Westlight Capital, a privately held real estate investment and development firm founded by Doug Faron, has launched with the acquisition of a six-community multifamily portfolio totaling 1,432 units in Gainesville, Fla. The transaction marks the firm’s inaugural acquisition and underscores its focus on high-growth, supply-constrained markets across the United States. Jubeen Vaghefi and Denny St. Romain of CBRE represented the seller and also arranged the $162 million loan for the acquisition.
The Gainesville portfolio consists of six multifamily communities strategically located near major employment drivers, universities and regional infrastructure. The acquisition aligns with Westlight’s strategy of identifying underperforming assets in strategic markets and enhancing value through data-driven deal selection, disciplined execution and institutional asset management.
“Westlight Capital was founded to pursue compelling real estate opportunities with a long-term o
