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When Clarion Partners acquired the Plantation Apartments at the Woodlands late last year, the 432-unit, luxury complex north of Houston was just three years old and required only minor upgrades and leasing to increase the revenue stream and boost value.

Clarion expects an easy task of maintaining full occupancy at its new multifamily asset. After all, the Houston metropolitan area's economy is one of the strongest in the nation, having added more than 85,000 jobs in the 12 months that ended in May, according to the Bureau of Labor Statistics. The Woodlands shares in that regional growth and stands to gain several thousand jobs over the next two to three years as Exxon Mobil completes a new campus.

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