Westmount Realty Capital has acquired Walton Ashwood, a Class A apartment community located on Ashwood Parkway in the Dunwoody employment district of Central Perimeter. The purchase marks Westmount’s first multifamily property acquisition in the Atlanta area.

Walton Ashwood, which will be rebranded as Westmount Ashwood, comprises 160 one-, two- and three-bedroom units averaging 917 square feet.

“Rents in Atlanta are rising at an unprecedented pace due to the region’s strong population growth, consistently robust demand in urban, suburban and exurban areas and a cooling construction pipeline,” said Brant Brown, president and COO of Westmount.  “Dunwoody, in fact, has taken a hard stance against apartment development, so this property will stay in-demand.”

Kevin Geiger of CBRE represented the seller in the transaction.