More: ClearWorth secures Houston Project; Says it is Looking

The Steeplecrest Apartments have been purchased by ClearWorth Capital.

In Houston,, ClearWorth Capital has purchased the 260-unit Steeplecrest Apartments in the Jersey Village area of Northwest Houston.

Steeplecrest will be the thirteenth renovation undertaken by ClearWorth Capital. ClearWorth is teaming up with Houston-based NOI Property Management, continuing a partnership between the two companies.

ClearWorth Capital, based in Addison, Texas, said it “is seeking value-add multifamily opportunities” throughout the Lone Star State, as stated by a press release from the company.

The Steeplecrest project is located at 11220 West Road near major roadways, including Highway 290, Beltway 8 and F.M. 1960. The project was built in 1993..

ClearWorth Capital is led by Matthew P. Stone, its Managing Partner and CEO. Through his career Mr. Stone has developed or purchased over 7,000 apartment units, and over $1 billion in commercial real estate across multiple property types.