Westmount Realty Capital, a leading private real estate investment firm specializing in commercial investment and multifamily properties, recently announced the sale of a multifamily asset in San Antonio’s East submarket, Westmount at Houston Street is a 200-unit, townhome-style multifamily community located at 4611 E. Houston Street.
Built in 2003 and situated on 18 acres, Westmount initially acquired the apartment community in 2019. The property features 37 residential buildings, a mix of two-, three-, and four-bedroom units averaging 1,331 square feet, and an array of attached and detached garages. The property also includes a resort-style pool, cabana and sundeck, a playground, a dog park, a clubhouse, within a business and fitness center. At the time of sale, the community was 91.5% occupied.
“Westmount at Houston Street has been a strong performer in our portfolio, offering a townhouse-style living, and long-term value creation potential,” said Scott Ferguson, senior director of multifamily acquisitions at Westmount Realty Capital. “This transaction highlights continued investor demand for well-located, value-add multifamily assets in San Antonio. We’ve brought great stability to the property and believe the new ownership is well-positioned to build on that foundation to meet the evolving needs of San Antonio’s growing renter base.”
Situated along a major corridor with visibility to over 21,000 vehicles daily, the property benefits from strong access to I-10 and Loop 410 and proximity to key employers including Joint Base San Antonio, H-E-B, and the South Texas Medical Center. The area is experiencing robust economic and population growth as San Antonio is one of the fastest-growing major cities in the U.S. The metro population is projected to surpass 3 million by 2030. Long overlooked, East San Antonio is gaining traction with investors due to its proximity to downtown, the Frost Bank Center, and major redevelopment corridors.
After four decades, Westmount continues to actively evaluate acquisition and disposition opportunities across key Texas markets, with a focus on well-located assets that offer scale, operational upside, and long-term value creation potential.
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 40 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.
