August 10, 2021
Trez Capital has sold The Beacon on Westmoreland, in Desoto, Texas. The financial terms were not disclosed. The Beacon at Westmoreland was built in partnership with Thompson Realty Capital on a 10.41-acre tract and offers 194 units in a class A garden-style apartment complex. Trez Capital provided a $6.31 million equity investment for the acquisition and construction of the project in February 2019.