DALLAS--Westmount Realty Capital has acquired the Colonnade Apartments, a class A garden-style apartment property located at 2815 Osler Drive in Grand Prairie.

"Westmount at The Colonnade perfectly fits the expanding multifamily portfolio we are currently building," Clifford A. Booth, president and CEO of Westmount, told GlobeSt.com. "Since 2011, we have acquired more than 3,645 multifamily units and we have an appetite for more projects that offer good upside in markets where job growth and other fundamentals are strong."

Westmount is rebranding the well-maintained apartment community as Westmount at the Colonnade. The project constructed in 2001 consists of 192 units on an 11.19-acre site, for an average of 17 units/acre. With this acquisition, Westmount has purchased a total 2.9 million square feet since 2011.

The Colonnade is a mixture of two- and three-story buildings with sizes ranging from one-bedroom units from 772 square feet to three-bedroom units up to 1,258 square feet. Residents enjoy 382 parking spaces, nine-foot ceilings with crown molding, extensive common area amenities including a clubhouse, swimming pool with fountain, media and business center, fitness center and gated access.

FNMA financing for the acquisition was arranged by the Dallas office of Marcus & Millichap.