Equus Capital Partners has acquired The Parkway on Westlake, a 93 percent occupied, 320-unit class A garden-style apartment community located in Humble, Texas, part of the Greater Houston MSA, for $53.25 million. The acquisition was made on behalf of Equus Investment Partnership XI, a fully discretionary $387.8 million equity fund managed by Equus.
Built in 2018, The Parkway on Westlake is located at the intersection of Lake Houston Parkway and Madera Run Parkway and offers a mix of one-, two- and three-bedroom units. The property contains 12 two- and three-story garden-style residential buildings across a spacious 18-acre site. Residents access their units via breezeway corridors and private unit entrances. The expansive clubhouse area is centrally located and features a resident kitchen, coffee lounge, library, and social room with billiard table, 24-hour fitness center with a Spin/Yoga/Pilates studio featuring a WellBeats system, golf simulator, and business library. O
