Westdale Real Estate Investment and Management

What Westdale Real Estate Investment and Management does

Westdale Real Estate Investment and Management is a Dallas-headquartered, privately held real estate investment and management firm founded in 1991 by Joe Beard as a U.S. subsidiary of a Canada-based family office. The company operates a vertically integrated platform that spans acquisition, development, construction, asset management, risk management, debt services, property management, and third-party fee management, with six regional offices in Texas, Georgia, North Carolina, and Florida serving more than 30 cities across 20+ states. Its core business is acquiring, repositioning, and operating multifamily, office, retail, mixed-use, and distressed debt investments for institutional and family office co-investors, with a stated capital base in excess of $4 billion and 300+ acquisitions completed since inception, ranking it among the Top 50 NMHC Owner/Managers.

The company's revenue is generated through a diversified mix of streams, including property management fees on a 130-property residential portfolio (rents range from approximately $624 to $8,080 per month), asset management fees, construction services, third-party fee management for outside owners, distressed debt loan management, and transaction-related income from acquisitions and development co-investments. The technology stack is built on third-party industry platforms—Yardi and RealPage for property management, accounting, and real-time reporting—augmented by a digital marketing platform (lead attribution, online leasing, reputation management, SEM) and a self-service RentCafe leasing portal. The go-to-market is sales-led, combining a direct field sales motion into institutional investors and private owners with direct property operations and leasing at owned and managed apartment communities.

The firm is controlled alongside a large Canadian family office co-investment partner and counts GE Capital, CarVal, and Sterling Equities among its institutional equity backers. The senior leadership team is long-tenured, with Joe Beard as President and CEO, Ken Carlson as CIO, and additional managing principals overseeing residential operations, commercial real estate, asset management, and distressed debt; the company has also expanded its distressed debt and third-party fee management businesses in recent years while continuing to grow its core multifamily portfolio through both acquisitions and ground-up development such as The Epic in Deep Ellum, Dallas.

Name

Westdale Real Estate Investment and Management

Legal name

Westdale Asset Management

Website

https://westdale.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Westdale Real Estate Investment and Management is a Dallas-based, privately held real estate firm founded in 1991 that acquires, develops, and operates multifamily, office, retail, mixed-use, and distressed debt assets for institutional and family office investors, with a $4+ billion capital base, 130+ properties, and six regional offices across 20+ states.

Ownership category

akta.pro rank

Product category

Real Estate Investment and Property Management

NAICS

Residential Property Managers (531311), Lessors of Nonresidential Buildings (except Miniwarehouses) (531120)

SIC

Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Property Management Advisory & Leasing Administration (FSAEAJAN)

Keywords

• Multifamily property management
• Commercial real estate investment
• Distressed debt acquisition
• Value-add real estate
• Third-party fee management

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Property Management Fees: Third-party fee management services for owner clients benefiting from Westdale's efficient infrastructure, geographic scope and economies of scale.
2. Asset Management: Asset management services coordinating property operations, construction, ancillary income, lender reserves, and real estate tax valuations.
3. Construction Services: Turnkey construction process including demolition, renovation and rehab services for property improvements and capital enhancements.
4. Investment Acquisition and Development: Acquisition, development, and redevelopment of multifamily, office, retail, mixed-use properties and distressed debt portfolios for their own account and with institutional partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Westdale is a national real estate investment and management company that acquires, develops, and manages multifamily, office, retail, mixed-use properties, and distressed debt pools. The company operates a vertically integrated platform providing in-house property management, construction, asset management, and third-party fee management services to institutional investors, while also leasing residential apartments directly to individual tenants across 130+ properties.

Product overview

Westdale Real Estate Investment and Management is a national real estate investment and management company that operates a diversified portfolio of residential properties and offers complementary services. The company's property portfolio includes individual residential communities such as The Case Building, The Hamilton, The Alastair at Aria Village, and Epoch on Eagle, spanning multifamily apartments across multiple states. Westdale's service offerings are built around a vertically integrated real estate platform that includes Property Management Services (encompassing leasing, accounting, asset management, risk management, HR, IT, training, and marketing), Construction Services (covering renovation, rehab, and turnkey construction), Development Services (for commercial, retail, multifamily, and mixed-use projects), and Third-Party Fee Management for external clients. The company manages over 130 properties nationwide and utilizes Yardi and RealPage technology platforms for property operations.

Differentiator

Problem solved

Functional benefit

Products and services

• The Case Building A residential property located at 3131 Main Street in Dallas, TX 75226, offering apartment living in the Deep Ellum Neighborhood. Targeted at individual residents seeking urban multifamily housing.
• The Hamilton A 26-story residential tower at 2525 Elm Street in Dallas, TX 75226, delivering apartment living adjacent to Downtown Dallas. Targeted at individual residents seeking high-rise urban housing.
• The Alastair at Aria Village Luxury apartment homes at 6500 Aria Boulevard in Sandy Springs, GA 30328, offering studio, 1-, 2- and 3-bedroom units. Targeted at individual residents seeking suburban luxury multifamily housing.
• Epoch on Eagle A boutique apartment community at 903 Ave C in Denton, TX 76201, centrally located adjacent to the University of North Texas campus. Targeted at individual residents including students.
• Property Management Services Comprehensive property management services including leasing professional support, accounting, asset management, risk management, human resources, information technology, training, and marketing. For institutional investors and owned assets.
• Construction Services Turnkey construction process including demolition, renovation, rehab services, life safety inspections, routine maintenance oversight, exterior and interior assessments. For owned assets and investor clients.
• Development Services Commercial, retail, and multifamily development for new construction and adaptive reuse projects, including office, residential, hotel, and retail assets with focus on mixed-use developments. For institutional partners and owned accounts.
• Third-Party Fee Management Fee management services for external owner clients benefiting from Westdale's efficient infrastructure, geographic scope, and economies of scale. For institutional owners.

Quantifiable outcome

• Over 300 acquisitions completed since 1991
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• YardicoreTechnology or IntegrationTechnology partner providing property management and real estate accounting software platform enabling real-time reporting and streamlined property management operations.
• RealPagecoreTechnology or IntegrationTechnology partner providing property management software platform integrated with Westdale's operations for accurate, timely reporting and property management.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key highlights6 records

Customer concentration

• Xx.com/WestdaleTweets
• Facebookfacebook.com/westdaleassetmanagement

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Westdale Real Estate Investment and Management