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ClearWorth Capital adds to Houston portfolio with partner
Transactions - OCTOBER 30, 2019

ClearWorth Capital adds to Houston portfolio with partner

by Released

ClearWorth Capital has acquired Steeplecrest Apartments, a 260-unit multifamily property located in the Jersey Village/Cypress area, a prominent suburb in northwest Houston. A sales price was not disclosed.

“Steeplecrest presented an ideal investment for us. It was an attractive price for a property in great shape in a great location, but still with a lot of potential for upgrades that will appeal to renters,” said Matthew Stone, managing partner of ClearWorth. “The rents in the area are strong as well. This particular area of Houston has not experienced the recent wave of new supply, and the limited pipeline of deliveries bodes well for continued rent growth.”

Steeplecrest will be the 13th renovation undertaken by ClearWorth Capital.  ClearWorth is teaming up with Houston-based NOI Property Management.

 

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