West Shore has acquired two class A multifamily communities in the Carolinas.
The financial terms were not disclosed.
With the addition of the 288-unit Plantation at Pleasant Ridge in Greensboro, N.C. , and the 260-unit Town Center at Lake Carolina in Columbia, S.C., West Shore now owns and manages seven properties across the Carolinas.
In the past 12 months, West Shore has acquired four properties in North and South Carolina. The company’s expanding portfolio now includes 26 residential properties in seven states with 8,111 apartment units and well over $1 billion in assets under management.
“These properties are in proximity to several other properties that West Shore owns in the Carolinas, situating us well for future expansion in the market,” said Steven Rosenthal, chairman of West Shore. “We are very optimistic about the prospect of continued growth in the Carolinas, and our portfolio is well positioned to benefit from that growth.”
