HOUSTON—Westmount Realty Capital has acquired Summer Cove Apartments, a class B garden-style apartment complex in Houston. The asset is located at 725 FM 1959 in Houston.
Formerly known as Summer Cove 1 and 2, Westmount is rebranding the apartment community as Westmount at Summer Cove. The two-story project constructed in 1983 consists of 376 units on a 13.82-acre site, for an average of 27 units/acre.
“Summer Cove has many aspects that make it a solid investment for Westmount,” Clifford A. Booth, president and CEO of Westmount, told GlobeSt.com. “The community is in a prime location for busy urban professionals and the property is in excellent condition. Also, since the property currently has competitive monthly rents, we believe that unit interior upgrades bring a value-add opportunity.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
