Partners Acquire 660-Unit Artesian on Westheimer

Fogelman Properties teamed with DRA Advisors to acquire Artesian on Westheimer, a 660-unit apartment complex on Houston’s west side. The partners bought the property at 13099 Westheimer Rd. from Bridge Realty Capital, and are planning upgrades to unit interiors and enhancements to common-area amenities.

Situated on 26.7 acres, Artesian on Westheimer delivered in two phases between 2006-2009, and is 92% occupied. The complex offers one, two, and three-bedroom units ranging in price from $1,066-$1,719 per month. The units measure from 809 -1,447 square feet. Amenities include a yoga room and fitness facility, pet park, soccer field, media room, playground and business center.

“Artesian on Westheimer presents a great opportunity to expand our partnership’s presence in West Houston, particularly within a neighborhood that serves both the Energy Corridor and Westchase employment markets,” said Fogelman’s Mike Aiken.

Photo courtesy of Bridge Realty Capital

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