HOUSTON--(EON: Enhanced Online News)--Keener Investments announced today that it has acquired a 162-unit property in an off-market transaction. The property is located within the Nassau Bay/Clear Lake City area of Houston, TX.
“We have an excellent team at Keener Management and we are confident in our ability to execute our value-add strategy at this property”
“We have been targeting acquisitions in the Houston Bay Area due to its strong employment base, exceptional industry growth, and significant infrastructure expansion. The area also offers a high quality of life for its residents which makes this a high priority area for Keener Investments,” said Stephen A. Smith, Chief Executive Officer of Keener Investments.
The property will be managed by Keener Management. “We have an excellent team at Keener Management and we are confident in our ability to execute our value-add strategy at this property,” Smith said. Keener Management intends to rebrand the property in early 2017.
The property is located in a major employment hub 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. There are over 100 restaurants in the nearby area and the property is close to entertainment venues such as the Kemah Boardwalk.
About Keener Investments:
Keener Investments is a value-add multifamily investor located in Houston, TX. Keener’s strategy involves targeting properties that offer a strong balance of current cash flow and future appreciation. We are currently focusing on the Houston and surrounding market areas. As sponsors, we provide all of the 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.