West Shore Buys Celina Rental Community

West Shore has acquired the recently finished The Livano at Bluewood, a 272-unit multifamily community in the Dallas suburb of Celina, Texas. The company immediately rebranded it as Atlas Bluewood Apartments. Multihousing News reports the seller was a joint venture between LIV Development and Mesa Real Estate Partners. In 2020, the asset became subject to a $31.1 million construction loan from Pinnacle Financial Partners, according to Yardi Matrix.

Completed in 2022, the community comprises eight three-story buildings which incorporate one-, two- and three-bedroom floorplans ranging from 746 to 1,388 square feet. Apartments feature private balconies or enclosed yards for select layouts. Common-area amenities include a swimming pool, fitness center, yoga studio, pet park, pet spa and community market.

It’s located 11 miles from Frisco and 24 miles from Plano.

The purchase of Atlas Bluewood marks West Shore’s 50th acquisition in Texas, bringing its portfolio in the state to almost 1,900 units. The firm currently owns 47 properties throughout southern markets, totaling nearly 14,000 units.