HOUSTON—Northbrook, Ill.-based Prime Property Investors has completed the acquisition of a 306-unit apartment community in the Houston suburb of Stafford within Fort Bend County, one of the fastest-growing counties in the nation, according to the U.S. Census Bureau. This will be the second Houston-area property that PPI owns, marking the company’s continued expansion into the Houston multifamily real estate market. 

Located on Fountain Lake Drive, just east of South Dairy Ashford Road, Estates at Fountain Lake (formerly known as Alexan Fountain Lake) is a 13.6-acre full-amenity luxury community that consists of 14 three-story garden-style buildings with a total of 306 units. PPI acquired the property from Dallas-based Trammell Crow Residential.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 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.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.