Sedona Ridge
11100 Walnut Hill Ln, Dallas, TX 75238, USA
SOLD
Built in 1983, the Sedona Ridge Apartments is a 317-unit complex located in northeast Dallas. The property was bank-owned when we purchased it in 2011. At the time of acquisition, occupancy was severely below-market, and our acquisitions team identified the lack of available parking as one of the main causes of the problem.
Upon purchase, Westmount immediately implemented a transition program which included performing immediate repairs and identifying critical issues to address. 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 was completed, alleviating one of the main factors that was inhibiting occupancy growth.
Click here to view our case study for this property.
Dallas-Fort Worth Multifamily Portfolio
Westmount currently owns five multifamily communities totaling 1315 units in the Dallas-Fort Worth market:
Greens Crossing (Dallas, TX) – Acquired 2012
Westmount at Forest Oaks (Arlington, TX) – Acquired 2016
Skyline at Kessler (Dallas, TX) – Acquired 2019
Westmount at River Park (Fort Worth, TX) – Acquired 2020
The Premier at Prestonwood (Dallas, TX) – Acquired 2022
- A
Asset Quality
- 317
Number of Units
- 2983
Year Built
- 2011
Year Acquired
- 2014
Year Sold
- 87%
Occupancy at Sale
More Information
Daniel Blough
214-884-3719
DBlough@westmountrc.com