Saturday, October 22, 2016

Stonemark Managing Barringer Square Apartments; Firm Managing 29SC’s Fifth Houston-Area Community

Walt Lamperski
Atlanta, GA – Multifamily property management firm Stonemark Management has been contracted to manage another Houston-area community for 29th Street Capital (29SC).

Stonemark is now leasing Barringer Square Apartments, formerly know as Clear Lake Condominiums. It is also supervising a $2 million renovation of the community, which has 284 one- and two-bedroom apartments.

29th Street Capital, a privately-held real estate investment and advisory firm, acquired the Webster, Texas community in late September. Stonemark now manages seven communities for 29SC, including five in or near Houston.

“We are excited about the opportunity to make a big difference in this community,” said Stonemark President Walt Lamperski. “Marketing, leasing and supervising large renovations like this are our strong points, and we look forward to continuing to work closely with 29SC. Our goals and skills are well-aligned,” he added.

“We are very excited about this asset’s potential and are looking forward to implementing and executing our business plan with the Stonemark team,” said Javier Bustillo, 29SC’s Senior Vice President of Acquisitions for Texas and Georgia.

For a complete copy of the company's news release, please contact:

Terri Thornton
Partner, Thornton Communications

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