ClearWorth Capital has purchased Parc at Woodmoor, a class B, 220-unit multifamily asset located in The Woodlands submarket of Houston. The financial terms were not disclosed.
Parc at Woodmoor offers one- and two-bedroom units along with a pool, clubhouse, and detached garage units. The property is surrounded by numerous high-end shopping centers, restaurants and new single-family development.
“We are thrilled to be entering this highly sought-after submarket in Houston,” said Jordan Tabbert, senior vice president of investments. “The Woodlands has solidified itself as arguably the best suburb in Houston. The area continues to attract new residents due to award-winning schools, high-quality retail and dining, and a diverse employment base. Parc at Woodmoor’s location offers easy access to the surrounding amenities with pricing at an exceptional value to residents. The property will benefit immediately from a new professional management team in addition to targe
