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TEXAS CITY, TEXAS — Houston-based Keener Investments has acquired The Breakers, a 272-unit apartment property in Texas City, located about 45 miles southeast of Houston. The garden-style property was built in 1983 and features a pool, fitness and business centers, a lakeside jogging trail and private fishing piers. Keener, which acquired the property from an undisclosed seller, will renovate the community’s amenity spaces and unit interiors. Warren Hitchcock of NorthMarq Capital arranged a five-year acquisition loan on behalf of Keener Investments that featured an 80 percent loan-to-cost ratio.