ClearWorth Capital LLC Acquires Property At 800 Custer Rd Richardson From Seller Represented By Jaxx Davis

ClearWorth Capital LLC has acquired Belle Grove at Custer, a multifamily property located at 800 Custer Rd, Richardson, TX, 75080, within the Richardson market. The property comprises 202 units featuring one-, two- and three-bedroom layouts, alongside various amenities including a fitness center, business center, playground, tennis court, walking/biking trails, and onsite laundry facilities. At the time of sale, Belle Grove at Custer was 94 percent occupied.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Address: 800 Custer Rd, Richardson, TX, 75080
• Seller's Representative: Jaxx Davis - CBRE
• Buyer: ClearWorth Capital LLC
• Market: Richardson
• Occupancy Rate at Sale: 94 percent

The acquisition involved key individuals from CBRE, including Chris Deuillet, William Hubbard, and Jaxx Davis, who facilitated the transaction representing the seller. ClearWorth Capital's plans for the property include implementing a value-add program to enhance its appeal and performance in the market.