Westmount at River Park

Westmount at River Park is a Class “B”, garden-style apartment community located in the prestigious River Park neighborhood near southwest Fort Worth. Westmount acquired the property (known then as “River Park Apartments”) in early 2020 and rebranded it shortly afterward. The community was in excellent physical condition at the time of the acquisition, and Westmount plans on implementing various interior and exterior renovations as well as upgrading amenity packages.

Westmount at River Park consists of 280 one- and two-bedroom units averaging 785 square feet. The units are spread among 27 buildings located on a 9.86-acre site. The Property benefits substantially from the River Park neighborhood with strong demographics that include an average household income of approximately $99,785 within a 1-mile radius and a 67% renter-occupied ratio. The property is located four miles west of Texas Christian University (TCU), a private university with over 10,000 students.

At the time of purchase, in-place rents were well below the area’s competitive set across all unit types, creating substantial opportunities for value-add renovations. Westmount plans on focusing capital expenditures on curing deferred maintenance, modernizing the property’s amenity package, and renovating unit interiors. Planned exterior renovations include adding pet yards, covered parking spaces, and relocating the existing dog park to a more suitable area of the property.

Click here to visit the property website.

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