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2026 The ApartmentBuildings.com 100
Transactions of the Year
- $1.625 Billion Camden Portfolio Deal Ranks Among Southern California’s Largest
- Aimco Sells Chicago Multifamily Portfolio for $455 Million
- Barings Sells Midtown West Rental Tower for $244 Million
- Blackstone, La Caisse Secure $3.15-Billion StuyTown Refinancing
- Equity Residential, AvalonBay Merge in $52 Billion Apartment REIT Deal
- Ethos Affiliate Acquires San Jose’s Ascent for $323 Million
- GO Residential-Led Consortium to Acquire H＆R in $6.7 Billion Deal
- Grant Cardone Fund Wins Court Approval for $235M Boca Raton Apartment Deal
- IMT Capital Obtains $625-Million Freddie Mac Refi
- JLL Capital Markets Structures $1.1-Billion National Apartment Portfolio Venture
- Kennedy Wilson Acquires Toll Brothers’ Apartment Platform for $347M
- Kennedy Wilson, Jamison Partner to Deliver 4,000 Affordable Units Across Los Angeles
- MG Properties Acquires Park 12 for $309 Million in San Diego
- Morgan Properties Acquires $501 Million Trilogy Multifamily Portfolio
- Oak Row, OKO and Mariposa Close $520-Million Brickell Land Deal
- Outpost, June Homes Merge to Create 4,000-Unit Co-Living Platform
- Sonida Completes $1.8-Billion Merger with CNL Healthcare Properties
- Sun Life Takes Full Control of BGO, Crescent; Buys Bell
- West Shore Closes $600 Million in Multifamily Financing and Acquisition Activities
- Winning Proposal Will Bring 3,600 Affordable Units as Part of $8-Billion St. Petersburg Mixed-Use
West Shore Closes $600 Million in Multifamily Financing and Acquisition Activities
Newmark arranged a $600-million loan package for West Shore to support the refinancing of more than $250 million in existing debt across five stabilized multifamily properties and the acquisition of three additional assets totaling 1,496 units.
The transaction spans eight properties and 3,241 units across Florida, Virginia, North Carolina, Kentucky, South Carolina and Ohio. The portfolio’s occupancy rate was 93.4% at closing.
The transaction closed within 60 days and ranked as the third-largest U.S. multifamily transaction of 2025, according to Newmark.
The five refinanced properties are located in Richmond, VA; Clearwater, FL; Waxhaw, NC; and Lexington, KY. The three newly acquired communities are in Columbus, OH; North Augusta, SC; and Palm Beach Gardens, FL.
The transaction represents West Shore’s second single-asset single-borrower (SASB) transaction in 12 months. The Boston-based firm has grown its portfolio to more than 18,500 units across nine states under President Lee Rosenthal.
Newmark Executive Vice Chairman Purvesh Gosalia and Transaction Manager Hayden Hedrick represented West Shore. Citi’s financing team priced the transaction at the tightest levels achieved for a multifamily SASB transaction during 2025, according to Newmark.
These are some of the reasons why the West Shore refi was selected to receive ApartmentBuildings.com’s AB 100 Transaction of the Year Award, which recognizes those who demonstrate creativity, skill and success in the multifamily industry.