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Weinstein Properties purchases Flats at Westshore

Weinstein Properties purchased The Flats at Westshore, a 362-unit apartment community in Cumming, from Atlantic Residential for an undisclosed amount.

The property was built in 2022 and is part of the Westshore Town Center, which has 20,000 square feet of retail. Community amenities include a fitness center, clubhouse, lounge, playground, spa and pool.

Robert Stickel, Alex Brown, Ashlyn Warren, Michael Kay and Sim Patrick of Cushman & Wakefield represented Atlantic Residential in the transaction.

“Atlantic Residential identified this unique opportunity to develop a mixed-use village along with The Flats at Westshore,” Stickel, executive vice chair at Cushman & Wakefield, said in a press release. “They designed and delivered a differentiated multifamily asset with several attractive attributes including green space, ample amenities and complementary retail in a walkable environment. The success here was marked by a strong lease-up with trending rents and swift sale upon agency financing eligibility.”

“Weinstein Properties added another great asset to their growing Atlanta portfolio with the acquisition of The Flats at Westshore,” added Brown, Cushman & Wakefield executive managing director. “They were attracted to the community’s location in the renowned GA-400 North Corridor that benefits from Forsyth County’s high barriers to entry, excellent schools, compelling jobs and population growth,”