Atlanta-based Preferred Apartment Communities has completed the purchase of two apartment communities in the Houston area for about $76 million. The 165,293-square-foot center is 92 percent leased to anchors Sprouts Farmers Market and Ross Dress for Less in addition to Goody Goody Liquor, Dollar Tree, Five Below, Panera Bread and Leslie's Pool. Kingsland Operating has purchased 47,916 square feet of land in the Reserve at Grand Parkway, a development of Vista Equities at the southwest corner of the Grand Parkway and Kingsland Boulevard, just east of the Katy city limits. CastleRock Communities has purchased 106 acres at the northwest corner of Garth Road and Wallisville Road in Baytown from Sowell & Co.