Westbrook Apartments

The Westbrook Apartments project, completed in 2021, features three 12-plex buildings developed by Silver Stone Homes.

This development was remarkably efficient, finishing three months ahead of schedule and under budget by over $300,000, accounting for 7% of the overall cost. Originally budgeted at $4,300,000, the project is now valued at $7,960,000, thanks to favorable rental rates, revenue, and demographic cap rates.

Silver Stone Homes expertly rezoned the vacant land, constructed the apartments, and currently manages the property. They partnered with two silent equity partners who share in the dividends. This strategic collaboration and effective project management have significantly contributed to the Westbrook Apartments’ success and increased value.

The Westbrook Apartments offer a range of modern amenities designed to enhance residents’ quality of life. Each unit features high-end finishes, energy-efficient appliances, and spacious floor plans that cater to various lifestyle needs. The community also boasts landscaped grounds, ample parking, and convenient access to local shopping, dining, and entertainment options, making it a desirable place to live for both families and professionals.

“Great Falls is experiencing a period of housing growth that we just haven’t seen for decades.”

 Jake Clark, GFDA

In addition to the exceptional living spaces, the Westbrook Apartments have implemented sustainable practices to minimize environmental impact. The buildings utilize advanced insulation, low-flow water fixtures, and energy-efficient lighting to reduce utility costs and promote eco-friendly living. This commitment to sustainability not only benefits the environment but also adds to the property’s long-term value and appeal. Silver Stone Homes’ forward-thinking approach ensures that the Westbrook Apartments will remain a sought-after community for years to come.