COMMENT OF THE DAY: THE SHELF LIFE OF APARTMENT COMPLEXES “. . . please drive by the Belmont Apartments on Bissonnet between Buffalo Speedway and Kirby. They were built in 1991 and pretty much kicked off the modern era of apartment development in Houston (post 80′s bust). They are in FINE condition at the ripe old age of 21 years. There are plenty more early 90′s vintage complexes around that are also going strong and aging well. Vanderbilt Square (1995). Inverness (1991). Pin Oak Green etc. (1991). City Scape. City Walk. And MANY more. There is nothing wrong with these 20 year old complexes. Finally, take a look at Westchase or Avalon Square and you’ll see 50 year old apartment complexes that are still fine places to live. Yes. Buildings age. And deteriorate over time. But well located assets in high demand sub-markets where the rental rates are high enough to finance proper maintenance can stand the test of time.” [Bernard, commenting on Apartments Replacing Park Memorial Condos in Rice Military: More than Triple the Density]