H
alstatt Real Estate Partners, a private‑equity real‑estate firm, has acquired The Fountains of Conroe, a 270‑unit apartment complex in Conroe, Texas, together with Dallas‑based Expedition Capital Advisors (ExCap). Steven Iannaccone, managing principal at Halstatt, highlighted Conroe’s strategic position near Houston’s energy hub, the Port of Houston, and the Woodlands master‑planned community, calling the deal “particularly compelling.” The partnership plans a value‑add overhaul, targeting interior upgrades and amenity enhancements while keeping rents below those of new Class A properties. Planned work includes selective unit renovations, a modernized clubhouse, and exterior improvements such as repainting, roof replacement, and site upgrades. Halstatt focuses on opportunistic and value‑add projects across Florida, Texas, and the Southeast, partnering with seasoned sponsors to execute capital‑improvement plans. ExCap brings deep local expertise, having managed nearly 7,000 units nationwide and over 1,400 in the Houston metro area. Together, they aim to reposition the 2008‑built property, leveraging its strong location and high barriers to new development. The goal is to elevate the community to the top of its competitive set while maintaining attractive rental rates. Source: Halstatt Real Estate Partners