Westmount at
River Park
3309 River Park Dr, Fort Worth, TX 76116, USA
CURRENT AVAILABILITY
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.
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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
- B
Asset Quality
- 280
Number of Units
- 1985
Year Built
- 2020
Year Acquired
Leasing
Portico
888-298-9450
Property Management
Angie Cox
888-298-9450 ext. 754
ACox@porticopm.com
Chasidy Bright
214-396-6998
CBright@westmountrc.com
More Information
Daniel Blough
214-884-3719
DBlough@westmountrc.com