STAFFORD – Prime Property Investors LTD has sold Estates at Fountain Lake, a 306-unit multifamily asset.
The three-story garden-style community spreads across 13 acres located at 10498 Fountain Lake Drive.
The property features one- and two-bedroom apartments and is currently 93.5 percent occupied.
Berkadia’s Houston and San Antonio offices arranged the sale and Fannie Mae fixed-rate loan on behalf of the buyer, GPI Investments LLC.
See also: Houston-The Woodlands-Sugar Land Multifamily Market Research.
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