KATY - ELHR Investments and Robbins Property Associates teamed up to acquire the Fountains of Katy apartment complex at 1007 S. Mason Rd. in Katy from JRK Property Holdings.
The venture secured a $25.4 million loan to acquire the 316-unit community, which consists of 144 one-bedroom/one-bathroom units, 148 two-bedroom/two-bathroom units and 24 three-bedroom/two-and-a-half-bathroom units in 32 two-story buildings.
On-site amenities include two pools, a hot tub, barbeque area, sportsplex/fitness center that includes indoor basketball, squash court and gym, and an outdoor sports court and playground.
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