Little Rock-based BSR Trust acquires West End Lodge apartments in Texas

BSR Trust has completed an acquisition of the West End Lodge apartment homes in Beaumont, Texas, marking the second acquisition BSR Trust has made in Beaumont in under a year. BSR Trust purchased The Pointe Apartments in July 2015.

West End Lodge was built in 2007 and has 360 units in an even mix of one bedroom and two bedroom floorplans. It has received an ApartmentRatings.com “Top Rated Award” three of the last four years.

The garden-style community adds to the growing list of more than 40 multifamily housing properties – or about 9,000 units – owned and managed by BSR Trust in Arkansas, Louisiana, Mississippi, Oklahoma and Texas. The terms of the deal were not disclosed.

“The purchase of West End Lodge is also an indicator of the strategic direction BSR has taken to grow our market-rate based portfolio. West End is a first class property in terms of appearance, construction, location, and amenities. This acquisition reflects our continued effort to provide an exceptional living experience for our residents at a community they are proud to call home,” Daniel Oberste, chief investment officer of BSR Trust, said in a statement.

BSR Trust was first founded in 1956 as Bailey Corp. in Little Rock, and is now headquartered in the historic Union Station in downtown Little Rock. The company employs more than 250 people.