Halstatt Real Estate Partners, a real estate private equity firm, announced the acquisition of The Fountains of Conroe, a 270-unit multifamily community located in Conroe, Texas. Halstatt acquired the property in partnership with Expedition Capital Advisors (ExCap), a Dallas-based multifamily investment firm.
“Conroe’s proximity to Houston’s thriving energy sector and the Port of Houston, coupled with its location adjacent to the highly desirable Woodlands master-planned community, makes this a particularly compelling opportunity,” said Steven Iannaccone, managing principal at Halstatt Real Estate Partners. “We are pleased to partner with ExCap to reposition this 2008-vintage property, which benefits from significant barriers to entry for new development. Though the community is in solid condition and a prime location, we see room to upgrade the interiors and amenities to enhance its competitiveness and capture additional rent growth.”
Following the acquisi
