Beverly Palms
6061 Beverly Hill St, Houston, TX 77057, USA
SOLD
Constructed in 1970, this 362-unit, garden style apartment community is located approximately 1.5 miles from the Houston Galleria Mall, placing it in one of the strongest performing economic metro areas in the nation. Its location is also one of the top 5 submarkets in Houston for highest average rental rate.
Although the property was well-maintained, the most recent owner had a very conservative operating approach to maintenance, particularly since occupancy rates hovered around the 98% mark. To further enhance revenue growth, we budgeted approximately $1,000,000 for renovations. These included modernizing the property’s exterior by repainting, adding architectural enhancements, upgrading the common areas, and finally applying new finishes and fixtures in unit interiors.
Click here to view our case study for this property.
Houston Multifamily Portfolio
Westmount currently owns six multifamily communities totaling 1796 units in the Houston market:
Westmount at Braesridge – Acquired 2015
Westmount at London Park – Acquired 2017
Westmount at Copper Mill – Acquired 2017
Hollow Tree Park – Acquired 2018
Westmount at Eldridge – Acquired 2021
Westmount at Mason Creek – Acquired 2022
- B
Asset Quality
- 362
Number of Units
- 1970
Year Built
- 2012
Year Acquired
- 2018
Year Sold
- 95%
Occupancy at Sale
More Information
Daniel Blough
214-884-3719
DBlough@westmountrc.com