Investor Seeks TX Value-Add Assets

Three Fountains has 120 one‐bedroom, 120 two‐bedroom and 32 three‐bedroom units.

SAN ANTONIO—With a continued focus on value-add assets, one investor will rebrand a recently acquired property. Three Fountains, a 19-building, 272-unit garden-style multifamily community, is soon to become Westmount at Three Fountains after a recent acquisition by Westmount Realty Capital LLC. Three Fountains was built in 1998 at 7935 Pipers Creek St., and includes 120 one‐bedroom, 120 two‐bedroom and 32 three‐bedroom units.

“Three Fountains presented Westmount with the opportunity to acquire a well-positioned value-add property near the highly desirable neighborhood near Westover Hills in San Antonio,” said Michael Anderson, managing director-acquisitions for Dallas-based Westmount. “With a solid strategy of providing interior unit upgrades, renovating property amenities and improving operational inefficiencies, Westmount believes the market for rent premiums for Three Fountains is favorable.”