Texas-based Westmount Realty Capital has entered the Phoenix market with the acquisition 949 at the District, a 154-unit multifamily community. This is the firm's first acquisition outside of the Texas market.

Built in 1979, 949 at the District features one- and two-bedroom floorplans that average 825 square feet. Westmount will rebrand the property as Westmount at the District. This deal marks the real estate investment company's first acquisition in Arizona and first multifamily purchase outside of Texas.

Shelton Residential will serve as the property manager of the property.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Phoenix
Multifamily
Capital Markets