Westmount Quickly Brings Joule to Market Standards and a Successful Sale

Joule Apartment Homes, a class-B garden-style multifamily community located at 10707 IH-10 West in San Antonio, recently sold to an undisclosed buyer. The 300-unit multifamily community consists of one- and two-bedroom units averaging 682 square feet.

Westmount acquired and rebranded the property in early 2019. It is located near top-rated schools and multiple shopping and retail centers. Additionally, Joule Apartment Homes are near South Texas Medical Center and USAA’s headquarters.

Westmount completed multiple renovations and interior upgrades including stone countertops, cabinets and plumbing. Property renovations included clubhouse upgrades, new signage, exterior paint, siding and parking lot repairs.

“Westmount’s time-tested approach quickly brought this asset to market standards which led to a successful sale,” said Cliff Booth, Westmount’s chairman. “Average occupancy in San Antonio is currently just shy of 92 percent, and Joule Apartment Homes is 96 percent occupied.”

The sale price was undisclosed.

 

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