HOUSTON – January 11, 2022 – Today, Westmount Realty Capital announced the acquisition of Station at Mason Creek, a Class-A, garden-style apartment community located at 21500 Park Row in Katy, a thriving and top-performing submarket of Houston. The 291-unit community consists of one-, two-, and three-bedroom units averaging 772 square feet. Westmount plans to rebrand the property as Westmount at Mason Creek, its tenth Houston-area multifamily acquisition.
“Westmount at Mason Creek is already well-positioned with its proximity to some of Houston’s favored neighborhoods, desirable retail destinations, and highly rated Katy ISD schools. There is also a significant value-add opportunity,” said Scott Ferguson, Westmount’s senior director of multifamily acquisitions. “The property has excellent, thoughtfully-designed units that include 10-foot ceilings, gated patios with private yards and built-in desks for residents working from home. Value-add improvements will include quartz countertops, tile backsplashes and stainless-steel appliances.
Built in 2001, the community features a saltwater swimming pool with a splash pad, fitness center, coffee bar, clubhouse, business center, dog park, and garage and carport parking. Westmount’s planned upgrades include renovation of the clubhouse with an expansion of the existing fitness center. There will also be upgrades to the pool area, outdoor kitchen and the addition of a package locker system. These upgrades along with exterior paint and landscape upgrades will enhance the property to make it a sought-after luxury community in the rapidly growing suburb just west of Houston.
“Over the last 30 years, the population of West Houston has grown 155%, and its share of the region’s population has grown from 19% to 26% during the same timeframe,” said Brant Brown, president and COO of Westmount. “The area is expected to become the new population center for Houston, and with multiple employers, retail and entertainment centers, and top-rated schools nearby, Westmount at Mason Creek is a prime opportunity for Westmount in a booming multifamily submarket.”
With West Houston experiencing explosive development, Westmount at Mason Creek is positioned to benefit as population growth continues to move west of the city’s urban core. The area, which includes the Energy Corridor, has the highest concentration of jobs and population in West Houston, with top employers such as Shell, BP, Academy, and Houston Methodist located along nearby Interstate 10. The property is also located in Katy ISD, ranked no. two in the Houston area.
About Westmount Realty Capital
Westmount Realty Capital, LLC is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for more than 30 years. Westmount is seen as an innovator and leading-edge company in the industry and is a relationship-driven trusted operating partner of numerous U.S. and foreign institutional and private capital sources. The company is active within the U.S., specializing in value add and opportunistic investments, and has navigated successfully through multiple market cycles. For additional information, contact www.westmountrc.com.
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