DALLAS-An attractive location combined with some good forecasted market potential has enticed Westmount Realty Capital LLC and a local operating partner to buy the 364-unit Greens Crossing Apartments. The duo plans to invest $1.2 million in the 1980s-built multifamily property, with an eye toward filling it up and pushing occupancy rates.

“If you look at it from a macro perspective, you see the continued move away from home ownership,” comments Clifford A. Booth, president and CEO of Westmount. He tells GlobeSt.com that there is plenty of multifamily property construction going on locally and nationally – but much of that is on the higher end. The 74% occupied Greens Crossing at 10700 Woodmeadow Pkwy. is a B-minus asset, but the right investment and upgrades combined with growing renter demand for lower-priced properties could lead to a good return on investment for Westmount.

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