Trez Capital’s equity investments partnership program completes sale of project in Desoto, Texas

Trez Capital has sold The Beacon on Westmoreland, in Desoto, Texas. The financial terms were not disclosed.

The Beacon at Westmoreland was built in partnership with Thompson Realty Capital on a 10.41-acre tract and offers 194 units in a class A garden-style apartment complex. Trez Capital provided a $6.31 million equity investment for the acquisition and construction of the project in February 2019.

The Beacon at Westmoreland is located along the southeast corner of Westmoreland and Beltline in Desoto, just 11 miles south of downtown Dallas. The unit mix consists of spacious homes, including 124 one-bedroom units, 58 two-bedroom units and 12 three-bedroom units. The floor plans range from approximately 550 square feet to 1,180 square feet.

Trez Capital’s joint-venture partnership program provides experienced developers with equity investments for value-add and ground-up developments in key markets with strong population, employment and GDP growth. In these ar