Westmount Realty Capital Announces Disposition of Multifamily Property in Southeast Houston

Westmount Realty Capital announced the sale of Westmount at Summer Cove, a Class-B garden-style community located at 725 FM 1959 in Houston. Westmount has owned the property for seven years and has invested significantly in capital improvements over the past couple of years.

Westmount at Summer Cove was built in 1983 in two phases and features 376 units, ranging from one- and two-bedrooms and averaging 729 square feet. The community spans 274,112 square feet and features ample open parking, two swimming pools, a children’s playground, and a park-like area with abundant natural landscaping.

Formerly known as Summer Cove 1 and 2, Westmount repositioned and re-branded the project as ‘Westmount at Summer Cove’ and completed extensive property renovations including new exterior paint, new roofs, a remodeled clubhouse, a remodeled fitness center with new equipment and flooring and a remodeled leasing office with a coffee bar. Seventy-five units on the property have been upgraded with brushed nickel hardware, new lighting fixtures, resurfaced countertops and vinyl wood plank flooring.

 

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