Westmount Realty Capital Acquires Houston Property

Multi Housing News Online

ARTICLE:
Published by Multi-Housing News Online

Westmount at London ParkThe new owner plans a makeover for the 257-unit community, which was completed in 1982.

Houston—Westmount Realty Capital has acquired London Park, a 209,143-square-foot Class B garden-style apartment in Houston and has rebranded the property as Westmount at London Park.

“Westmount has acquired a well-positioned, vintage Class B property with significant value-add opportunity through London Park,” Michael Anderson, Westmount’s senior director-acquisitions, said. “The property is currently 95 percent occupied and provides the opportunity to achieve above-market rent growth by renovating the unit interiors and improving property operations.”

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Source: https://www.multihousingnews.com/post/houston-class-b-property-changes-hands/