Keener Acquires 318-Unit Houston Community
The property is located in the Energy Corridor area.
The Fuse at Park Row, a 318-unit community in Houston, has changed ownership. Keener Investments acquired the property from 29th Street Capital, which previously purchased the asset in 2019, Yardi Matrix data shows.
Completed in 1998, on a 14.5 acres site, The Fuse at Park Row comprises 15 buildings with one- to three-bedroom apartments, ranging between 620 to 1,433 square feet. Community amenities include a pool with cabanas, a covered poolside patio area, a fitness center, a clubhouse and business center, a playground and a pet park.
Located at 14220 Park Row Drive, along Houston’s Energy Corridor, the property is next to Bear Creek Pioneers Park, offering easy access to green areas. Employment, entertainment and retail hubs are all within easy reach.
The Fuse at Park Row will benefit from strong submarket fundamentals and the company’s value-add strategy, in addition to being located in a booming West Houston area, mentioned Keener CEO Stephen Smith in prepared remarks.
Following the metro’s solid fundamentals, with rent growth hitting double digits on a year-over-year basis, Keener Investments continues to acquire communities in Houston. The firm has invested some $500 million in transactions overall since 2016, now holding more than 2,000 units in the Houston area.