TPEG funds acquisition of two multifamily communities in Houston

TPEG partnered with ClearWorth Capital, LLC to acquire and renovate two garden-style multifamily communities within 1.5 miles of each other in the Clear Lake area of Houston, Texas. The Hamptons Apartments was built in 1974 and 1975 and has 347 units, and Las Brisas on El Dorado is a 202-unit community built in 1978. TPEG provided $10.56 million of preferred equity and mezzanine capital.

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