Texas

SAN ANTONIO — Dallas-based Westmount Realty Capital has acquired The Place at Houston Street, a 200-unit apartment community in San Antonio. Built in 2003, the property offers two- and three-bedroom residences and amenities such as a pool, fitness center, business center, resident clubhouse and a playground. Westmount will upgrade the property’s amenity spaces, landscaping and signage. Following this transaction, the seller in which was not disclosed, Westmount’s San Antonio portfolio consists of three properties totaling 684 units.

DALLAS — Multifamily Property Group has purchased Smith Creek Apartment Homes, a 192-unit market-rate asset in Dallas. Built in 1983, the community offers amenities such as a pool, playground and onsite laundry facilities. Minneapolis-based Dougherty Mortgage LLC arranged a 12-year acquisition loan through a partnership with Old Capital Lending on behalf of Multifamily Property Group. Chris Deuillet and Chandler Sims of CBRE represented the undisclosed seller in the transaction. Smith Creek was 93 percent occupied at the time of sale.

WICHITA FALLS, TEXAS — Dallas-based Vanguard Real Estate Advisors has brokered the sale of Arbor Creek Apartments, a 360-unit multifamily property in Wichita Falls, about 140 miles northwest of Dallas. The Class B community, which was 94 percent occupied at the time of sale, was built in phases in 1977 and 1980. Floorplans feature one-, two- and three-bedroom units and amenities include a pool and a fitness center. Jordan Cortez of Vanguard marketed the property on behalf of the seller, Maven Management, and procured the undisclosed buyer.