So far, Keener Management has been recognized as one of the Best Places to Work Multifamily for the past two years and ranked #9 and #12 nationally, respectively, in 20. The company focuses on purchasing and refurbishing multifamily assets (apartment communities) that can benefit from its proven value-add strategy. View more offering details on CrowdStreetĭeal Sponsor: Keener Investments is a Houston-based, fully integrated real estate investment firm. The deal sponsor has agreed to buy the property for $58.8 million ($185,000 per unit) with a value-add program involving an all-in cost of $64.5 million ($202,865 per unit) to remodel 153 units. The property has 15 three-story Hardiplank, stucco and stone apartment buildings, as well as a recently remodeled clubhouse, fitness center and resort-style pool.Īll apartment building roofs were renovated in 2015, and the exteriors of all buildings were freshly painted in 2016. Investment Highlights: Built in 1998, Fuse at Park Row is a Class A garden-style apartment community. Headquarters and Royal Dutch Shell plc’s RDSA U.S.
Investors can fund up to $8.5 million in the Class A multifamily apartment complex in Houston, Texas, built less than two miles from the ConocoPhillips COP World Headquarters, BP plc's BP U.S. The new offering is Fuse at Park Row, a 318-unit multifamily property with an attractive targeted internal rate of return (IRR) of 15.0%.įuse at Park Row is being acquired for $58.8 million, with the deal sponsor planning to raise $19.5 million in equity and contribute $2.9 million to cover the acquisition. Crowdfunding platform CrowdStreet has a new offering for retail investors looking to fund a new value-add real estate opportunity.
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