Westmount Realty Capital acquires second multifamily property in Arizona

Westmount Realty Capital has purchased Urban Trails at the District, a two-story, garden-style apartment community located at 1620 W. Southern Ave. in fast-growing Mesa, Ariz.

The 156-unit multifamily community consists of one- and two-bedroom units averaging 728 square feet and is Westmount’s second multifamily property in Arizona.

“Urban Trails at the District is a great investment opportunity in one of the best places to live in Arizona,” said Brant Brown, COO and CFO of Westmount. “Along with interior and exterior renovations, Westmount will modernize the property’s amenities, which will include a new leasing office, a package locker system and a beautiful pool area with grills, shaded areas and a community barbeque area. With year-round sunshine, it was key to enhance the green space and create an enjoyable outdoor space.”

View the full Institutional Real Estate, Inc. story

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