Port Coquitlam-based investment firm Duperron Group has spent US$11 million on 41 buildings in a gated community in Houston, Texas, to expand its U.S. real-estate portfolio.
“Our research has shown Houston to be a growing city, both in jobs and population. It has strong fundamentals,” said Duperron Group president Dean Duperron. “We will be adding to our portfolio in this market for the next while.”
The Duperron Group owns four apartment buildings in Canada.
Its newly acquired buildings at the Oaks at Cypress Station Apartment Complex contain 294 units as well as amenities such as three swimming pools, a club house, an exercise facility and three laundromats.
The Duperron Group emerged from the company that owned and built Sprott Shaw Community College before selling it for $12 million to CIBT Education Group (TSX:MBA) in 2007.
