Praedium Group Acquires Houston’s Lenox Clear Lake
New York-based Praedium Group has purchased the Lenox Clear Lake, a 382-unit multifamily property n suburban Houston. The project, built in 2021 is the second acquisition by the company in the Houston area in just the last few months.
The high-end property features traditional flats and two-story townhouse units with gourmet kitchens and granite countertops.
Amenities include two resort-style pools and cold spas, cabanas with flat-screen TVs, a poolside pavilion and outdoor kitchen. Apartment dwellers have access to a private jogging trail adjacent to Bay Area Hike and Bike Trail.
In addition the complex has numerous private workspaces at a business center, an indoor modern clubhouse and a recreational lounge with a pool table and arcade games.
Praedium has completed over 390 transactions representing $12 billion in capital.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.