Abode Properties and Transcontinental Realty Investors, Inc. (TCI) are pleased to announce HUD approval of the TPA Transfer for Grand Fountain Apartments in Richmond, Texas.

The approval allows the much anticipated purchase of this Class-A asset. Grand Fountain Apartments is a new resort style apartment community located off Grand Parkway and the Westpark Tollway in the exclusive Cinco Ranch area of Houston. The property features one, two, and three bedroom luxury apartment homes that boast high-end amenities. Each unit was meticulously designed to highlight luxury craftsmanship from wood flooring, granite countertops, stainless steel appliances and beautiful cabinetry to the spacious living areas with unbeatable views. Located minutes from Houston’s Energy Corridor and City Centre, this community is near shopping, golf courses, dining, entertainment, and is located within the highly acclaimed Katy Independent School District. Grand Fountain Apartments is a solid example of the high end assets in Abode and TCI’s portfolios.