Investor Looks for New Ways to Bet on Cold Storage After Latest Deal

Westmount Realty CEO: Pandemic Convinced Us to Move Forward on Developing Cold Storage Facilities

After Westmount Realty Capital’s decision to part with its last-owned cold storage facility in its portfolio, CEO Cliff Booth said his team is looking for new ways to invest in this hot part of the real estate market.

The Dallas-based real estate investment and development firm and a fund managed by New York-based DRA Advisors sold Dallas Food Center, a 1.13 million-square-foot cold storage facility originally built for grocery store Tom Thumb at 2600 McCree Road in Garland, Texas. The buyer was Miami-based Scout Capital Partners. Terms of the deal were undisclosed.

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