HOUSTON—Dallas-based Westmount Realty Capital LLC has acquired the 542-unit Braesridge Apartments, located in southwest Houston, and will rebrand the garden-style community as Westmount at Braesridge.
The three-story asset, constructed in 1982, consists of 413,276 square feet on 16.74 acres, for an average of 32 units per acre.
"Acquiring a community that has been well maintained is a great opportunity for us because we can focus on upgrades rather than rehabilitation,” Clifford A. Booth, president and CEO of Westmount Realty Capital, told GlobeSt.com. “Braesridge has great potential for long-term returns."
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