Westmount Realty Capital
time-tested
For over 30 years, Westmount has employed an industry leading approach to commercial real estate investment that has consistently created value through multiple market cycles.
Our Vision
To inspire new and innovative strategies for commercial real estate investment and development.
Our History
1988 - 1992
Acquired Industrial Properties
Assembled global investors and acquired millions of square feet of light industrial properties–one of the largest assemblage of this type of property at the time–from insolvent banks and the Resolution Trust Corporation. These investments established Westmount as a pioneer in the industrial real estate sector. In 1995, three million square feet of space was sold in one transaction.
1991
Pioneers in Dallas Downtown Housing
We acquired a vacant 230,000-square-foot historic warehouse in downtown Dallas and redeveloped it into the first loft-style apartment project, Santa Fe Urban Lofts. Converted to the SoCo Loft Condominiums in 2004, the units were all sold by 2009.
1995
Village on the Parkway
Purchased the former Sakowitz Village, a 33-acre retail development in Addison. After extensive renovations, it was rebranded as Village on the Parkway and fully leased, leading to a revitalization of the area. The project was successfully sold in 2000.
1996
Bronco Bowl Entertainment Center
Purchased the Bronco Bowl, an iconic Oak Cliff entertainment venue, out of bankruptcy. After several enhancements, the venue successfully resumed operations. In 2003, the property was sold to Home Depot, Chase Bank, and Citibank, spurring additional developments that positively impacted the area.
2005
High-tech Opportunity
Seeing a unique opportunity, we acquired a vacant 420,000-square-foot tech space on Coit Road near Plano Parkway. After performing make-ready services and establishing a sterile tech area, we sold the building to Countrywide Mortgage just nine months after acquisition.
2005
Inside the Loop
Westmount acquired the largest single tract of developable real estate inside Loop 635 in Dallas. The 27-acre property was rebranded Westmount Health Campus and ultimately sold to the developers of what is now Forest Park Medical Center.
2006
LEED Capital
Acquired Riverside Commons, a 400,000-square-foot, six-building office campus in Las Colinas, Texas. Capital improvements included adding upscale tenant amenities to improve occupancy, and the building achieved LEED Silver certification. We sold the property in 2009 to Blackberry RIM, and today it serves as their US headquarters.
2006
Distribution Center to Multi-Tenant Facility
We purchased Winn-Dixie’s former southeast distribution center, a 1.1-million-square-foot cold storage and warehouse facility in Charlotte, NC. We successfully navigated the project through an economic recession, rebranded the property as Logistics Pointe Distribution Center and converted it to a multi-tenant facility. The property was successfully sold in 2015.
2011
Value-add Philosophy and Principles
We began to refocus on multifamily assets and, since, have acquired over 4,300 units in Dallas, Houston, San Antonio, and Phoenix.
2012
Experience Leveraged for a Notable Result
Leveraging experience from a similar project in Charlotte, NC, we acquired another 1.1-million-square-foot cold storage facility in Garland, Texas. Today, after extensive renovations, the property is home to notable tenants including Kraft Foods.
2012
Reputation is Key to Success
We secured key institutional partners and began acquiring larger industrial portfolios, establishing our reputation for successful capital raises. To date, acquisitions exceed 32-million-square-feet of properties across the United States.
2017
On the Rise in Chicago
We purchased a third industrial portfolio in the Chicago market, more than doubling our square footage of properties in the area to just over 5 million square feet.
1988 - 1992
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