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West Shore Update 11/01/22

West Shore Acquires Three Luxury Apartment Communities

West Shore, a multifamily real estate investment firm, announces its acquisition of Ardmore at Price and The Mill on Main in Waxhaw, North Carolina, which have been renamed and will now operate together as Waxhaw Mills Apartments. West Shore also purchased The Vive at Kellswater in Kannapolis, North Carolina. This brings the number of West Shore’s properties in North Carolina to six. The company’s other properties in the Tar Heel State include The Plantation at Pleasant Ridge in Greensboro, and Ansley Falls and Aurea Station, both in Charlotte. West Shore has completed 48 acquisitions and now owns and operates over 13,950 units in seven states.

“We are pleased that we have acquired three more very attractive properties in North Carolina,” said Steven P. Rosenthal, Chairman of West Shore. “Our resilient investment model and experience has allowed us to continue our growth in North Carolina and all three of these properties are remarkable assets.”

Waxhaw Mills Apartments is noteworthy for its downtown location offering a variety of floor plans and features and greater regional Charlotte access. The newly combined, best in class 309-unit residential community spans two unique and historic luxury properties. West Shore will be offering expanded management services through extended office hours at both properties. Waxhaw Mills Apartments gives residents the choice of a sleek loft-style one-bedroom apartment with exposed brink in a historic mill, an urban multi-level home with original hardwood floor, or a modern three-bedroom with granite countertops, designer cabinetry, and wood-style flooring. The community offers two resort-style pools with expansive sun decks, fenced pet parks, scenic courtyards with walking paths, among other amenities. Located in the heart of Downtown Waxhaw, residents are surrounded by eateries, shops, and breweries, including Emmet’s Social Table, an on-site restaurant.

The spacious apartment homes at the 312-unit Vive at Kellswater offer the office space that many people are seeking in the current work-from-home environment. Residents can also relax poolside, exercise at the 24-hour fitness center, use the yoga and spin studio, lounge and dine outside, and take their dog out to the pet park. The Vive at Kellswater was designed to give residents the best in modern living in Kannapolis with easy access to downtown.

“Population growth is driving an unprecedented level of demand for apartments in Charlotte and the surrounding area,” said West Shore President, Lee Rosenthal. “West Shore has now invested in six unique and well positioned properties, growing our North Carolina portfolio to over 1,500 units. Both Waxhaw Mills Apartments and The Vive at Kellswater offer terrific apartment living experiences for our residents and provide easy access to popular downtown areas.”

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