Photo courtesy of West Shore

With the completion of its 18th acquisition in Florida, a Boston-based multifamily investment firm increased its Sunshine State portfolio to more than 5,300 units.

West Shore’s latest transaction is the 353-unit Cirrus at Aqua complex in Bradenton developed by NRP Group of Cleveland. The purchase price was $93.5 million, according to Manatee County property records.

Founded in 2016 by the father-and-son team of Steve and Lee Rosenthal, West Shore focuses on acquisitions of multifamily properties in Sunbelt markets with population growth. West Shore now owns 14,000 units at 47 properties nationwide with an estimated market value of over $4 billion.

“West Shore remains committed to its strategic investment approach of enhancing our existing portfolio in rapidly growing, high-demand markets,” President Lee Rosenthal said in a statement.

West Shore solicited investments through three private equity funds to fund its expansion, and announced in February the hiring of six new employees to support its nationwide growth.