Westwood Residential

What Westwood Residential does

Westwood Residential & Taylor Land Two is a privately held, vertically integrated multifamily real estate company founded in 1992 by John Carmichael and Tom Teague and headquartered in Frisco, Texas. The firm develops, acquires, and manages apartment communities across the U.S. Southwest, currently operating approximately 12,000 actively managed units across Arizona, New Mexico, Texas, and Washington with roughly 400 employees. Over its history, Westwood's principals have developed or acquired more than 50,000 multifamily units with a total property value exceeding $2 billion.

The company's core products fall into four integrated service lines: property management (covering tenant relations, maintenance, marketing, financial reporting, and on-site leasing), multifamily development (both urban high-density luxury apartments with structured parking and garden-style value-oriented product), in-house general contracting through the Westwood Builders division, and land acquisition and development including feasibility analysis and site selection. Real estate consulting, marketing services, and an asset-management platform through FSC Realty round out the offering. Underlying technology is entirely third-party proptech: OneSite for property management and resident portal, RealPage Credit Screening, LeasingDesk, Knock Rentals for tenant communication, Constant Contact for email, Google Analytics, and Internet Listing Services for unit distribution.

Westwood makes money primarily through recurring rental income on owned multifamily properties, supplemented by development fees, asset-management fees via FSC Realty, and general contracting revenue from Westwood Builders. Its go-to-market is direct-to-consumer apartment leasing, with each property supported by a dedicated website, on-site leasing office, multi-channel digital marketing (SEO, Facebook, email, SMS, ILS), and a corporate outreach and preferred employer program. The target customer is individual renters seeking quality housing in the Southwest, and the customer base is structurally diversified across thousands of individual lease agreements.

Name

Westwood Residential

Legal name

Westwood Residential & Taylor Land Two

Website

https://westwoodresidential.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

251–500 employees

Short description

Westwood Residential & Taylor Land Two is a vertically integrated multifamily real estate developer and property manager founded in 1992, operating approximately 12,000 apartment units across Arizona, New Mexico, Texas, and Washington for individual renters in the U.S. Southwest.

Ownership category

akta.pro rank

Product category

Multifamily Property Management

NAICS

Residential Property Managers (531311), Lessors of Residential Buildings and Dwellings (53111)

SIC

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

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Multifamily property management
• Apartment development services
• Real estate consulting
• General contracting services
• Land acquisition development

Headquarters

HQ city

Frisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Apartment Rental Income: The primary revenue stream is rental income generated from multifamily residential properties developed, acquired, and managed by the company. Residents pay monthly rent for apartment homes across properties in Arizona, New Mexico, Texas, and Washington.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Westwood Residential & Taylor Land Two is a fully integrated multifamily real estate organization that develops, acquires, and manages apartment communities across Arizona, New Mexico, Texas, and Washington. The company offers property management, general contracting through its Westwood Builders division, multi-family development (both urban high-density luxury and garden-style value apartments), land acquisition and development, and real estate consulting services, with a portfolio exceeding $2 billion in property value and over 50,000 multifamily units developed or acquired.

Product overview

Westwood Residential & Taylor Land Two is a fully integrated real estate organization offering multifamily property management, development, and general contracting services. The company operates as a unified platform with core services including Property Management (leveraging OneSite technology and resident portals), Multi-Family Development (both urban high-density luxury and garden-style value apartments), Land Acquisition and Development (site feasibility and development planning), and General Contracting through Westwood Builders. The company manages apartment communities across Arizona, New Mexico, Texas, and Washington states, with a portfolio exceeding $2 billion in property value and over 50,000 multifamily units developed or acquired.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management
• General Contracting
• Multi-Family Development
• Land Acquisition and Development
• Real Estate Consulting

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Greystar Real Estate Partners: The largest third-party multifamily property manager globally and a vertically integrated developer/owner/operator. Greystar competes for institutional management mandates and development joint ventures in the same Sun Belt metros where Westwood operates, with a similar product mix spanning luxury to garden-style product.
• GID Investment Advisers: Private, vertically integrated multifamily owner/operator/developer that originates and manages institutional multifamily investments. Stanley Fimberg's FSC Realty parallel's GID's institutional asset management approach, making it a closely comparable private peer in the multifamily investment and management space.
• CA Ventures: National multifamily and student housing developer with vertical development, construction, and management capabilities. Overlaps with Westwood in Sun Belt urban high-density product and pursues similar institutional capital partnerships for development and management engagements.
• Watermark Residential: Multifamily development and management firm with a similar integrated model, building garden-style and mid-rise product across Sun Belt and select secondary markets. Watermark mirrors Westwood's development-to-stabilization approach with on-site leasing operations and a comparable product mix.
• Lincoln Property Company: Westwood's Controller Jeff Edwards previously served as Controller at Lincoln Property Company. Lincoln operates one of the largest multifamily management and development platforms in the US with a similar integrated owner-operator-developer model and a comparable institutional client base for third-party management — making it a direct functional peer.
• Trammell Crow Residential (CBRE Multifamily): Founders John Carmichael and Tom Teague, plus numerous senior Westwood leaders, came directly from Trammell Crow Residential — making it the original institutional analogue. TCR is now part of CBRE Multifamily and remains one of the largest multifamily developers and managers in the Sun Belt with a fully integrated platform that closely mirrors Westwood's vertical structure.
• Camden Property Trust: Houston-headquartered Sun Belt-focused multifamily REIT that develops, owns, and operates Class A apartment communities across Texas, Arizona, and the broader Southeast. Camden's geographic overlap with Westwood's footprint and integrated development-to-management platform make it a highly comparable public-market peer.
• Alliance Residential Company: Vertically integrated multifamily developer, owner, and third-party manager headquartered in Atlanta with national Sun Belt exposure. Alliance runs a nearly identical business model — in-house development, capital partnerships, and property management under one platform — directly comparable in scope and product type to Westwood.

Broad incumbents

• JLL Multifamily (JLL): Global real estate services firm with a dedicated multifamily capital markets and investment sales practice. Overlaps indirectly through institutional multifamily advisory, brokerage, and capital placement services that complement the kind of investor relationships Westwood's FSC Realty and principals manage.
• Mid-America Apartment Communities (MAA): Largest Sun Belt-focused publicly traded multifamily REIT with an owned-and-operated portfolio rather than a third-party management model. Useful as a public-market comparable for unit economics, Sun Belt rent growth, and capital structure benchmarks versus Westwood's owned portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries2 records

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 Westwood Residential