February 14, 2019
Westmount Realty Capital expanded its San Antonio footprint by acquiring the 200-unit Place at Houston Street. The Class B apartment complex is at 4611 E. Houston St.; MC Companies of Scottsdale, AZ was the seller. The purchase brings the Dallas buyer’s San Antonio portfolio to three multifamily properties totaling 684 units.
“The Place at Houston Street presented Westmount with the opportunity to acquire a distinctive, well-maintained community with substantial value-add potential through improved operations and the addition of fenced yards to a portion of the residences,” said Westmount’s Michael Anderson. He added that additional improvements will include renovations to the pool, clubhouse and landscaping, as well as new signage, fencing, gates and exterior paint.
The property delivered in 2003, and offers two, three and four-bedroom units. On-site amenities include a dog park, large swimming pool, fitness center, business resource center, covered playground and residential clubhouse with a full kitchen.
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