SAN ANTONIO—The Cape Cod, a class-B garden-style apartment property, is located at 13030 Blanco Rd. Built in 1984, the community has 212 one- and two-bedroom units in 11 two- and three-story buildings. Westmount Realty Capital recently acquired the Cape Cod and is rebranding the 145,680-square-foot apartment community as Westmount at Cape Cod.
“Cape Cod is a well-maintained vintage class-B property with considerable upside potential through additional amenity offerings, exterior renovations and unit interior upgrades,” Michael Anderson, senior director-acquisitions at Westmount tells GlobeSt.com. “Westmount has had continued success across its portfolio in boosting rents through these types of value-add renovations.”
Westmount's exterior upgrades will include refreshed landscaping, new signage, new air conditioning units, upgraded mechanical systems, enhancements of apartment balconies and railings, and an updated clubhouse and fitness center. The interior upgrades will consist of resurfaced countertops, new stainless steel appliances, new lighting and plumbing fixtures, and new flooring throughout.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
