October 23, 2019
Westmount Realty Capital of Dallas, TX entered the Arizona market with its acquisition of 949 at the District, a 154-unit apartment complex at 949 S. Longmore St. in Mesa. The purchase of the 40-year-old complex is Westmount’s first outside of Texas, and the new owner already rebranded the asset as Westmount at the District. The seller was not disclosed.
“Westmount has been tracking the Phoenix market for years, and 949 at the District presented us with the opportunity to enter the region with the acquisition of a well-constructed, vintage multifamily property with a substantial value-add potential,” said Westmount’s Michael Anderson.
Westmount is planning interior unit renovations, and will offer smart-home technology to residents. In addition, the owner will install a package locker system on the property, and implement a valet trash program. Additional amenities are two large swimming pools, clubhouse and leasing office, fitness center, dog park and outdoor grilling stations.
For comments, questions or concerns, please contact Amy Sorter