Westmount Realty Capital Enters Phoenix Market

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.