CONROE, TX - Balfour Beatty Communities, a national residential real estate investment and management company, announced the successful acquisition of a premier multifamily community River Pointe, located in Conroe, Texas. Through its affiliates, this is the company’s second multifamily property acquisition in the eastern Texas region this year, after purchasing The Leonard located in Denton in February, and aligns with the division’s targeted expansion strategy for 2025.
River Pointe is a 300-unit, gated, garden-style community offering high-quality living options in one of Texas’ fastest-growing areas. The property features a range of apartment configurations, including 1-, 2-, and 3-bedroom units, all designed for maximum comfort and convenience. Spacious layouts include large patios, tall ceilings, walk-in closets, gourmet kitchens, and stainless-steel appliances.
Following the acquisition, a series of enhancements to both the apartment interiors and common areas are planned for implementation. Located near major employers and retail centers, River Pointe offers residents the perfect balance of comfort, convenience, and connectivity.
“We are excited to add River Pointe to our portfolio,” said Lisa Dailey, Senior Vice President of Multifamily Acquisitions at Balfour Beatty Communities. “This acquisition supports our strategy to grow in strong, key markets and to provide high-quality, well-located housing options that meet the needs of today’s residents. River Pointe’s prime location and exceptional amenities make it a valuable addition to our multifamily portfolio."
Source: Balfour Beatty Communities