Westmount Realty Capital Announces Promotion of Stephen Kanoff

DALLAS - June 6, 2016 - PRLog -- Westmount Realty Capital, LLC (http://westmountrc.com/) (Westmount) is pleased to announce that Stephen Kanoff has been promoted to the position of executive managing director and chief investment officer.  A veteran in the commercial real estate industry, Kanoff has been at Westmount for more than 22 years and was most recently the executive vice president and a partner of the company.  Westmount has experienced significant growth of industrial, office and multifamily assets since 2012.

"Steve has been essential in Westmount's growth and success over the past two decades," said Clifford Booth, founding partner, director and chief executive officer at Westmount. "This new designation is reflective of his abilities and the company's desire to have him devote more of his time to the underwriting of new opportunities for Westmount."

Kanoff has had operational responsibility for all aspects of property acquisition, disposition, development, underwriting, due diligence and asset management.  His efforts have been instrumental in bringing significant value to the properties within the Westmount portfolio.

Among Kanoff's most notable accomplishments with Westmount are the redevelopment of an historic warehouse into a 203-unit rental loft project in downtown Dallas, and then condo conversion of the project, SoCo Urban Loft Condominiums; and the successful repositioning of Riverside Commons, a campus-like, six-building office complex at Las Colinas in Irving, Texas.  The project was converted from single-tenant buildings to a multi-tenant property, was extensively renovated was awarded LEED certification by the U.S. Green Building Council for successfully converting an existing project to green materials and systems.  The lead tenant at Riverside Commons was the headquarter offices of Blackberry NA, and the entire property was ultimately sold to them.

Kanoff received a bachelor's degree in business administration from the University of Cincinnati (http://www.uc.edu/) and earned a master's degree in city and regional planning from Ohio State University (https://www.osu.edu/). He is currently a full member of the Urban Land Institute (http://uli.org/research/centers-initiatives/center-for-capital-markets/emerging-trends-in-real-estate/) and its Sustainable Development Council (http://uli.org/sustainable-development-council-sdc/).

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About Westmount Realty Capital

Westmount Realty Capital, LLC ("WRC") is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for more than 30 years.  Westmount is seen as an innovator and leading edge company in the industry and is a trusted partner of numerous U.S. and foreign institutional and private capital sources. The company is active nationally, specializing in value add and opportunistic investments, and has navigated successfully through multiple market cycles. For additional information, contact www.westmountrc.com.