A Dallas-based real estate investor is planning major upgrades to a North Dallas apartment property, including adding new amenities such as a dog park, package lockers and new fitness center equipment after its recent acquisition.
Westmount Realty Capital purchased Premier at Prestonwood, a three-story, 208-unit apartment property with townhouse-style units at 14827 Preston Road, near Belt Line and Preston roads in North Dallas. Terms of the deal were undisclosed. Westmount purchased the property from Shore to Shore Properties LLC, which acquired the real estate in October 2019 for $37.6 million, according to CoStar data.
“The Premier at Prestonwood is in a highly desirable infill location with its proximity to popular nightlife and entertainment destinations in Addison as well as other retail hubs such as the Galleria Dallas,” said Cliff Booth, Westmount’s founder and chairman, in a statement. “This area along the Dallas North Tollway is a major office hub, making it a destination for commuters working throughout the Metroplex.”
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