Estates at Fountain Lake consists of 198 one-bedroom, one-bath apartments and 108 two-bedroom, two-bath units. It is currently 97 percent occupied with average rents around $1,300 per month. Pricing for newly renovated units will be $165 to $190 more per month.

Apartment renovations include vinyl-plank flooring and custom paint colors throughout the homes, as well as new kitchens with Galaxy White quartz countertops and under-mount sinks, tile backsplashes and new cabinets. New stainless-steel appliances further complement the kitchen upgrades. The renovated models also feature modern bathrooms with vinyl-plank flooring, updated cabinets and quartz vanity countertops with designer faucets.

All units at Estates at Fountain Lake have private balconies or patios and feature nine-foot ceilings with double crown molding. The community also includes 391 recently repaved surface parking spaces, 36 covered spaces and 69 enclosed private parking garages.

“Renovations are being done in phases as leases come up for renewal, with a goal to complete all renovations by summer 2016,” says Gaffen.