AUSTIN, TX – Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States, announced the acquisitions of 505 and 507 W. Live Oak Street in South Austin, Texas. Sitting just two miles from the heart of the City s downtown, this acquisition completes a land assemblage Rastegar has been looking to complete since first purchasing the affectionately named Slackerville property last September.
The intersection of South 1st and West Live Oak is a vibrant, attractive neighborhood that s often sought-out by the countless young professionals who make their way to Austin every year to take advantage of the growing job demand, said Ari Rastegar, CEO and Founder of Rastegar Property Company. With the acquisitions of 505 and 507 West Live Oak, Rastegar is able to develop a gorgeous mixed-use commercial and multifamily space that pays homage to the neighborhood s unique culture, while providing residents and neighbors with the absolute best amenities.
In developing the building, Rastegar will utilize floor plates as oversized terraces and tuck balconies deep into the building to couple with existing natural features, making a uniqueness among residential units. Taking advantage of the dapple-shade of trees, a glassy volume and feature lighting, Rastegar will make a breathtaking setting for entertainment uses, while the building s roof will provide residents with sweeping views of Downtown Austin.
Michael McKinley of St. Croix Capital represented the purchaser in the transaction. Once we secured the hard corner things started to fall into place. All parties worked diligently to overcome obstacles related to COVID-19 in order to complete this 2.5 acre assemblage, due to the high demand for development sites in Austin’s urban core.
The project is currently undergoing feasibility and yield studies, and Rastegar will start going through the entitlement process. The firm expects to break ground within one year following the entitlements and architectural plotting.

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SIOUX FALLS, SD – Tzadik closed on a refinance of 2 portfolios in Sioux Falls, SD. The two portfolios combine for over 1100 units across 22 communities.
The first portfolio was bought by Tzadik Management in October of 2018 with a bridge loan. Over $5M in capital improvements were conducted during that period and another $4M set to be completed in the next year. The second portfolio was bought in March of 2019, the latest acquisition in Sioux Falls to date for the company. Both portfolios were successfully repositioned and Tzadik was able to obtain permanent financing with a creative capital stack, capitalizing on the low interest environment.
The timing of this refinance shows the strength of the two acquisitions, further justifying the companies highly publicized push to the Upper Midwest. Diversifying away from primary markets and positioning our self in the Upper Midwest has paid dividends. We are pleased with the results so far and will continue to aggressively position ourselves throughout the Dakotas said Chief Executive Officer, Adam Marcus Hendry.
The closing comes even in the midst of the COVID-19 Pandemic, where many companies have been dealing with substantial loss of revenue and significant drops in occupancy.
As an essential business, we maintained 97% physical attendance across all offices, including corporate. This separated us from our competition and has helped raise our portfolio valuations said Hendry. Our commitment to our residents and our Core Values can t be overstated . Tzadik Management s protocol surrounding the pandemic resulted in many communities outperforming their competition.
In 2018 we made a recession playbook which involved markets which had previously not been affected by economic downturns. We are now seeing this thesis tested and it s evident in our collections and in this latest refinance that the risk paid off in the Upper Midwest Said Executive Vice President Michael Davalos.
Tzadik is a growing, innovative, and driven real estate and property management company based in Miami, Florida. Since its formation in 2007, Tzadik has managed over $1 billion in apartment complexes, over 19,000 units in over 20 states and over 15M sqft in commercial real estate. Through brilliant management, a focus on company culture, tech driven style of operating and a commitment to maintaining strong physical attendance, Tzadik management has established a reputation for Building Lasting Relationships.

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BOSTON, MA – West Shore, a fully integrated, multifamily real estate investment firm, has bought two Class A multifamily communities in the Carolinas. With the addition of Plantation at Pleasant Ridge in Greensboro, North Carolina, and Town Center at Lake Carolina in Columbia, South Carolina, West Shore now owns and manages seven properties across the Carolinas.
In the past 12 months, West Shore has bought four properties in North and South Carolina. The company’s expanding national portfolio now includes 26 residential properties 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 P. 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.”
Plantation at Pleasant Ridge, located at 1198 Pleasant Ridge Road in Greensboro, North Carolina, offers 288 apartment homes ranging in size from one to three bedrooms. The community has four unique floor plans complete with modern kitchens and high-end finishes such as granite countertops, stainless steel appliances, spacious oversized closets, and private balconies. Extensive community amenities include a zero-entry swimming pool, outdoor cabanas, a fire pit, a state-of-the-art 24-hour fitness center, and a clubhouse containing a billiards room and game room. Pleasant Ridge is conveniently located minutes from Piedmont Triad International Airport, Highway 68 and I-40, and near downtown Greensboro.
Town Center at Lake Carolina, located at 20 Helton Drive in Columbia, South Carolina, is comprised of 260 one to three-bedroom luxury apartment homes. The property features generous clubhouse space, a resort-style pool, a fitness center with yoga studio, a playground, parks and green space, and miles of walking trails. The apartment units are designed with exclusive interior features including open floor plans, high ceilings, and chef-inspired kitchens. The property is located near Lake Carolina with simple access to I-77 and I-20, and a small drive from the University of South Carolina, BlueCross Blue Shield of South Carolina, Fort Jackson, and Prisma Health.
“The Plantation at Pleasant Ridge and Town Center at Lake Carolina are both terrific properties and very valuable additions to West Shore’s portfolio,” said West Shore President Lee Rosenthal. “We look forward to much continued growth in this region for West Shore.”
In addition to The Plantation at Pleasant Ridge and Town Center at Lake Carolina, West Shore’s other multifamily properties in the Carolinas include: Ansley Falls and Aurea Station in Charlotte, NC, Arcadia’s Edge in Columbia, SC, Reserve at Mill Landing in Lexington, SC, and Riverwalk Apartments in Rock Hill, SC.

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