Copper Mill

HOUSTON—Westmount Realty Capital LLC has purchased more than 4,000 multifamily units in Texas since 2012 and had success across its portfolio in boosting rents by making various unit upgrades. It also knows the value of location.

Its latest acquisition is Copper Mill, a garden-style multifamily community located at 15910 FM-529 in the rapidly growing Northwest submarket. It has access to the Greater Houston metro area and a large number of employers via major thoroughfares including Interstate 10, Highway 6, Highway 290 and the Sam Houston Tollway. It will directly benefit from the Texas Department of Transportation's program to update US 290 because of its location along FM-529, a roadway with one of the highest traffic counts leading directly onto US 290. The plan includes relocation of exit ramps farther from residential streets to provide safer and less congested conditions, while improving traffic flow.

The newly acquired property is poised to take advantage of that traffic count. Built in 1983, Copper Mill has 234 one- and two-bedroom units, as well as one-bedroom townhome floor plans. The company will rebrand the 177,250-square-foot community as Westmount at Copper Mill.

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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.