Source: ClearWorth Capital / #Apartments #Multifamily
HOUSTON, TX - ClearWorth Capital announced its recent acquisition of Redford Park Apartments, a class B multifamily asset located in Conroe, Texas.
Redford Park, built in 1983, consists of 212 units and offers one and two-bedroom floor plans, with an amenity package consisting of a lighted tennis court, outdoor gazebo, resort-style pool, and clubhouse. Residents enjoy convenient access to the numerous retail, dining, and employment centers in Conroe, and are minutes away from Lake Conroe and The Woodlands.
New ownership will soon implement a thorough renovation of the interior and exterior features of the property, including improvements to existing social areas and creating new amenities.
"Redford Park presented an excellent opportunity to invest in a well-maintained asset in one of the fastest growing suburbs in the country," said Jordan Tabbert, VP of Acquisitions for ClearWorth. "Conroe's low cost of living, proximity to The Woodlands and Lake Conroe amenities, high-rated school districts, and abundance of new shopping, dining, and entertainment options have all fueled the recent growth of Conroe, as it evolves into a highly desirable Houston suburb. Redford Park offers residents high-quality living with a wide-array of nearby amenities, all at an excellent price point for the area."