HOUSTON - Clearworth Capital acquired the 177-unit Ponderosa Apartments in Houston.
Ponderosa Apartments was constructed in 1989 on a 6.9-acre site west of I-45 and just off Cypress Creek Pkwy. at 17033 Butte Creek Rd. in the Outlying Harris County Multifamily submarket of north Houston.
The community consists of one- to three-bedroom floor plans, averaging 854 sf, in 17 two-story, garden-style buildings.
On-site amenities include a pool and recently remodeled clubhouse.
Clearworth Capital will implement an extensive renovation plan to include an exterior facelift and modernization of all unit interiors.
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