HOUSTON – (Realty News Report) — ClearWorth Capital has acquired the 260-unit Steeplecrest Apartments in the Jersey Village neighborhood of northwest Houston.
This acquisition marks ClearWorth Capital’s thirteenth renovation project. The firm will partner with Houston-based NOI Property Management, extending an existing collaboration between the two companies.
ClearWorth Capital, headquartered in Addison, Texas, focuses on value-add multifamily opportunities across the state, the company said in a press release.
Steeplecrest is located at 11220 West Road and offers convenient access to major thoroughfares including Highway 290, Beltway 8 and FM 1960. The community was originally constructed in 1993.
ClearWorth Capital is led by Managing Partner and CEO Matthew P. Stone. Over the course of his career, Mr. Stone has developed or acquired more than 7,000 apartment units and has been involved in over $1 billion in commercial real estate transactions across multiple property types.
Oct. 30, 2019 Realty News Report Copyright 2019
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