“Terrace Villas is our eighth property we will manage in the Houston Bay Area” said Stephen A. Smith, Chief Executive Officer of Keener Management. “We have a strong management team with local market knowledge that will ensure the buyer effectively implements a value-add strategy and reinforces our portfolio presence in the area.”
Terrace Villas is a 1970s garden style property with an average unit size of 831 square feet. The property benefits from high visibility on El Camino Real in Clear Lake and has easy access to Interstate 45, Bay Area Boulevard, NASA Parkway, and Highway 3. The property is close to the NASA-Johnson Space Center, Baybrook Mall, and the Medical Center of the South.
Keener Management has now managed roughly 1,400 units since 2016 and is continuing to manage multifamily communities in Texas.February 13, 2019