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ClearWorth Nabs 548-Unit, Class C Portfolio
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ClearWorth Capital LLC acquired The Hamptons and Las Brisas on El Dorado, a Class C portfolio located in Houston’s Clear Lake submarket. The Texas buyer struck the deal with seller Adams LaSalle Realty, which is headquartered in Chicago.
The sales price was undisclosed, with The Hamptons valued at $12.3 million and Las Brisas assessed at $6.2 million. HFF represented the seller in the transaction, while Nathan Stone with Northmarq Capital arranged financing for both properties.
The Hamptons, at 16202 El Camino Real, delivered in the mid-1970s, and consists of 347 units. It offers one-, two- and three-bedroom floor plans, with an average unit size of 947 square feet. Las Brisas at 707 El Dorado Blvd., delivered in 1979, and consists of 202 units. Floor plans consist of one-, two- and three-bedroom units, ranging from 848 to 1,287 square feet.
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- ◦Sale/Acquisition
