realestate

West Shore Expands Portfolio with Richmond Apartment Acquisition

West Shore Acquires The River Lofts at Tobacco Row in Richmond, Virginia, Expanding Its Presence

W
est Shore has acquired The River Lofts at Tobacco Row in Richmond, Virginia, marking its entry into the state's market and exceeding 16,000 owned and operated units across the southeastern and southwestern U.S. since its founding eight years ago.

    The property offers a diverse range of apartments, from studios to three-bedroom lofts and townhomes, with modern amenities such as in-home washer and dryers, resort-style pools, fitness centers, and communal spaces. The acquisition highlights West Shore's commitment to strategic growth in high-demand markets, according to President Lee Rosenthal.

    Richmond is a thriving city, consistently ranked among Virginia's top places to live due to its affordability, job opportunities, and vibrant lifestyle scene. Downtown Richmond is home to industry leaders, world-class medical facilities, and institutions of higher learning, providing residents with a wealth of employment and entertainment options.

    Located in the historic Shockoe Bottom neighborhood, The River Lofts at Tobacco Row offers an exceptional living experience with easy access to retail and lifestyle amenities, as well as major institutions such as Virginia Commonwealth University. Founder and Chairman Steven P. Rosenthal notes that expanding into Richmond's growing market underscores West Shore's investment thesis for the benefit of its residents and investors.

West Shore acquires Richmond apartment building, expanding portfolio.