Boston-based West Shore ended 2021 and started 2022 on a strong note with the acquisition of three apartment communities in strong Southeast markets. The multifamily real estate investment firm has purchased the 322-unit Uptown Village in Gainesville, Florida; the 320-unit Sweetwater Apartments in Charleston, South Carolina; and the 264-unit Vantage at Wildewood in Columbia, South Carolina.
“2021 was a terrific year for West Shore, and 2022 is off to a strong start as we announce the addition of three outstanding properties to our expanding portfolio of multifamily assets,” said chairman Steven P. Rosenthal. “Sweetwater Apartments, Vantage at Wildewood, and Uptown Village are all unique properties that are positioned for further growth.”
West Shore, which was founded in 2016, acquired eight multifamily communities, including Sweetwater Apartments and Uptown Village, with nearly 2,500 units last year. With the acquisition of Vantage at Wildewood this month, the firm’s portfolio is now comprised of 39 multifamily properties with more than 12,000 units in seven states.
Sweetwater Apartments is a waterfront, luxury multifamily community with one-, two-, and three-bedroom floor plans in Charleston. Embracing coastal living, it features six deep-water docks for residents’ use, including a private boat ramp and a kayak ramp. Amenities include a resort-style clubhouse, dog parks, waterfront hammocks, a 24-hour fitness center with a yoga studio, and an oyster bar. The firm also acquired 17 South Apartments in Charleston in September.
Vantage at Wildewood, located in the heart of Richland County in Columbia, features newly renovated apartments with one-, two-, and three-bedroom floor plans. Amenities include a resort-style pool, a dog park, a car care and detail center, and a state-of-the-art fitness center. This marks West Shore’s fourth acquisition in the area, having previously purchased Reserve at Mill Landing, Arcadia’s Edge, and Town Center at Lake Carolina.
Uptown Village, formerly known as Evergreen at Uptown Village, in Gainesville is a luxury multifamily community with one-, two-, and three-bedroom floor plans. The newly renovated property is located near downtown Gainesville and the University of Florida. Amenities include a resort-style pool, a shaded cabana, nature trails, and a dog park. This is the firm’s second Gainesville asset; it also owns Legacy at Fort Clarke in Gainesville.
“These three acquisitions are in some of the fastest-growing and exciting areas of the country,” added West Shore president Lee Rosenthal. “We are proud to add these communities in Charleston, Columbia, and Gainesville to our portfolio as we continue to strategically scale in markets where we already own and operate properties.”
