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Texas  + Houston-Galveston  + Apartments  | 
Eldridge

Westmount Strives for Boutique Apartment Feel in Houston

Westmount Realty Capital recently acquired West End on Eldridge, a class-A Mediterranean-style apartment community located at 2255 Eldridge Pkwy. in the Energy Corridor. The 192-unit multifamily community consists of one- and two-bedroom units averaging 911 square feet and is Westmount’s fifth multifamily property in Houston.

“A lack of comparable sites and high material costs make Westmount at Eldridge difficult to duplicate,” said Scott Ferguson, senior director of multifamily acquisitions at Westmount.

The property will be rebranded as Westmount at Eldridge during a renovation phase. Westmount’s interior upgrades along with common area amenity upgrades will create a true boutique apartment community for the 1999-built property. A Fetch package delivery program and pet yards will also be added to match nearby class-A amenities.

The Energy Corridor is home to many top employers including BP America, Citgo, ConocoPhillips, Shell, Sysco and Gulf States Toyota. “The Energy Corridor has seen a 155 percent population growth since 1990, but the supply pipeline has abated,” said Brant Brown, president and COO of Westmount. “This submarket welcomed a significant amount of new product coinciding with the 2015-2016 oil downturn that caused rents to decline and concessions to increase. With minimal future supply in west Houston’s ‘growth epicenter,’ no properties in lease-up and rents far below their previous peak made this property a solid investment to add to our growing multifamily portfolio.”

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Inside The Story

Scott Ferguson

About Lisa Brown

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.

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