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.

Abode Properties is pleased to announce it successfully assumed the HUD ensured loan associated with the Metropolitan apartments in Little Rock, Arkansas, and are now the owners and operators. Metropolitan is a luxury 260 unit mid-rise community featuring one, two, and three bedroom units. The community provides an upscale, urban living experience with alluring riverfront and downtown views.

“Abode Properties is excited to add the Metropolitan to its portfolio. It’s an absolutely breathtaking complex with outstanding amenities and easy access to all of the wonderful attractions in Little Rock and surrounding area,” commented Daniel J. Moos, Chairman and CEO of Abode Properties. “With views of the Arkansas River, proximity to the River Market District and easy commute to Bill and Hillary Clinton National Airport, the property is in the perfect location for its residents to take advantage of Little Rock’s active and vibrant community.”

Metropolitan offers an extensive menu of amenities which include two resort style pools, courtyards, a recreation and billiards room, 24 hour fitness center, internet coffee café, as well as garage parking and onsite security. Each unit boasts granite countertops, alarm systems, walk-in closets, and full size washer and dryers.

Little Rock was ranked one of the Top 65 “Best Cities to Start a Career” in 2015. “Though this is an impressive ranking, we firmly believe Little Rock is one of the upper tier cities in the nation for starting one’s career,” added Mr. Moos. The area continues to experience strong job growth and was also named the “Most Livable City” in 2014.