Western Wealth Capital Acquires Brookside Apartment Homes in Arlington, Texas
August 25, 2021
Western Wealth Capital Acquires Brookside Apartment Homes in Arlington, Texas
North Vancouver, Canada (August 25, 2021) – Western Wealth Capital (WWC) announces the closing of its 104th multifamily real estate acquisition – Brookside Apartment Homes in Arlington, Texas. This is Western Wealth Capital’s 12th acquisition in the Dallas-Forth Worth Metroplex and 26th multifamily acquisition in Texas.
WWC and its investment partners closed on the 288-unit multifamily apartment community of Brookside 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.
Brookside is located in Arlington Texas, the seventh-largest city in Texas. Brookside is centrally positioned 5-minutes from Interstate 30 linking to downtown Dallas in 26-minutes and downtown Fort Worth in 23-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.
“Dallas is currently showing positive trends in employment and population growth”, says Jay O’Connor, Senior Director of Acquisitions at WWC. “With increasing demand to live in the city, we are very excited to execute our business plan at Brookside Apartment Homes and begin immediate property improvements for residents to enjoy year-round.”
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
Media and photo requests:
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.
