Work begins on new apartment complex in Conroe

Allied Realty has broken ground on The Retreat--a new, 210-unit luxury apartment home community located in the heart of Conroe, Texas, with a targeted opening date of early fall 2012.

Developed by Allied Realty and designed by Ted Trout and Associates, The Retreat is conveniently located at 2951 North Loop 336 West, just minutes to downtown Conroe and within 40 miles from downtown Houston. Nestled in the trees and bordering the Conroe Country Club, The Retreat offers easy access to major freeways. Floor plans range from 1-3 bedrooms, and amenities include a state-of-the-art fitness center, a Cyber Café with computer and Wi-Fi access, a sports lounge, a resort-style pool with walk-in feature, carports, garages and storage units.

"This is our first development project in Conroe, but our second development project in Montgomery County within the past year," says Tim Myers, Managing Partner of Allied Realty. "We are very excited to offer the Conroe community an upscale living environment that caters to both professionals and families."

Conroe, Texas is a very livable community with excellent health care, business opportunities, cultural activities and a small-town atmosphere. Beautiful Lake Conroe and the adjacent Sam Houston National Forest offer a wide range of recreational opportunities.

The property will be managed by Orion Real Estate Services, Inc., a division of Allied Realty. Financing and capital for the development are being provided by BBVA/Compass Bank and a partnership between Allied Realty Group, the D'Agostino Companies--a well-known land, office and retail developer in the Conroe/Woodlands area, and other private investors.

Allied Realty is a leading fully-integrated, multi-family real estate investment and development firm headquartered in Houston, Texas, with an additional office in Denver, Colorado. Allied Realty and its investment partners have acquired or developed more than 13,000 multi-family units with a total aggregate value of approximately $1.1 billion.