Equus Affiliate Picks Up Parkway on Westlake for $53M
An Equus Capital Partners Ltd. affiliate recently acquired The Parkway on Westlake, a 93 percent occupied 320-unit class-A garden-style apartment community located in Humble, TX for $53.2 million. The acquisition was made on behalf of Equus Investment Partnership XI LP, a fully discretionary $387.8 million equity fund managed by Equus.
Built in 2018, The Parkway on Westlake is located at the intersection of Lake Houston Parkway and Madera Run Parkway and offers a mix of one-, two-, and three-bedroom units accessible via private entrances. The property has 12 two- and three-story garden-style residential buildings across an 18-acre site.
The clubhouse features a resident kitchen, coffee lounge, library, social room with billiard table, 24-hour fitness center and business library. Outdoor amenities include an infinity-edge pool with beach entry and heated spa, grilling stations, lakeside firepits and a 2-acre bass-stocked lake.
The Parkway on Westlake is located five miles from Generation Park, a 4,200-acre master-planned commercial development at the center of the Lake Houston community.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.