Balfour Beatty Communities Expands Multifamily Portfolio With Acquisition of River Pointe in Conroe, TX

MALVERN, Pa.--(BUSINESS WIRE)--Balfour Beatty Communities, a national residential real estate investment and management company, announces the successful acquisition of a premier multifamily community: River Pointe, located in Conroe, Texas. Through its affiliates, this is the company’s second multifamily property acquisition in the eastern Texas region this year, after purchasing The Leonard located in Denton in February, and aligns with the division’s targeted expansion strategy for 2025.

River Pointe is a 300-unit, gated, garden-style community offering high-quality living options in one of Texas’ fastest-growing areas. The property features a range of apartment configurations, including 1-, 2-, and 3-bedroom units, all designed for maximum comfort and convenience. Spacious layouts include large patios, tall ceilings, walk-in closets, gourmet kitchens, and stainless-steel appliances.

Following the acquisition, a series of enhancements to both the apartment interiors and common areas are planned for implementation. Located near major employers and retail centers, River Pointe offers residents the perfect balance of comfort, convenience, and connectivity.

“We are excited to add River Pointe to our portfolio,” said Lisa Dailey, Senior Vice President of Multifamily Acquisitions at Balfour Beatty Communities. “This acquisition supports our strategy to grow in strong, key markets and to provide high-quality, well-located housing options that meet the needs of today’s residents. River Pointe’s prime location and exceptional amenities make it a valuable addition to our multifamily portfolio.”

About Balfour Beatty Communities
Balfour Beatty Communities is an active owner and operator of residential real estate in the multifamily, student and military housing sectors across the United States. Since its inception, Balfour Beatty Communities has invested in nearly 100 properties representing more than $7.9 billion of gross asset value. Our broad in-house expertise includes decades of acquisition, development, finance, renovation, leasing and property/facility management experience. Leveraging this extensive expertise and a customer service-focused approach, Balfour Beatty Communities seeks to create value in its real estate projects while delivering exceptional living experiences. For more information, visit balfourbeattycommunities.com.

Balfour Beatty Communities is a subsidiary of Balfour Beatty Investments, Inc. and Balfour Beatty plc, a leading international infrastructure group.