Back Halstatt Real Estate Partners Announces Acquisition of The Fountains of Conroe, a 270-Unit Multifamily Community in Conroe, Texas
Naples, Fla. – October 21, 2025 – Halstatt Real Estate Partners, a real estate private equity firm, today announced the acquisition of The Fountains of Conroe, a 270-unit multifamily community located in Conroe, Texas. Halstatt acquired the property in partnership with Expedition Capital Advisors (“ExCap”), a Dallas-based multifamily investment firm.
“Conroe’s proximity to Houston’s thriving energy sector and the Port of Houston, coupled with its location adjacent to the highly desirable Woodlands master-planned community, makes this a particularly compelling opportunity,” said Steven Iannaccone, managing principal at Halstatt Real Estate Partners. “We are pleased to partner with ExCap to reposition this 2008-vintage property, which benefits from significant barriers to entry for new development. Though the community is in solid condition and a prime location, we see room to upgrade the interiors and amenities to enhance its competitiveness and capture additional rent growth.”
Following the acquisition, the partnership will launch a comprehensive value-add strategy aimed at elevating the property to the top of its competitive set while maintaining rental levels below new Class A properties. Planned improvements include selective renovation of the property’s units from their original condition, reconfiguring and modernizing the clubhouse, and completing exterior enhancements such as repainting, roof replacements, and general site upgrades.
Halstatt Real Estate Partners identifies value-add and opportunistic real estate projects throughout Florida, Texas and the Southeast, partnering with experienced sponsors to implement strategic business and capital improvement plans. In this investment, Halstatt will collaborate with ExCap, a firm with deep local expertise and operational presence, having owned and asset-managed nearly 7,000 apartment units across Arizona, North Carolina, and Texas, including more than 1,400 units within the Houston metropolitan area.