MONTGOMERY COUNTY - ROI Land Investments Ltd., a diversified real estate land development investment company, has entered into a binding agreement to acquire 250 acres of land in Montgomery County for $8.3 million.
ROI intends to develop 900 residential housing units on the property, which is located 40 miles northwest of downtown Houston and adjacent to the City of Conroe. The acquisition is expected to close in the first quarter of 2016.
Beginning in 2016, ROI intends to develop the 900 lots in approximately four phases. The project will take six years to complete and will include patio homes, parks and single-family homes of varying sizes.
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