Western Wealth Capital Acquires 3800 on Portland and Heritage Fields Apartments Homes in Texas

Growth-oriented multifamily real estate investment company continues its Texas expansion

North Vancouver, Canada (December 23rd, 2021) – Western Wealth Capital (WWC) announces the closing of two multifamily real estate acquisitions – 3800 on Portland Apartment Homes in Irving, Texas and Heritage Fields Apartment Homes in Arlington, Texas. This brings Western Wealth Capital’s total multifamily acquisitions in the Dallas-Fort Worth (DFW) market to 18.

WWC and its investment partners closed on the 212-unit multifamily apartment community of 3800 on Portland Apartment Homes, originally constructed in 1972 and the 240-unit multifamily apartment community of Heritage Fields Apartment Homes, originally constructed in 1979. These Dallas-area deals further solidify WWC’s footprint in the U.S. multifamily housing market and follow WWC’s disciplined investment criteria.

McKesson and Charles Schwab, two major U.S. employers, have recently relocated their headquarters to the DFW area employing over 8,000 people. Other nearby major employers include General Motors, American Airlines, and Lockheed Martin.

These properties are prime candidates for WWC’s repeatable value-add program, including exterior and interior renovations, most units have washer/dryer connections ready to be activated with machines.

“The Dallas-Fort Worth market continues to be a promising area, and we are very pleased to have acquired both properties,” says Jay O’Connor WWC’s Senior Director of Acquisitions at WWC. “We are projecting a strong increase in value for investors with significant value-add opportunities.”

WWC has acquired 117 multifamily rental buildings, representing $3.2 billion in acquisitions. The company’s current portfolio of assets under management includes 65 multifamily rental buildings totaling more than 17,000 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 $4 billion in real estate transactions representing more than 26,000 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.