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Thursday, 10/22/2015 9:50:37 AM

Thursday, October 22, 2015 9:50:37 AM

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ROI Land Investments to Acquire Land in Montgomery County, Texas.

ROI announced today it has entered into a binding agreement to acquire 250 acres, or 10.9 million square feet, of land in Montgomery County, Texas for approximately $8.3 million. ROI intends to develop 900 residential housing units on the property, which is located 40 miles northwest of downtown Houston and adjacent to the city of Conroe. The acquisition is expected to close in the first quarter of 2016.

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