COMPANY PROFILE

Westmount Realty Capital, LLC is active in commercial real estate investment, development, and management, with a goal of achieving superior returns. The company has built a diverse portfolio nationally including industrial properties, retail centers, office buildings, multi-family communities, commercial land and adaptive-reuse historic buildings.

Westmount's principals' many years of industry expertise are demonstrated in their strategic planning and investment decisions. The company's niche is specializing in value-added and opportunistic real estate acquisitions. Westmount's ability to move quickly on transactions has contributed to the company's success and outstanding reputation nationally in the commercial real estate marketplace.

The principals of Westmount along with a number of long-term employees and a stable of loyal investors, many of whom have invested with the company for twenty-five years, have demonstrated an investment strategy that has been exemplified by vision and prudence as well as produced exceptional returns.  Westmount prides itself on searching out niche opportunities, adhering to a strict due diligence regimen and then executing in a superior fashion.  This simple but successful strategy has been employed for many years in multiple product types and in over fifteen U.S. cities.

HISTORICAL TRANSACTIONS 

In the late 1980’s and early 1990’s, Westmount’s principals assembled groups of high net worth individuals from around the world to acquire approximately 10,000,000 square feet of properties across the United States.  Most of these properties were light industrial properties that were purchased from failed institutions, including the Resolution Trust Corporation.  In 1995, the company began to monetize these properties by selling to a variety of institutional owners, including approximately 3,000,000 square feet to what is now Prologis as their first entry into the Texas market.

In 1995, Westmount acquired the landmark Village on the Parkway retail center consisting of 375,000 square foot on 33 acres, formerly known as Sakowitz Village, at the prominent intersection of North Dallas Tollway and Beltline Road in Plano.  This property had been foreclosed and was acquired from the lender.  Westmount undertook a significant renovation of the property and embarked upon an aggressive leasing campaign which resulted in a number of leases allowing the property to be successfully sold in the year 2000.  This is an example of a variety of retail and other properties that were similarly acquired and disposed of during this period of time. 

Additionally, Westmount began at this time to acquire a number of properties in downtown Dallas in a period that was well ahead of the resurgence of activity that has since taken place in downtown Dallas.  One of the transactions that resulted from this effort was the renovation of the Santa Fe II building into Santa Fe Terminal Lofts, a 203-unit rental property.  This historic landmark property was one of the first housing projects in downtown Dallas and was a beneficiary of the Intown Housing Program put together by the City of Dallas.  The property operated as a loft rental property for seven years, and in 2004, the company converted the rental property to a condominium project and recently sold the last of the 203 units.  To date, this is the largest home ownership property in downtown Dallas. 

Westmount embarked on another innovative inner-city project with the redevelopment of the Bronco Bowl site, which it had owned and operated since 1996.  In 2004, the company sold the first parcel of the 22-acre site to Home Depot.  Subsequently, pad sites were developed and sold that were occupied by Walgreens, Chase Bank, Citibank.  The last site was sold to a developer for a retirement community.  This successful retail redevelopment was one of the first of its kind south of the I-30 Corridor and has spurred other development and redevelopment in the area. 

Westmount acquired the coveted 27-acre former Gemini Theater site in Dallas at the northeast corner of N. Central Expressway and Forest Lane in 2006.  This site has been redeveloped as Westmount Health Campus which. in March 2009, welcomed the 66,000 square foot Forest Park Medical facility.  Subsequent phases are under active development.

Also in 2006, Westmount acquired the 1.1 million square foot Logistics Pointe property in Charlotte, North Carolina.  Formerly a Winn-Dixie Distribution Center, Westmount purchased this property out of foreclosure from the lender which was, at the time of purchase, 100% vacant.  Logistics Pointe is now 85% leased.  

In December 2006, Westmount acquired a 420,000 square foot two-story office and high finish assembly building in Plano, Texas from the Alcatel Corporation.  Following minor renovation and the preparation of alternative re-use plans, the property was sold nine months later to Countrywide Mortgage for an office and data center regional facility. 

Recently, Westmount has successfully completed some noteworthy dispositions, even in a very difficult market.  In 2008, the company sold Braker Center in Austin, Texas, a 237,000 square foot flex property acquired 18 months before at 23% occupancy and sold at 93% occupancy. 

 In January of 2009, Westmount sold Riverside Commons to Research In Motion (Blackberry), a transaction that has stood out as a result of the lack of other transactions occurring at this time.  Westmount acquired the 460,000 square-foot, six-building office complex from a REIT three years before when it was 50% occupied.  Following an extensive renovation (including LEED certification) RIM leased 132,000 square feet and subsequently acquired the entire property for its U.S. headquarters.

 In September, 2009, Westmount sold its five-building assemblage in the core of downtown Dallas known as "Westmount Plaza" to the adjacent Joule Hotel.  In a previous transaction, Westmount had sold The Joule its original two buildings.