HOUSTON–(BUSINESS WIRE)–Keener Investments announced today that it has acquired a 342-unit
multifamily property in Clear Lake City, TX. The property will be
managed by Keener Management.
“The Park at Clear Lake is our seventh acquisition of multifamily
property in the Houston Bay Area,” said Stephen A. Smith, Chief
Executive Officer of Keener Investments. “We have a considerable
footprint in the Houston Bay Area and this property will benefit from
our local management platform. This acquisition reinforces our existing
operations in the area.”
The Park at Clear Lake is a 1970s garden style property that boasts rich
amenities that includes a swimming pool, business center, outdoor
grilling, and is adjacent to Rocket Park. The property benefits from
high visibility on Bay Area Boulevard and has easy access to Interstate
45, Bay Area Boulevard, NASA Parkway, and Highway 3. The property is
close to the NASA-Johnson Space Center, Baybrook Mall, and the Medical
Center of the South.
Keener Investments has now completed approximately $200 million in
transactions since 2016 and is continuing to actively purchase
multifamily communities in Texas.
About Keener Investments:
Keener Investments is a fully integrated real estate investment company
located in Houston, TX. Keener’s strategy involves targeting properties
that offer a strong balance of current cash flow and future
appreciation. As sponsors, we provide all startup capital for every
transaction and significant amounts of capital for acquisitions. Keener
is committed to investing in every deal we sponsor to ensure our
profitability is aligned with our investors.
Please visit: www.keenerinvest.com.
Contacts
Stephen A. Smith, Chief Executive Officer
T: (713) 893-8478
E: [email protected]
