BOSTON, MA – West Shore LLC, a fully integrated multifamily real estate investment firm, announced the acquisition of three new properties: the 276-unit Mark at Chatham in Savannah, Georgia; the 301-unit 500 East Apartments 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 the addition of these acquisitions, West Shore now owns and operates 30 residential communities with 9,491 apartment units and well over $1.5 billion in value.
“We continue to expand our portfolio of multifamily assets with the addition of these three exceptional properties,” said Steven P. Rosenthal, West Shore Chairman. “We are very pleased to grow our presence and leverage our knowledge in these key markets in Texas, Georgia, and Florida, positioning us well for much additional future growth.”
“We are particularly proud to report that our growing portfolio continues to deliver superior operating performance.” said Lee Rosenthal, President of West Shore. “These new acquisitions provide both location and amenities that offer long term value and are examples of West Shore’s commitment to continued expansion.”
The Mark at Chatham, located at 1475 Chatham Parkway in Savannah, Georgia, is a multifamily property centrally located minutes from the Savannah College of Art and Design (SCAD), and is proximate to historic Downtown Savannah and Savannah’s largest employers. The units at this groundbreaking new community feature stainless steel appliances, quartz countertops, wood-style flooring, and designer finishes throughout. Extensive property amenities include a saltwater resort-style swimming pool, outdoor kitchen, game areas, fire pits, a state-of-the-art fitness center with yoga and cycle rooms, and a private pond. In Savannah, West Shore also owns and operates Grand Oaks at Ogeechee River, a 316-unit community, and Walden at Chatham Center, a 236-unit community that was bought in September.
500 East Apartments, located at 1851 LPGA Boulevard in Daytona Beach, Florida, is a groundbreaking new community in the heart of Daytona Beach. The community features state-of-the-art amenities including a resort-style saltwater pool, covered loggia with lounge and TVs, porch swings, outdoor kitchen, fire pit, and ultramodern fitness center. The units have open concept floor plans with kitchen islands, gourmet kitchens with granite countertops and stainless-steel appliances, walk-in closets, USB outlets, and screened-in lanais. The community’s prime location is just off of I-95 and is conveniently located near Daytona Beach International Airport, Daytona International Speedway, LPGA International Golf Course, World’s Most Well-known Beach, and Downtown Daytona Beach.
Broadstone Lake Walk is groundbreaking new community located at 8175 Atlas Pear Drive in College Station, Texas. The community will be integrated into the adjacent 8085 at Traditions community (a 657-unit property owned and operated by West Shore since 2018) to become Lake Walk at Traditions Apartments. The newly combined, best in class 972-unit residential community spans four unique luxury properties in Bryan-College Station. The Lake Walk at Traditions Apartments community, noteworthy for its greater regional access, consists of more than 50 one, two, and three bedroom floor plans. Units feature open concept floor plans with spacious 9-foot ceilings, wood-style flooring, chef-inspired kitchens, stainless-steel appliances, washing machines and dryers, spacious walk-in closets, private balconies, and wine refrigerators and beverage centers in select units. The sprawling, gated property also offers residents access to luxury 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, an outdoor putting green, four dog parks, electric car charging stations, and outdoor gaming areas. The community is surrounded by world-class businesses, located in the master-plotted Traditions Golf Community, in the heart of the Research Valley and Bio Corridor, near Texas A&M University, and next to Lake Walk Town Center. West Shore also owns and operates SoCo at Tower Point, a 318-unit community in College Station.

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KIRKLAND, WA – American Capital Group, Artemis Real Estate Partners and MorningStar Senior Living announced they have completed the acquisition of two independent senior living development projects situated adjacent to the previously announced Lifebridge Kirkland Apartments in Kirkland, Wash. and the Amberglen Apartments in Hillsboro, Ore. The projects will operate under the brand names MorningStar Senior Living of Kirkland and MorningStar Senior Living of Hillsboro, respectively.
MorningStar Senior Living of Kirkland will offer 151 independent living units as well as a full-service kitchen, pool, spa, fitness center and direct access to both private and public walking paths, promoting a healthy lifestyle for its senior residents. The community is less than a mile from Evergreen Medical Center, the #4 ranked hospital in Washington, and within a ten-mile radius of 11 hospitals offering emergency services. In spite of rapid population growth in the Kirkland area, no additional independent senior living units are currently under construction within a five-mile radius of the project.
At ACG, we recognized we could do more than just offer premier multifamily units to the burgeoning Pacific Northwest population by making nearby residences for senior family members, allowing extended, multigenerational families to remain in proximity. Today s announcement demonstrates our commitment to investing in our communities and making the best environment possible for our residents. We look forward to repeating and extending this holistic life strategy in several key regions across the United States, said B.J. Kuula, President, ACG.
MorningStar Senior Living of Hillsboro will offer 141 residential units in the 5th largest city in Oregon, which, while having the largest percentage population increase of any city in Oregon since 2010, also has no independent living communities under construction within a seven-mile radius of the project. The community boasts over a dozen public parks within a one-mile radius and seven hospitals within a ten-mile radius, and will offer a full-service kitchen, pool, spa, and fitness center to promote a healthy lifestyle for senior residents.
We are fortunate to be well-positioned to capitalize on this attractive market opportunity to buy these Class A senior living communities, said Kelly Sheehy, Managing Director, Artemis. We look forward to making the best living environments possible and attracting even greater populations to these high growth markets.”
We are proud to partner with American Capital Group and Artemis Real Estate Partners in opening our first community in Washington and our third in Oregon, said Matt Turner, Managing Partner, MorningStar Senior Living. These two projects will combine hospitality with gorgeous and functional design focused on dignity, wellness and community, all working to deliver upon MorningStar s unique brand promise to seniors and their families.
ACG s current development portfolio in the Pacific Northwest includes, to name a few, the 409-residential-unit Lifebridge Kirkland Apartments, the 352-residential-unit Amberglen Apartments, the 239-unit Kinect @ Lynnwood apartment project, and the 140-unit Kinect @ Broadway apartment project.

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HENDERSON, NV – FARING announced the acquisition of “The Well,” a 396-unit residential complex within the world’s first health-integrated master plot community, in Henderson, NV.
“With the acquisition of ‘The Well,’ FARING joins one of Las Vegas’ most desirable submarkets, with a very well-located multifamily community,” said Jason Illoulian, CEO of FARING.
Bought for $83,500,000 and situated on 20 acres, Illoulian described the go as “a compelling opportunity to capitalize on Clark County’s strong economic growth.”
“We still have a large amount of capital earmarked to buy recently built, stabilized multi-family buildings in Nevada and California,” Illoulian added.
Completed in 2019, the 356,000-square-foot complex features generously sized units with amenities including full-size, in-unit washers and dryers, spacious walk-in closets and private patios/balconies.
Residents at “The Well” are provided access to swimming pools and spas, ramadas with gas BBQ grills, a sand volleyball court, a clubhouse with media lounge and game room plus a 24-hour fitness center.

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