TruAmerica Multifamily has acquired Villas at West Road, a 240-apartment home community located in northwest Houston. With its 11th purchase in the Lone Star State, the Los Angeles-based multifamily investment firm has built its Texas portfolio to approximately 3,300 units in less than 18 months, including 900 units in the Houston MSA.
Completed in 2006, Villas at West Road features a mix of one-, two- and three-bedroom apartment homes averaging 1,137 square feet. Through its multimillion-dollar capital improvement program, TruAmerica plans to upgrade the property with the installation of new quartz countertops, lowered bar tops, stainless steel appliances, vinyl plank flooring, white shaker cabinetry and upgraded lighting/plumbing fixtures.
“Suburban Houston’s impressive population growth and the community’s quality location between The Woodlands and the Energy Corridor are big reasons why it held such major appeal for us,” said TruAmerica Senior Director Ammanuel Metta. “Then add to those fundamental advantages the value-add opportunity we have to elevate all of the apartment homes to a consistent, higher-end finish level and you have a really great investment opportunity.”
Villas at West Road is TruAmerica’s 11th investment in Texas and its third in the Houston metro. The Los Angeles-based multifamily investment firmed established a Central U.S. regional headquarters in Dallas December 2020 under the direction of Metta.