At Home Near Everything; Harper’s Preserve: Private, Natural, and Convenient

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New 1700-home Community Opens in The Woodlands/Conroe Area of Houston, Texas

Home buyers who want it all can now have it all at Harper’s Preserve. This unique master planned, gated 1,722-home development is owned by 242, LLC, managed by Sam Yager Properties, Ltd. (SYPL) and is located just one mile east of Interstate 45 on State Highway 242.

The best of both worlds, Harper’s Preserve offers a natural, private setting just minutes from Woodlands Waterway and Mall. The development surrounds a 160-acre wetlands and wooded open space preserve. This preservation and open space area is located on Harper’s Horsepen Branch, and provided the inspiration for the development’s name of “Harper’s Preserve”. The project’s landscape design also uses native Texas plants that complement the natural setting.

“Why develop now? All markets are not the same,” points out Sam Yager, III, Executive Vice President of Sam Yager Inc., the parent company of Sam Yager Properties, Ltd. “The Woodlands submarket has lower available housing inventory, a decreasing lot supply and demand for the area has remained strong and steady. Many employers find the area attractive for relocations and their employees need places to live that are near by. Harper’s Preserve is one of the few remaining parcels in the area that can provide a new home coupled with a desired lifestyle near everything.”

In addition to a gatehouse, gates and private streets, the community is planned to include a future pool, bowling and bocce ball greens, and horseshoe pits. Preserve Park will contain a meandering lake and a trail. Lookout Hill is a playground that will feature boulders for children to climb on. A cistern at Park Barn will collect rainwater for watering the landscape.

“As times are tough in the surrounding area, Montgomery County continues to grow and prosper and is the place where people want to live and work,” says Montgomery County Commissioner Precinct 4 Ed Reinhart. The project is located in Precinct 4 of Montgomery County.

Affordable but exclusive, homes in the first phase of Harpers Preserve will range in price from $170,000 to $300,000. Builders include Highland Homes, Darling Homes and Plantation Homes with home presales starting in May 2011. The development of phase one of Harper’s Preserve is comprised of approximately 205 lots with widths ranging from 55’, 65’ and 70’. This new multi-million dollar development is ultimately planned for approximately 1,722 single family homes and 71 acres of commercial, multifamily and other mixed uses. Additional information about Harper’s Preserve may be found by visiting http://www.harperspreserve.com.

David Jarvis, Director of the Houston Market for of American Metro Study, states, “Harper’s Preserve is located in a highly coveted development corridor with access to work and entertainment centers along Interstate 45 to Greenspoint, Bush Intercontinental Airport and The Woodlands. This area has a successful history in residential development and is still on the path of progress in the Houston market.”

“Today’s sophisticated home buyers are looking for high quality housing in locations where everything is near by and convenient,” says Yager. “Harper’s Preserve offers this lifestyle in an excellent school district while not sacrificing privacy.”

Harper’s Preserve is in the Conroe Independent School District with Oak Ridge Elementary, York Junior High School and Oak Ridge High School near by. Conroe ISD is constructing a new junior high school just east of Harper’s Preserve and north of State Highway 242.

The wetland and open space preserve is a desirable asset of the community. “Wetlands act as sponges that hold excess storm water, filter it and then release it gradually,” says Yager. “This unique feature of Harper’s Preserve is coupled with large areas of wooded uplands which create a beautiful natural habitat that supports many varieties of wildlife and a wonderful amenity in the heart of the project.”

Development financing for Harper’s Preserve is being provided by First Continental Investment Co., Ltd (First Continental). Over the past 20 years, First Continental and its management group have provided residential lot acquisition and development financing for over 400 communities in all of the major Texas markets. First Continental has maintained a leading role in providing residential lot acquisition and development financing through the recent economic crisis and resulting real estate downturn. First Continental continues to actively serve these markets today. Additional information about First Continental may be found by visiting their website at http://www.fcontinental.com.

Sam Yager Incorporated (SYI) is a Houston-based, full service mixed-use land development company specializing in single-family residential development. Since 1990, SYI has been actively seeking out high quality land development and real estate related investment opportunities for both private and institutional investors. Additional information about Sam Yager Incorporated and its commercial properties may be found by visiting their website at http://www.syi.net.

Forestar Group Inc., an equity partner in 242, LLC, is a real estate and natural resources company which operates in three business segments: real estate, mineral resources and fiber resources. The real estate segment owns directly or through ventures approximately 219,000 acres of real estate located in nine states and twelve markets in the U.S. The real estate segment has 18 real estate projects representing over 29,600 acres currently in the entitlement process, and 73 entitled, developed and under development projects in seven states and 11 markets encompassing almost 15,800 acres, comprised of over 27,200 planned residential lots and over 2,300 commercial acres. The mineral resources segment manages about 604,000 net acres of oil and gas mineral interests. The fiber resources segment includes the sale of wood fiber and management of our recreational leases. The company also has a 45% nonparticipating royalty interest in groundwater produced or withdrawn for commercial purposes from approximately 1.4 million acres in Texas, Louisiana, Georgia and Alabama and about 17,800 acres of ground water leases in Central Texas. Forestar’s address on the World Wide Web is http://www.forestargroup.com.

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Cheryl Perry
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