Westmount Realty Capital, LLC

Background

Founded in 1984, Westmount Realty Capital, LLC is a privately held commercial real estate investment firm headquartered in Dallas, Texas. With over 40 years of experience, the company has established itself as a leader in value-add and opportunistic real estate investments across the United States. Westmount's mission is to build real value through time-tested real estate investing, focusing on industrial, office, and multifamily properties. The firm's innovative approach and ability to navigate multiple market cycles have solidified its significance in the commercial real estate industry.

Key Strategic Focus

Westmount Realty Capital specializes in identifying and capitalizing on market inefficiencies, targeting under-the-radar investment opportunities in primary and secondary markets exhibiting strong job growth and liquidity. The firm's core objectives include:

Value-Add Investments: Enhancing underperforming assets through strategic improvements and repositioning.

Opportunistic Investments: Pursuing assets with potential for significant capital appreciation.

Diversified Portfolio: Maintaining a balanced mix of industrial, office, and multifamily properties.

Westmount employs a creative expertise for successful improvements, leasing, and management solutions, focusing on markets with strong current and projected job growth.

Financials and Funding

As of October 2024, Westmount Realty Capital reported annual revenues of approximately $15 million. The firm has successfully partnered with various institutional and private capital sources to fund its acquisitions and developments. Notably, in January 2022, Westmount partnered with a fund managed by Ares Management Corporation to recapitalize a 51-asset industrial portfolio totaling 6.1 million square feet in Chicago and Milwaukee.

Pipeline Development

Westmount's recent acquisitions and developments include:

Chicago Industrial Portfolio: In February 2025, acquired a nine-building, 391,000-square-foot industrial portfolio in North DuPage County, increasing its regional industrial footprint to 4.8 million square feet.

Minneapolis Industrial Portfolio: Entered the Minneapolis market with the acquisition of a five-building, 845,622-square-foot industrial portfolio in the southwest suburban area.

Phoenix Multifamily Property: Acquired "949 at the District," a 154-unit multifamily community, marking the firm's first multifamily purchase outside of Texas.

Atlanta Multifamily Property: Purchased Walton Ashwood, a 160-unit Class A apartment community in Dunwoody, a northern suburb of Atlanta.

Technological Platform and Innovation

Westmount Realty Capital leverages advanced technologies to enhance its investment strategies and property management operations. The firm's technological stack includes:

Analytics: Utilizes Google Analytics and Facebook Pixel for data-driven decision-making.

Content Management: Employs WordPress for efficient website management.

Development Frameworks: Incorporates AngularJS and Polyfill to enhance web application performance.

These technologies enable Westmount to streamline operations, optimize marketing efforts, and maintain a competitive edge in the real estate industry.

Leadership Team

Westmount Realty Capital's leadership team comprises experienced professionals with diverse backgrounds:

Cliff Booth: Founder and Chairman, with over 35 years of experience in the real estate industry.

Brant Brown: President and Chief Operating Officer, overseeing the firm's operations and strategic initiatives.

Jim Brownlow: Managing Partner, responsible for guiding the firm's investment strategies.

Steve Saxon: Partner, focusing on asset management and value creation.

Stephen Kanoff: Executive Vice President, leading the firm's acquisition and disposition activities.

The leadership team's collective expertise has been instrumental in Westmount's sustained success and growth.

Leadership Changes

In August 2023, Westmount appointed Gina Morrison as Director of Recruiting and Team Development, enhancing the firm's talent acquisition and development strategies.

Competitor Profile

Market Insights and Dynamics

The commercial real estate market is characterized by robust demand for industrial and multifamily properties, driven by e-commerce growth and urbanization trends. Key industry trends include:

Industrial Real Estate: Increased demand for logistics and distribution centers, particularly in major metropolitan areas.

Multifamily Housing: Rising demand for rental housing in urban and suburban markets, fueled by population growth and affordability challenges.

Competitor Analysis

Westmount Realty Capital's primary competitors include:

Blackstone: A leading global investment firm with a significant presence in real estate, managing a diverse portfolio across various asset classes.

Bridge Investment Group: Specializes in value-add real estate investments, focusing on multifamily, office, and industrial properties.

LaSalle Investment Management: A global real estate investment management firm offering a range of investment solutions across property types and regions.