Taylor Johnson client Northbrook, Ill.-based Prime Property - TopicsExpress

Taylor Johnson client Northbrook, Ill.-based Prime Property Investors (PPI) continues to diversify its portfolio outside of Chicago with the recent acquisition of Estates at Fountain Lake, a 306-unit apartment community in the Houston suburb of Stafford. PPI purchased the property from Trammell Crow Residential (TCR). As GlobeSt reports, this marks PPIs second Houston-area apartment property in a year - and its second time working with TCR. Last fall, PPI entered into a joint venture with TCR to develop a new-construction luxury garden-style apartment community in Houston called Alexan Auburn Lakes, which is scheduled to welcome its first move-ins this August.

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