HOUSTON, TX - ClearWorth Capital announced its recent acquisition of The Palm on South Padre, a 299-unit multifamily asset located in Corpus Christi, Texas.
The project fronts South Padre Island Drive and is near several significant demand drivers, including Texas A&M Corpus Christi, the Naval Air Station, and one of the largest health care and surgical centers in South Texas. Community amenities include two swimming pools, onsite dog park, and a large outdoor courtyard.
The ClearWorth Capital team will implement a thorough overhaul of the interior and exterior features of the property resulting in a dramatic physical transformation. Improvements include new and renovated social areas and common spaces. Unit interiors will receive a full upgrade, including new flooring, cabinet fronts, countertops, appliances, window treatments, lighting and plumbing fixtures, and kitchen backsplashes. Additional enhancements include new signage, landscaping redesign, and a fresh exterior paint scheme.
The Palm on South Padre will be the twelfth renovation undertaken by ClearWorth Capital. ClearWorth is teaming up with Houston-based NOI Property Management, continuing a long partnership between the two companies.