HOUSTON (CoStar Group) – Local firm Vende Capital has purchased Palms on Westheimer Apts. from BRT Realty Trust for $39.9 million, or $50,000 per unit.
The 763,455-sf, 798-unit gated community, which delivered in 1974 and was last renovated in 2012, is located at 6425 Westheimer Rd.
Palms on Westheimer consists of one- and two-bedroom units in 29 buildings. On-site amenities include a business center, clubhouse, fitness center, pool, spa and sundeck.
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