CHARLESTON, SC – West Shore LLC, a multifamily real estate investment firm, has bought 17 South Apartments in Charleston, South Carolina. Ramping up a strategic expansion effort, 17 South Apartments is the firm’s first investment in Charleston and its fifth in South Carolina. West Shore’s owns and operates a diversified national multifamily portfolio of over 10,700 units throughout the United States.
“We are excited to enter the Charleston market with 17 South Apartments,” said Steven P. Rosenthal, Chairman of West Shore. “This deal is emblematic of our strategy of acquiring high-quality assets in dynamic markets. Charleston has rent growth, an energetic economy, and strong employment opportunities, setting 17 South Apartments up for long-term success.”
The multifamily community is made up of 220 studio, one, and two bedroom units. The luxury property is located in the desirable West Ashley neighborhood, a supremely well-positioned submarket in Charleston that provides high-end living close to downtown and major employers. Located at 105 Ivy Green Way, the best-in-class community was designed to provide residents with modern, upscale, and energy efficient apartment homes. The property features an abundance of sophisticated resort-style amenities including recreational areas, a fitness center with spin bikes, a modern clubhouse, and an expansive swimming pool with a cabana and lounge ledge. The units are equipped with gourmet, chef-inspired kitchens, upgraded stainless steel appliances, quartz waterfall countertop islands, subway backsplash tile, and hardwood-style flooring.
“Between its location, demographics, and building quality, the 17 South Apartments asset fits perfectly with our growing portfolio,” said West Shore President, Lee Rosenthal. “Our success in Columbia, South Carolina, and the continued growth in Charleston, makes us confident about expanding to this exciting market.”

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LAKELAND, FL – Venterra Realty bought The Retreat at Lakeland Apartments in Lakeland, Florida. The Retreat at Lakeland is well positioned on the I-4 corridor in Lakeland, located midway between Tampa and Orlando and is one of the fastest growing areas in the country.
The property is a garden-style community, built in 1988 and renovated recently, with 464 fully renovated apartments and a solid amenity package.
The community offers spacious one, two, and three bedroom apartments. The Retreat at Lakeland’s apartment interiors have been upgraded with high-end features including stainless steel appliances, granite countertops, wood vinyl flooring, and screened-in patios. The property’s amenity package includes a playground, two swimming pools, Pickleball and Tennis courts, Fitness Center, and more.
“The Retreat at Lakeland’s position between the metropolitan areas of Tampa and Orlando complements our presence in those markets. We are confident that managed in the Venterra Way, the property will be a valuable investment and will provide a fantastic living experience to our residents,” said Venterra Realty Chairman Andrew Stewart.
Venterra will implement its resident-focused programs such as the Live it. Like it. Guarantee.TM, the 48-Hour Maintenance Guarantee, SMARTLEASING, as well as their overall commitment to providing a world-class living experience for which Venterra has become known.
“We are excited to build upon our large established presence in the Sunshine State and provide an industry-leading living experience to the residents of Lakeland,” said John Foresi, CEO of Venterra Realty.

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ATLANTA, GA – FCP has announced its acquisition of three Atlanta-area apartment communities within the past three weeks, marking the company’s fourth, fifth and sixth Atlanta apartment investments in 2021. The firm invested $116 million in Springdale Glen, Sierra Forest and Hawthorne at Sugarloaf (to be rebranded The Asher) apartment communities in Clarkston, Mableton, and Lawrenceville, GA, respectively. FCP has invested in 24 assets and the multifamily portfolio in the market now stands at 4,200 units.
“Two of these investments, Springdale Glen and Sierra Forest, are workforce housing communities, well-located in their respective submarkets and strategically positioned near FCP assets that have seen strong performance,” said FCP’s Michael Errichetti. Errichetti continued, “Springdale Glen is adjacent to our Mirador at Idlewood property, close to major employment centers in a rapidly rising submarket, while Sierra Forest builds on our West Atlanta presence that now includes 2,137 units across 10 properties.”
“FCP is excited to make our first investment in Gwinnett County, which has led the region in population growth over the last decade,” said FCP’s Scott Reibstein. “The Asher presents an opportunity to showcase FCP’s ability to do on multiple multifamily strategies. FCP is aggressively working to expand our portfolio in Atlanta by deploying our discretionary fund into acquisitions and developments in key submarkets.”
Springdale Glen features 276 one, two and three-bedroom garden apartment units at 3800 Brockett Trail in Clarkston. The community is located near the I-285 Perimeter and Route 78, within simple reach of employment centers including Perimeter Center, North Druid Hills/Emory University, Decatur, Chamblee, Buckhead, Midtown and Downtown. Springdale Glen is well-amenitized with a pool, playground, and dog park.
Sierra Forest is located at 6660 Mableton Parkway, SE in Mableton and includes 272 one, two and three-bedroom apartments just off of I-20 in West Atlanta, proximate to the Fulton Industrial Corridor as well as Midtown, West Midtown and Downtown.
Hawthorne at Sugarloaf, built in 2007, is located at 4975 Sugarloaf Parkway in Lawrenceville and will be renamed The Asher. The community has 260 one, two and three-bedroom apartments and onsite amenities including a 24-hour fitness center, outdoor kitchen with grilling area, bark park with agility equipment, pet spa and resort-style saltwater pool. The community is adjacent to a Publix-anchored shopping center and is close to Gwinnett County’s top employment centers.
Cushman & Wakefield has been retained to manage all three properties.

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