NORTH AUGUSTA — North Augusta’s Ironwood Apartments at Riverside Village sold at the end of October for $63.85 million.
Property records show that West Shore, an integrated real estate investment firm based in Boston, Mass., scooped up the Ironwood on Oct. 31, adding to the company’s growing Southeast portfolio.
Lee Rosenthal, president of West Shore, said in an announcement that the company’s acquisition of the Ironwood “marks a significant milestone in West Shore’s sustained and impactful growth.”
Established only in 2016, West Shore now boasts a portfolio of numerous multifamily properties nationwide, totaling more than 18,500 units.
“This achievement reflects the strength of our strategy, which combines an entrepreneurial approach to real estate with the discipline of institutional investment in the multifamily sector,” Rosenthal said.
The Ironwood opened at Riverside Village in 2019.
Its previous ownership, Graybul Ironwood, was North Augusta’s second largest taxpayer in 2024, behind only Dominion Energy.
The Ironwood has also routinely out-performed its financial obligations as part of the Riverside Village development, this year by more than 200 percent.
It’s the second time in 12 months that a key part of the Village has gained outside attention. The Crowne Plaza underwent its own ownership change last November when a Miami-based investment firm acquired it for $42 million.
