- Published on Thursday, 26 September 2013 11:01
ATLANTA, GEORGIA – Westplan has successfully sold Alta Royal Oaks Apartments, a 282-unit Class A apartment project in Houston, Texas. Westplan purchased an interest in the property with Wood Partners in 2004.
It is located in the Westchase district which provides excellent amenities to residents and great access to major employment centers and downtown.
Rob Carter, Executive Vice President, stated “the operations of this project have continued to improve significantly over the past few years. By selling it now we have been able to achieve a great result for our investors.”
Westplan will continue to dispose of some of its investments on a selective basis over the next 12 months to take advantage of the improved capital markets. Its multi-family strategy is to continue to grow its portfolio in Georgia, Florida, Texas and North Carolina with investments in distinct development projects.
Westplan (www.westplan.com) is a privately held company that owns and manages twenty-seven apartment properties with over 9,000 units and a commercial portfolio of approximately 850,000 square feet.
For further information, please contact Rob Carter, EVP, at 770-390-9378.