HOUSTON, TX – Keener Investments announced 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.