West Shore: Blending a Fast-Paced, Entrepreneurial Approach with Institutional Investment Discipline

Photo: Lee Rosenthal

West Shore Receives the 2023 Investment Firm of the Year Award

BOSTON- West Shore, a fully integrated real estate investment firm with a specific focus on the acquisition and management of multifamily assets, recently made its landmark 50th acquisition for the fast-growing company that blends an entrepreneurial approach to real estate with institutional investment discipline.

The Boston-based West Shore was founded in 2016, owning and operating a diverse portfolio of 14,000 units at 46 multifamily properties across seven states, with a total market value of $4 billion. The firm specializes in identifying assets in high growth or high barrier locations throughout the Sun Belt region of the United States, acquiring properties that produce meaningful living experiences for residents and high returns for investors. West Shore operates its vertically-integrated, multifamily real estate firm’s growing portfolio of properties with an entrepreneurial approach, an institutional investment discipline, and a commitment to excellence.

Photo: Atlas Bluewood Apartments

In July 2023, Atlas Bluewood Apartments marked West Shore’s sixth purchase in Texas and second purchase in the Metroplex, bringing its total units in the Lone Star State to nearly 1,900, as well as a landmark 50th acquisition for the fast-growing company. The brand-new apartment community features luxury apartments, noteworthy for its quintessential character as it is for its regional access, surrounded by major transportation and easy access to the Dallas-Fort Worth metropolitan area, a hub of economic activity. Residents can enjoy an expansive pool, private yoga and spin studio, outdoor grilling stations, a fenced pet park, a business center with private offices and conference rooms, an on-site marketplace, and an entertainment lounge.

Photo: Solis Nexton

In December 2022, West Shore acquired Solis Nexton, a new luxury apartment community located in the award-winning Nexton master-planned community in Summerville, South Carolina. This marked West Shore’s eighth acquisition in the state, with the property rebranded and operating as Slate Nexton. Located in the heart of Nexton Square, the 320 spacious apartment homes sit on 11 sprawling acres and offer a resort-style pool, dog park, pet spa, entertainment lounge, state-of-the-art fitness center, private yoga and spin studio, and electric charging stations.

The firm is led by its President, Lee Rosenthal. He directs the management and operations of the Boston-based company’s $4 billion portfolio of diverse multifamily real estate assets nationwide. Rosenthal oversees all aspects of the firm including overall direction and growth, investment strategy, investor relations, property management, development, acquisitions, dispositions, financing, and asset management.

Prior to forming West Shore, Rosenthal was responsible for the underwriting, analysis, and execution of all acquisitions, dispositions, and financing at Northland Investment Corporation for a multifamily portfolio of 23,000 units. Over the course of six years, he closed on the acquisition of nearly 7,500 units, the disposition of nearly 2,500 units, and the refinancing of over 40 properties contributing to over $2 billion in capital events. Additionally, he played an active role in the asset management of the portfolio. He holds an AB from Harvard College. He is a member and active participant in ULI, REFA, NMHC, and Combined Jewish Philanthropies.

When asked about the firm’s future, Rosenthal said, “We plan to keep growing – a lot! West Shore is consistently building upon our entrepreneurial approach to real estate so that we can deliver positive experiences and impactful outcomes for our properties, residents, and investors. We will continue to identify opportunities for growing and scaling our existing presence in key markets throughout the southeastern and southwestern United States, a region of the country that continues to attract people, talent, and capital alike.

West Shore’s last 5 acquisitions, which recently culminated in the firm’s landmark 50th,  are testaments to these plans in action: Atlas Bluewood in Celina, TX, in the Dallas-Fort Worth market; Slate Nexton in Summerville, SC, in the Charleston, SC market; Waxhaw Mills in Waxhaw, NC in the Charlotte, NC market; The Carlyle at Godley Station and The Preserve at Godley Station in Pooler, GA in the Savannah, GA market, and Bridle Creek Apartments in Lexington, KY.”