The 10.41-acre development includes 194 units in a Class A garden-style apartment complex
DALLAS, August 9, 2021 / CNW / – Trez Capital is pleased to announce the sale of The Beacon on Westmoreland, in Desoto, Texas. The tag at Westmoreland was built in partnership with Thompson Realty Capital, LLC on 10.41 acres of land and offers 194 units in a Class A garden style apartment complex. Trez Capital has provided a $ 6,307,385 equity investment for the acquisition and construction of the project in February 2019.
The tag at Westmoreland is located along the southeast corner of Westmoreland and Beltline in Desoto, just 11 miles south of downtown Dallas. The unit mix consists of spacious homes, including 124 one-bedroom units, 58 two-bedroom units, and 12 three-bedroom units. Floor plans vary from approximately 550 square feet to 1180 square feet.
âOur customer-centric mindset, reliability and transparency define Trez Capital and have made us a partner of choice for major developers and owners of real estate. Canada and United States search for short and medium term financing on a diversified range of commercial real estate development projects â, declared the President and CEO of Trez Capital, Morley Greene. âFor years we have been providing equity investment solutions and know that The Beacon on Westmoreland is a strong addition. ”
Trez Capital’s Joint Venture Partnership Program provides experienced developers with equity investments for value-added developments and fundamental developments in key markets with strong population, employment and GDP growth. In these areas, Trez Capital targets investments in multi-family, single-family rental, industrial and self-storage asset categories. Trez Capital, together with its development partners, intends to provide capital appreciation to investors throughout the development process and sustainable income from long-term property ownership.
âWe employ rigorous due diligence in our partner selection process,â said John D. Hutchinson, President of Trez Capital, Central and Southwestern United States âWe take many factors into account before participating in a partnership project and we rely on our knowledge of the field. This has allowed us to fund many successful investments and maintain our record of impressive returns for investors. “
Thompson Realty Capital has over 25 years of experience in the acquisition, development and management of multi-family residential, office and single-family residential projects. The tag on Westmoreland is the third project that Trez Capital has completed with Thompson Realty Capital. All projects generated higher returns than expected for investors.
“We are proud to be part of The Beacon on Westmoreland team â, said Tom champ, President of Thompson Realty Capital. âWe are participating in the tremendous growth of Texas and the Southwestern United States and the ability to work with partners such as Trez Capital ensures that we deliver the communities residents seek. “
With a focus on community, The Beacon on Westmoreland consists of seven three-story buildings and an amenity center with a club room, resort-style swimming pool, luxury grill stations, a state-of-the-art fitness center, controlled access gates and supervised, 24-hour emergency maintenance, free Wi-Fi – Fi access in some areas, a dog park, a playground, a walking path around the community courtyard, as well as large entertainment areas outside.
For more information on the financing of this investment and Trez Capital’s equity investment partnership program, please contact John hutchinson, President of Trez Capital, Central and Southwestern US at 214.545.0952 or [email protected]
About Trez Capital
Founded in 1997, Trez Capital is a diversified real estate investment firm and a preeminent provider of commercial real estate debt financing solutions in Canada and the United States. Trez Capital provides private and institutional investors with strategies to invest in a variety of opportunistic and fully secured mortgage investment funds and similar investment assets and provides real estate developers and owners with rapid approvals on flexible short and long term financing. medium term.
With offices in Vancouver, Toronto, Dallas, Atlanta and palm beach, Trez Corporate Group has more than $ 3.9 * CAD in assets under management and has financed more than 1,500 transactions totaling more than 13 billion dollars CAD since its inception. the Dallas office funded more than US $ 4 billion in loans and equity. For more information, visit www.trezcapital.com. (* Trez group assets under management include assets held by all entities related to Trez as well as AUM of the $ 2.7 billion manager (Trez Capital Fund Manager Limited Partnership)).
About Thompson Realty Capital, LLC
For more than forty years, Thompson Realty Capital, LLC and its predecessor have developed significant residential, mixed-use, office and retail properties in the Dallas / Fort Worth, Austin, San Antonio and Northern virginia markets. With multi-family development as a primary focus over the past decade, the company has developed, owned, managed and sold nearly 10,000 units. The company has also developed mid-rise office buildings, suburban office buildings, industrial and showroom projects, apartments and shopping malls. These developments encompass more than $ 2 billion in transaction flow, 5,000 acres and nearly 10,000 single-family lots.
SOURCE Trez Capitale