Westmount Square Capital

Westmount Square Capital is thrilled to announce our newly formed joint venture with Olive Tree Holdings on the successful, off-market, acquisition of The Life at Forest View, a 520-unit premier multifamily property located in the #Houston MSA (Texas). This strategic partnership will lean on Westmount Square Capital's creative capital structuring, acute asset management, and will inject a fresh business plan to revitalize and optimize the community. The Life at Forest View, known for its thoughtfully designed one, two, and three-bedroom units, had been going through an improvement plan. The new ownership structure will build upon the property's existing strengths while implementing targeted improvements to enhance the overall resident experience. Such improvements will include: *Improving operational efficiency  *Property rebrand to enhance reputational scores *Renovate unit interiors and common areas *Enhancing amenities, exteriors and resident services WSC is thrilled to add The Life at Forest View to its portfolio, its first entree into #Texas, and to partner with OTH. This property has tremendous potential and we look forward to working closely with the incumbent team to unlock its full value. This acquisition aligns perfectly with our investment strategy of identifying properties in strong fundamental regions where the macroeconomic environment has exposed short term obstacles while offering long-term value. We see significant opportunities to create value for our investors, partners, and the residents of the property. This acquisition represents an exciting opportunity to diversify our portfolio outside of Florida while maintaining the core tenets of our business in identifying landlord and business friendly states, with strong economic fundamentals, and a purpose of offering quality and affordability for all tenants. #distress #valueadd #houston #southwest #texas #multifamilyinvesting #multifamily

Westmount Square Capital is thrilled to announce our newly formed joint venture with Olive Tree Holdings on the successful, off-market, acquisition of The Life at Forest View, a 520-unit premier multifamily property located in the #Houston MSA (Texas). This strategic partnership will lean on Westmount Square Capital's creative capital structuring, acute asset management, and will inject a fresh business plan to revitalize and optimize the community. The Life at Forest View, known for its thoughtfully designed one, two, and three-bedroom units, had been going through an improvement plan. The new ownership structure will build upon the property's existing strengths while implementing targeted improvements to enhance the overall resident experience. Such improvements will include: *Improving operational efficiency  *Property rebrand to enhance reputational scores *Renovate unit interiors and common areas *Enhancing amenities, exteriors and resident services WSC is thrilled to add The Life at Forest View to its portfolio, its first entree into #Texas, and to partner with OTH. This property has tremendous potential and we look forward to working closely with the incumbent team to unlock its full value. This acquisition aligns perfectly with our investment strategy of identifying properties in strong fundamental regions where the macroeconomic environment has exposed short term obstacles while offering long-term value. We see significant opportunities to create value for our investors, partners, and the residents of the property. This acquisition represents an exciting opportunity to diversify our portfolio outside of Florida while maintaining the core tenets of our business in identifying landlord and business friendly states, with strong economic fundamentals, and a purpose of offering quality and affordability for all tenants. #distress #valueadd #houston #southwest #texas #multifamilyinvesting #multifamily

Westmount Square Capital is excited to welcome Hunter Hagdorn as Associate on the Acquisition and Asset Management team to support the company's strategic growth initiatives. His role will deepen the portfolio's efficiency through deal execution, organizational management, and operational effectiveness. Hunter previously served as a Development Associate at The Hanover Company, a vertically-integrated multi-family development firm based in Houston, Texas with over $20B in project capitalizations. During his four-year tenure, he focused on several of Hanover’s site acquisition and development efforts throughout the Northeast, consisting of over $1.5 billion in project capitalization across over 3,500 apartment homes. Hunter is a native of Houston and earned his Bachelor of Arts from Dartmouth College, where he was a letterman on the football team. He will be based in Los Angeles alongside the company's principals. We are thrilled to have him on the team!

Westmount Square Capital was founded at the beginning of the #pandemic with purpose. The founders, Mark McGregor and Jonathan Tauber had lasting memories of their last experience when an exogenous shock took the financial markets into a frenzy. In hindsight, the #GFC presented a unique opportunity to participate in the recovery of a meltdown. Their commitment was to never let a similar opportunity pass them by. Conversely, the pandemic's meltdown soon became a meltup and since inception, WSC has acquired about 1,300 units of multifamily. Today, the new rate environment presents yet another challenge, and also, an opportunity. Multifamily Sponsors who acquired late cycle, bridge financed, heavy lift business plan multifamily assets are faced with precarious options, as are their lenders. With maturities on the horizon, Sponsors are finding themselves with busted business plans, accruing payables, expensive rate caps to reload, and in some cases, required paydowns - LPs are not willing to throw good money after bad. In many (most) cases, the lenders themselves are impaired. What are the options? We think it's critical that the capital stack remains friendly and finds collaborative solutions. We have those creative alternatives, the capital to rebalance, and most importantly the expertise to turn the assets around. If you are a lender and/or a Sponsor with a similar issue on your hands, please reach out. We are always happy to just compare notes. #multifamily #valueadd #jacksonville #florida #multifamilyinvesting #floridarealestate #distress #tampa #southeast

Distress is a term often used by folks who are looking for a deal. In many cases, it usually identifies a winner and a loser. Westmount Square Capital we pride ourselves on being creative, dynamic, but most importantly collaborative. Our exacting approach is certainly with the intention to win for our investors, but it is also cooperative in nature as to avoid inertia and limit emotion with other parties. When we find multifamily distress, we approach it as a partnership. As an investor, we work with the incumbent owner/lead sponsor to find a swift resolution that achieves our minimum return thresholds while trying to salvage the interests of the deal's stakeholders.    This is the approach we used for our latest distressed acquisition in Jacksonville, FL (two properties/185 units). We really enjoyed structuring this one and our playbook is set for similar opportunities. We want to thank our partners at Miramar Capital Advisors for their collaboration on this transaction.   If you are a sponsor, LP, or participant with a financial interest, exposed to Central/Northern Florida, you are likely facing structural headwinds: interest rate volatility, ballooning insurance costs, staffing shortages, capital structure drag, or operational tribulation...#distress. We can work with you and we would love to share our story - reach out if you care to discuss. #multifamily #valueadd #jacksonville #florida #multifamilyinvesting #floridarealestate https://lnkd.in/giWqCbQj

Distress is a term often used by folks who are looking for a deal. In many cases, it usually identifies a winner and a loser. Westmount Square Capital we pride ourselves on being creative, dynamic, but most importantly collaborative. Our exacting approach is certainly with the intention to win for our investors, but it is also cooperative in nature as to avoid inertia and limit emotion with other parties. When we find multifamily distress, we approach it as a partnership. As an investor, we work with the incumbent owner/lead sponsor to find a swift resolution that achieves our minimum return thresholds while trying to salvage the interests of the deal's stakeholders.    This is the approach we used for our latest distressed acquisition in Jacksonville, FL (two properties/185 units). We really enjoyed structuring this one and our playbook is set for similar opportunities. We want to thank our partners at Miramar Capital Advisors for their collaboration on this transaction.   If you are a sponsor, LP, or participant with a financial interest, exposed to Central/Northern Florida, you are likely facing structural headwinds: interest rate volatility, ballooning insurance costs, staffing shortages, capital structure drag, or operational tribulation...#distress. We can work with you and we would love to share our story - reach out if you care to discuss. #multifamily #valueadd #jacksonville #florida #multifamilyinvesting #floridarealestate https://lnkd.in/giWqCbQj