Key Takeaways
- • Westmount Realty Capital is raising $13 million for "West Tech Industrial Property," a commercial real estate fund focused on industrial assets.
- • The firm has secured $200,000 in initial commitments against the $13 million target, indicating early-stage capital formation as of July 1, 2022.
- • Westmount operates a national industrial real estate platform with demonstrated expertise in acquisition, repositioning, and recapitalization of logistics and warehouse facilities across multiple markets including the Southeast, Chicago, and Milwaukee.
- • The firm's track record includes management of a 6.1 million square-foot industrial portfolio and acquisition of climate-controlled industrial warehouses, with notable assets such as the Deer Park facility acquired in October 2021.
Summary
Westmount Realty Capital, a commercial real estate investment firm, is actively fundraising for a $13 million industrial property fund designated as "West Tech Industrial Property." According to the Dallas Business Journal's Form D reporting, the firm had raised $200,000 of the proposed capital as of the announcement date, establishing the early-stage status of this capital formation effort.
The firm has built a substantial national platform focused on industrial real estate, with demonstrated operational capabilities across multiple geographies. Westmount's portfolio management spans a 6.1 million square-foot industrial footprint concentrated in Chicago and Milwaukee markets, according to publisher context. The firm's acquisition strategy includes repositioning vacant or underutilized industrial assets; notably, Westmount acquired the Deer Park facility—a climate-controlled industrial warehouse spanning 25 acres and constructed in 1994—in October 2021.
Westmount's expertise encompasses the full spectrum of industrial real estate activity, from direct property acquisition to investor relations and capital raising. The firm has built institutional credibility within the sector, with leadership including founder Cliff Booth and recently appointed Mike Demperio as Director of Development, whose background includes over five decades of experience in industrial investment sales exceeding $3 million and investor capital formation assistance.
The $13 million West Tech Industrial Property fund represents Westmount's continued expansion within the commercial real estate sector during a period of consolidation and portfolio optimization in industrial logistics markets.
The firm has built a substantial national platform focused on industrial real estate, with demonstrated operational capabilities across multiple geographies. Westmount's portfolio management spans a 6.1 million square-foot industrial footprint concentrated in Chicago and Milwaukee markets, according to publisher context. The firm's acquisition strategy includes repositioning vacant or underutilized industrial assets; notably, Westmount acquired the Deer Park facility—a climate-controlled industrial warehouse spanning 25 acres and constructed in 1994—in October 2021.
Westmount's expertise encompasses the full spectrum of industrial real estate activity, from direct property acquisition to investor relations and capital raising. The firm has built institutional credibility within the sector, with leadership including founder Cliff Booth and recently appointed Mike Demperio as Director of Development, whose background includes over five decades of experience in industrial investment sales exceeding $3 million and investor capital formation assistance.
The $13 million West Tech Industrial Property fund represents Westmount's continued expansion within the commercial real estate sector during a period of consolidation and portfolio optimization in industrial logistics markets.
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