WESTMOUNT ACQUIRES 270-UNIT APARTMENT COMMUNITY IN LEWISVILLE

LEWISVILLE, TEXAS — Westmount Realty Capital LLC has acquired Alta Vista Ridge Apartments, a 270-unit multifamily complex in the Dallas suburb of Lewisville. Constructed in 2006 and 2007, the Class A garden-style community is located at 2241 S. Business Highway 121. The property offers one-, two- and three-bedroom residences plus amenities such as a fitness center, swimming pool and game room. The site is in proximity to Grapevine Mills Mall, Vista Ridge Mall and Lake Grapevine. Westmount will renovate the property over 18 months beginning in the first quarter of this year and rebrand the community as Westmount at Vista Ridge. The brokerage of Moran & Co. represented the seller, while the buyer represented itself in the transaction. NorthMarq Capital provided acquisition financing. Knightvest Management of Dallas will manage the property going forward.