Tuesday , 27 September 2016
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Rockspring Invests in 157-acre Tract

Jim McAlister IV

Jim McAlister IV

HOUSTON – Rockspring Capital, a privately-owned real estate investment firm based in Houston, has acquired a 157-acre site in the Houston submarket of Katy.

The tract, suited for single-family residential, is located off of Katy Hockley road, just north of FM 529. This property is adjacent to the 2,705-acre Newland Communities site and is within the Katy Independent School District, which grew by 2,000 students this year.

“According to the U.S. census data, Katy’s population has increased 30 percent since 2000,” said Jim McAlister IV, President and CEO of Rockspring Capital. “As families continue to relocate to Houston because of its job opportunities, they’re finding Katy an ideal place to buy a home because of the affordable pricing, close proximity to the city and highly praised school district. These factors are continuing to push the demand for residential lots in this area skyward.”

The property is a short distance from North Cypress Medical Center and Houston Premium Outlets. Less than five miles from the 11,400-acre master planned community, Bridgeland.

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