A new multifamily firm has emerged in the Gainesville, Florida, market. Founder Doug Faron has launched Westlight Capital with the acquisition of a multifamily portfolio with 1,432 units. This marks the firm’s inaugural acquisition and underscores its focus on high-growth and supply-constrained markets around the nation.
The firm brings more than $10 billion in transaction experience and a vertically integrated platform that spans acquisition, development, and asset management.
“Westlight Capital was founded to pursue compelling real estate opportunities with a long-term orientation and institutional-level rigor,” said Faron. “Launching the firm with the acquisition of a sizable, well-located portfolio in Gainesville reflects our conviction in the market’s fundamentals and our belief in creating value through focused execution. We are excited to formally introduce Westlight and begin this next chapter of growth.”…