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Clearworth purchases Ponderosa ApartmentsClearworth purchases Ponderosa Apartmentshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=148672016-10-13T05:00:00Z2016-10-13T20:00:00Z

​HOUSTON – ​​​​Clearworth Capital LLC has acquired Ponderosa Apartments​, a 177-unit Class C multifamily asset in the 1960/Champions neighborhood.

​Built in 1979​, the community sits on 6.9 acres at 17033 Butte Creek Rd. and consists of 17 two-story buildings. Ponderosa has one-, two-, and three-bedroom floor plans averaging 854 sf.

Clearworth​ is planning interior and exterior renovations. ​An affiliate of Clearworth, NOIPM, will manage the property.

Hayden Properties was the seller. Northmarq Capital arranged the debt and equity financing. ​

PRNewswire
Houston-The Woodlands-Sugar Land
Multifamily
http://www.prnewswire.com/news-releases/clearworth-capital-acquires-ponderosa-apartments-in-north-houston-300340300.htmlRead more at {Source}

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