Perry Properties Purchases Southern Colony

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Perry Properties has completed purchase of 66 acres with options for additional acreage to complete the development of the Southern Colony Subdivision in Fort Bend County, Texas. The $1.9 million phase acquisition from Elan Development was financed by an investor group out of Dallas, Texas.

BusinessWire

BusinessWire

The acquisition of the starter-home project along FM 521 in Rosharon represents a great opportunity for Perry Properties to create a quality residential community in conjunction with Trophy Homes and Royce Builders, all of whom have signed letters for take-down of the 45 and 55 foot lots commencing in the 3rd quarter of 2007.

    Perry Properties CEO Will Perry said, "The acquisition of the starter-home project along FM 521 in Rosharon represents a great opportunity for Perry Properties to create a quality residential community in conjunction with Trophy Homes and Royce Builders, all of whom have signed letters for take-down of the 45 and 55 foot lots commencing in the 3rd quarter of 2007."

Perry associate and former TV news anchor Bob Boudreaux, who is also participating in the development, has brokered the deal. Southern Colony currently has over 120 homes on the ground and the latest Perry Properties purchase calls for an additional 300 lots in the near term.

Bob Boudreaux can be reached at 281-313-7000 or bboudreaux@wcppi.com.

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