11100 Walnut Hill Lane
Dallas, TX 75238
The Sedona Ridge Apartments is a 317-unit complex located in northeast Dallas, TX. The property was bank-owned when we purchased it with an occupancy rate in the 80% range. The property had a shortage of parking which was inhibiting growing the occupancy rate.
When ownership of the asset was taken, Westmount immediately implemented a transition program which included performing immediate repairs and identifying critical issues to address. Since assuming control, we have evicted or allowed to vacate undesirable tenants, totaling approximately 10% of the community. Most notably, approval was received from the City of Dallas to construct new parking spaces on the adjacent .69 acre parcel of land. The parking area has now been completed which alleviates one of the main factors that was inhibiting occupancy growth. We are pleased with the progress of the partnership and operations of the property.
Westmount Realty Capital, LLC