Background
Westmount Properties LLC ("Westmount Properties") was formed in 2000 by three direct and indirect principals, each with decades of experience across a broad spectrum of sectors in the real estate industry. The company pursued an aggressive campaign of acquiring and entitling large tracts of land in the Coachella and Imperial Valleys, as well as Southern Arizona.
Westmount Properties works in close conjunction with land use planners, engineers, Environmental Impact Report consultants and EIR technical study consultants throughout the entitlement process for each project. As well, Westmount Properties has developed and maintains strong relationships with various cities and counties, including their respective Councils, Boards of Supervisors, and Planning Departments, Public Works Departments and other staff. Its philosophy has always been to maximize land use while providing cities and counties, and ultimately, the end-user with attractive, distinctive and functional master planned communities of which all interested parties can be proud. These projects include both single family and multi family lots, commercial lands, parks, school sites and other amenities.
By actively and successfully soliciting public and regional home builders, Westmount Properties has been able to deliver its product to the people who can turn their land planning vision into reality. Westmount Properties has entitled tens of thousands of residential lots and hundreds of acres of commercial/industrial property. Its well executed master planned communities have found favor with builders and have resulted in the construction of thousands of homes and multiple completed commercial centers. Westmount Properties has created communities in the California cities of Coachella, Palm Desert, Indio, La Quinta, Rancho Mirage, El Centro, Brawley, Calexico, in the counties of Riverside and Imperial and in Yuma, Arizona.
Westmount Properties and its related companies have always enjoyed and benefited from relationships with joint venture investment partners. As a result of its level of expertise, business judgment and success, it has enjoyed relationships with outside players wanting to be involved in carrying out the Westmount Properties vision. Its joint venture investment partners, directly or indirectly, have included a high net worth family office, a highly respected regional financial conduit and Wall Street investment banks/hedge funds.
In about 2010, the key players behind Westmount Properties also began an independent pursuit into homebuilding. Through various unrelated companies, they have successfully built and sold hundreds of homes in Southern California, ranging from entry level to luxury and including both single family and multi family product.