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Hamilton Point Investments (HPI) has acquired a four-property Houston apartment portfolio totaling 1,174 apartment units built in 2022. The properties were purchased from a Texas-based multifamily developer for $195 million, which represents a cost per unit of $166,100. Three of the assets closed in late June and one closed in May. The Houston portfolio includes: Prose Champion in Houston, 360 units; Prose Copperfield in Houston, 361 units; Prose Cypress Creek in Cypress, Texas, 240 units; and Prose Franz in Katy, Texas, 213 units.