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Westmount Makes First Buy in Fort Worth

Westmount Realty Capital, LLC closed the acquisition of River Park, a 280-unit, garden-style multifamily community in southwest Fort Worth. Deal terms weren’t disclosed. Built in 1985, the 27-building community offers a mix of one and two-bedroom units.

“Westmount has been active in the multifamily space in North Texas for 30 years, but the acquisition of River Park marks our first multifamily purchase in Fort Worth,” said Cliff Booth, CEO of Westmount.

He added, “Fort Worth has strong economic fundamentals, steady growth and a multifamily occupancy rate that is higher than the national average. These traits make the Fort Worth market very appealing, and Westmount is actively looking for multifamily investment opportunities in similar markets across the Southwest.”

Specifically, said Westmount Managing Director Michael Anderson, “River Park presented Westmount with the opportunity to acquire a well-maintained multifamily community with significant value-add potential in a strong submarket of Fort Worth.”


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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