West Shore Acquires North Dallas Asset
This is the company's 50th purchase in Texas.
West Shore has acquired The Livano at Bluewood, a 272-unit multifamily community in the Dallas suburb of Celina, Texas, and rebranded it as Atlas Bluewood Apartments. The seller was a joint venture between LIV Development and Mesa Real Estate Partners, according to Yardi Matrix information. In 2020, the asset became subject to a $31.1 million construction loan from Pinnacle Financial Partners, the same data provider shows.
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 walk-in closets, in-unit washers and dryers and ceiling fans, along with 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.
Located at 2600 Kinship Parkway, the Atlas Bluewood Apartments is off State Route 289 and roughly 42 miles north of downtown Dallas. It is also some 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. Recently, the company acquired a 320-unit luxury asset in South Carolina, which is part of a 4,000-acre master-planned community.