West Shore Makes Important Multifamily Acquisitions Totaling 892-Models to Propel the Firm’s Progress in Three Key Markets

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West Shore Makes Significant Multifamily Acquisitions Totaling 892-Units to Propel the Company's Growth in Three Key Markets

BOSTON, MA – West Shore LLC, a fully integrated multi-family real estate investment firm, announced the acquisition of three new properties: the 276-unit mark in Chatham, Savannah, Georgia; the 500 East Apartments with 301 units in Daytona Beach, Florida; and the 315-unit Broadstone Lake Walk in College Station, Texas. The company completed the acquisitions of all three assets on December 30, 2020. With these acquisitions, West Shore now owns and operates 30 shared apartments with 9,491 residential units valued at well over $ 1.5 billion.

"With these three extraordinary properties, we are further expanding our portfolio of apartment buildings," said Steven P. Rosenthal, chairman of West Shore. "We are very excited to be expanding our presence and using our knowledge in these key markets in Texas, Georgia and Florida to position ourselves well for much additional future growth."

"We are particularly proud to report that our growing portfolio continues to deliver superior operational performance." said Lee Rosenthal, president of West Shore. "These acquisitions offer both location and amenities that provide long-term value and are examples of West Shore's commitment to further expansion."

The Mark at Chatham at 1475 Chatham Parkway in Savannah, Georgia is an apartment building minutes from the Savannah College of Art and Design (SCAD) and close to historic downtown Savannah and Savannah's largest employers . The units in this brand new community are outfitted with stainless steel appliances, quartz countertops, hardwood floors, and designer surfaces. Extensive amenities include a saltwater resort style swimming pool, outdoor kitchen, play areas, fire pits, a state-of-the-art fitness center with yoga and bike rooms, and a private pond. In Savannah, West Shore also owns and operates Grand Oaks on the Ogeechee River, a parish of 316 units, and Walden on Chatham Center, a parish of 236 units, which was acquired in September.

The 500 East Apartments on 1851 LPGA Boulevard in Daytona Beach, Florida is a brand new community in the heart of Daytona Beach. The community has state-of-the-art amenities like a resort-style saltwater pool, covered loggia with lounge and television, swings on the porch, outdoor kitchen, fire pit, and a state-of-the-art fitness center. The accommodations have open concept floor plans, kitchen islands, gourmet kitchens with granite surfaces and stainless steel appliances, walk-in closets, USB ports and screened lanais. The community's prime location is just off I-95 and conveniently close to Daytona Beach International Airport, Daytona International Speedway, LPGA International Golf Course, the world's most famous beach and downtown Daytona Beach.

Broadstone Lake Walk is a brand new community located at 8175 Atlas Pear Drive in College Station, Texas. The parish will be integrated into the adjacent 8085 at Traditions parish (a 657 unit property owned and operated by West Shore since 2018) to become Lake Walk at Traditions Apartments. The newly combined residential community with the best 972 residential units comprises four unique luxury properties in Bryan-College Station. The Lake Walk at Traditions Apartments community, which has better regional access, consists of more than 50 one, two, and three bedroom floor plans. Units have open concept floor plans, spacious 9-foot ceilings, hardwood floors, chefs, stainless steel appliances, washers and dryers, spacious walk-in closets, private balconies, plus wine fridges and beverage centers in select facility units. The sprawling, gated property also gives residents access to luxurious amenities including four resort-style swimming pools with poolside cabanas, four state-of-the-art 24-hour fitness centers with two virtual fitness and training centers, four clubhouses and an outdoor putting green, four dog parks, Electric car charging stations and outdoor play areas. The community is surrounded by world class businesses located in the Master-Planned Traditions Golf Community in the heart of Research Valley and Bio Corridor near Texas A&M University and adjacent to Lake Walk Town Center. West Shore also owns and operates SoCo at Tower Point, a 318 unit parish in College Station.

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