HOUSTON, TX – Keener Investments announced that it has acquired a 312-unit multifamily property in North Houston. The property will be managed by Keener Management, a wholly owned subsidiary of Keener Investments.
Villas at Valley Ranch is primarily composed of stucco, stone, and Hardiplank exterior apartment buildings that sit behind secured gated access. The community is on 16.4 acres and has luxury amenities such as a resort-inspired pool, covered poolside patio area, fitness center, spacious clubhouse and business center, nature trails, a pet park and much more.
The property is conveniently located near the intersection of Interstate 69 and the Grand Parkway, providing quick and easy access to Downtown Houston, George Bush Intercontinental Airport, and The Woodlands. It is situated in the Houston suburb of Valley Ranch, a 1,400-acre master planned development with rapidly growing retail and entertainment offerings including Valley Ranch Town Center, Lake Houston Wilderness Park, Randall Reed Stadium, and many proposed or ongoing commercial developments throughout.
We are excited to expand our portfolio into the growing North Houston area with the acquisition of a premier multifamily property in New Caney. The Villas at Valley Ranch Apartments are strategically located at the epicenter of growth for the Grand Parkway in a beautiful master planned community, said Stephen A. Smith, Chief Executive Officer of Keener Investments. Villas at Valley Ranch is a Class A, 2008-vintage multifamily property that is well positioned to benefit from the areas growth trajectory and our proven value-add strategy.
Keener Investments has now completed over half a billion in transactions since 2016 and is continuing to actively purchase multifamily communities in Texas.