For over 40 years, Westmount has employed an industry leading approach to commercial real estate investment that has consistently created value through multiple market cycles.
Building Real Value through time-tested Real Estate investing
The Booth family moved their French-Canadian antique business from Montreal to Dallas, restoring the Victorian home at 2516 Maple Avenue (now the Hotel St. Germain) as the gallery. This inspired Cliff to launch a career in real estate.
After growing our reputation and investor base, we began acquiring light industrial properties throughout Texas and the Southwest U.S., assembling one of the largest portfolios of light industrial at the time totaling over 3.5M SF.
We completed one of the first warehouse to multifamily conversions in Downtown Dallas, transforming the vacant 230,000 SF Santa Fe Railroad building into the SoCo Urban Lofts. We also worked with the City of Dallas to establish the In-town Housing Program.
We purchased the Bronco Bowl, an iconic Oak Cliff entertainment venue, out of bankruptcy and successfully resumed operations after completing several enhancements and renovations, continuing operations until 2003. Today, Home Depot, Walgreens, Chase Bank, and Citibank reside on the land as some of the earliest higher-end retail developments in the Oak Cliff area.
We doubled down on Dallas, acquiring numerous historic commercial buildings on Main and Commerce St when interest in Downtown real estate was waning. Most of the buildings were sold in the mid-2000’s and developed into the Joule Hotel and the surrounding shops.
We acquired our first industrial property in the Southeast, Winn-Dixie’s former regional logistics center, at full vacancy. After repositioning it as a multi-tenant facility, executing several renovations, and rebranding it as “Logistics Pointe Charlotte”, we sold the asset in 2015 at 90% occupancy.
Taking the lessons that we learned from our many years of experience with value-add industrial and office, we refined our investment strategy and grew the multifamily leg of our platform, targeting Class B and C assets in Texas.
We acquired another 1.1M SF dry and refrigerated warehouse in Garland. After completing numerous capital projects including a roof raise and converting a dry warehouse into cold storage, the property was sold in 2020 and awarded the best real estate deal of the year by the Dallas Business Journal.
We secured several key institutional partners during the early- to mid- 2010’s and began acquiring larger industrial portfolios, further establishing our reputation for successful capital raises. This enabled us to begin acquiring multi-million- square-feet portfolios across several regions in the U.S.
During the late- 2010’s, we began assembling a Chicago-area industrial portfolio and opened a regional Chicago office. Several portfolio acquisitions in this market comprised mainly of infill light industrial properties in the O’Hare, DuPage, and Cook submarkets established Westmount as a growing industrial player in the region.
Near the turn of the decade, we expanded our multifamily portfolio outside of Texas, focusing acquisitions Southwest and Southeast markets including Phoenix, Atlanta, and Orlando. These acquisitions solidifying our experience and reputation as a nationally focused real estate investment platform through extensively expanding our depth of experience.
In the early-2020’s, we focused our acquisition efforts heavily on several key markets in the Southeast U.S. including Atlanta, Florida (Jacksonville, Tampa, Orlando), and the Carolinas. We also opened a regional office in Atlanta to support our acquisitions and asset/property management personnel in the region.