Western Wealth Capital Acquires The Carling on Frankford Apartment Homes in Carrollton, Texas
September 29, 2021
Western Wealth Capital Acquires The Carling on Frankford Apartment Homes in Carrollton, Texas
North Vancouver, Canada (September 29, 2021) – Western Wealth Capital (WWC) announces the closing of its 106th multifamily real estate acquisition – The Carling on Frankford Apartment Homes in Carrollton, Texas. This is Western Wealth Capital’s 14th acquisition in the Dallas-Forth Worth Metroplex and 28th multifamily acquisition in Texas.
WWC and its investment partners closed on the 274-unit multifamily apartment community of The Carling on Frankford Apartment Homes, originally constructed in 1983. This Dallas-area deal further solidifies WWC’s footprint in the U.S. multifamily housing market and follows WWC’s disciplined investment criteria.
The Carling is located in Carrollton, Texas, a vibrant city north of Dallas adjacent to both Lewisville and Plano, one of the top cities in Texas for renters. Major employers are in all directions including American Airlines to the southwest and Legacy West Business Center to the northeast. Carrollton is easily accessible to Dallas Fort Worth International Airport in 17 minutes and Downtown Dallas in 28 minutes. This property is a prime candidate for WWC’s repeatable value-add program, including exterior and interior renovations. Most units have washer/dryer connections, and first-floor units have a large amount of yard space suitable for private fenced-in pet yard additions.
“We are seeing an influx of people moving to the Dallas Fort-Worth area as there are many opportunities for employment”, says Jay O’Connor, Senior Director of Acquisitions at WWC. “With increasing amounts of people moving to this area, we are very excited to execute our business plan at The Carling on Frankford Apartment Homes and begin immediate property improvements for residents to enjoy year-round.”
WWC has acquired 106 multifamily rental buildings, representing $2.6 billion in acquisitions. The company’s current portfolio of assets under management includes 56 multifamily rental buildings totalling more than 15,000 units
About Western Wealth Capital
WWC has developed a proven system for investing in multifamily properties in key real estate markets across the U.S. WWC offers investment partners the opportunity to invest in properties with substantial value-add opportunities. Since its inception, WWC has successfully completed more than $3 billion in real estate transactions, including acquiring 104 multifamily rental buildings representing more than 23,000 total units.
WWC’s vision is to build wealth for their investment partners with industry-leading returns. A people-first approach promotes excellence at every point; with highly efficient operations and a true commitment to our communities.
Contact Us
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Alex Collins
alex@westernwealthcapital.com
For more information:
604.260.4789
info@westernwealthcapital.com
www.westernwealthcapital.com
No securities commission or similar regulatory authority has reviewed this content. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and there can be no assurance that Western Wealth Capital will achieve comparable results. This press release includes forward-looking statements. All statements other than statements of historical facts included in this document, including, without limitation, statements regarding the future financial position, targeted or projected investment returns and business strategy are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “forecasted,” “projected,” “estimate,” “anticipate,” “believe,” or “continue” or the negative usages thereof or variations thereon or similar terms. Forward-looking statements reflect our current expectations and assumptions as of the date of the statements, and are subject to a number of known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause actual results, performance or achievements to be materially different from any anticipated future results, performance or achievements expressed or implied by the forward-looking statements. Although we believe that the assumptions on which the forward-looking statements are made are reasonable, based on the information available to it on the date such statements were made, no assurances can be given as to whether these assumptions will prove to be correct. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements contained are expressly qualified in their entirety by this cautionary statement. No representation or warranty is made to the accuracy or completeness of any of the information contained herein.
