HOUSTON-Westmount Realty Equities LLC and ParaWest Group have acquired the Beverly Palms Apartments, 360-unit community in Houston's Galleria area. Dallas-based Westmount provided investment for the acquisition through the joint venture and the value of the equity was not revealed.
The apartment community is situated at 6061 Beverlyhill St. and is currently 98% occupied. A $1-million renovation of the community is underway. The project aims to convert and contemporize the multifamily property. For the full story, go to Houston Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
