Source: Keener Investments / #Apartments #Multifamily
HOUSTON, TX - Keener Investments announced that it has acquired a 321-unit property through a negotiated off-market transaction. The property is located in Pasadena, TX, and will be managed by Keener Management.
Keener Construction plans to renovate the unit interiors, upgrade amenities and perform light exterior upgrades.
“This property presented an opportunity to grow our existing presence in the greater Houston Bay Area,” said Stephen A. Smith, Chief Executive Officer of Keener Investments. “Pasadena is near the Port of Houston, which benefits from the recent expansion of the Panama Canal. When combined with the solid growth in the petrochemical sector, we see a strong employment base in Pasadena going forward,” said Smith.
Parkside Place is a 321-unit complex that benefits from high visibility on Spencer Highway and easy access to Strawberry Park. The property is family friendly, and Strawberry Park provides recreation and nice views for the residents.
The property is located within a major employment hub with easy access to Beltway 8 and Interstate 45. The Houston Bay Area is home to the world’s largest petrochemical complex, the Port of Houston, Ellington Field, Hobby Airport and the Clear Lake NASA community.