Hamilton Zanze (HZ) has acquired the 200-unit Park at Waterford Harbor Apartments in Kemah, Texas. This represents HZ’s 26th acquisition in Texas.
The community, built in 1996, is 29 miles southeast of downtown Houston, which has become a headquarters hub for several Fortune 500 companies, including Phillips 66, Sysco and Hewlett Packard Enterprise.
“We are very excited to add Park at Waterford Harbor to our portfolio and add another asset in the Clear Lake submarket,” said David Nelson, Hamilton Zanze’s CIO. “Its appealing location on the Kemah Harbor, proximity to NASA’s Johnson Space Center, other strong job drivers in the Houston metro, and the wide range of amenities and floorplans the property offers drew us to the opportunity. Along with our nearby property Signature Point, we look forward to continuing to grow our presence in the Houston MSA.”
The Park at Waterford Harbor Apartments was 96.5 percent occupied at purchase. The community is lo
