Search
 

Re-Branding to Go With Recent Multifamily Acquisition

SAN ANTONIO—As one of the fastest-growing large US cities, San Antonio has experienced strong and steady job growth, and the property's location allows residents to commute to the city's major employers.

By Lisa Brown | lisabrown | Updated on December 06, 2016

Westmount at Cape Cod The multifamily property will be rebranded as Westmount at Cape Cod.

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.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.