Westmount Realty Capital enters Arizona market

Westmount Realty Capital has entered the Arizona market with the purchase of 949 at the District, a 154-unit multifamily community in Mesa, Ariz.

Financial terms were not disclosed.

This deal marks the real estate investment company’s first acquisition in Arizona and first multifamily purchase outside of Texas. Financial terms were not disclosed.

Built in 1979, 949 at the District offers one- and two-bedroom floorplans that average 825 square feet. The property is located at 949 S. Longmore St.

Westmount has plans to rebrand the property as Westmount at the District and do a number of renovations to the property, such as resurfaced counters, stainless steel appliances, refaced cabinets, faux-wood flooring, upgraded lighting and new hardware in units. Smart home technology such as smart thermostats, smart locks and USB outlets will also be implemented.

“Westmount has been tracking the Phoenix market for years, and 949 at the District presented u