HOUSTON, TX – Keener Investments announced the acquisition of a 312-unit apartment building in the Bay Area of Houston, TX. The property is managed by Keener Management, a wholly owned subsidiary of Keener Investments.
"The Montelago Luxury Apartments are our eighth acquisition of an apartment building in the Houston Bay Area," said Stephen A. Smith, chief executive officer of Keener Investments. "Montelago is a 2004 Class A apartment building that is well positioned to benefit from both the submarket's strong fundamentals and our proven value-add strategy known as the Keener Cheeseburger."
Montelago consists mainly of stucco and stone exterior apartment buildings, which are located behind a secured entrance. The community is 13.5 acres and has luxurious amenities such as a resort-style pool, a covered poolside patio area, a 24-hour fitness center, custom gated garages, a coffee bar, and a zoo.
The location is excellent for tenants who work in the immediate area and for commuters. It has convenient access to some of Houston's largest work centers including downtown, the Port of Houston, Texas Medical Center, Hobby Airport, and the Petrochemical Corridor. Tenants will be close to attractive retail and entertainment options including Baybrook Mall, Kemah Boardwalk and Clear Lake.
Keener Investments has completed approximately $ 350 million in transactions since 2016 and continues to actively acquire apartment buildings in Texas.
Source: Sharper investments
