Blaze Partners Acquires 256-Unit MF Property in Charleston

Blaze Partners has acquired Planters Crossing Apartments, a 256-unit apartment community in North Charleston. The sales price and seller was undisclosed.

The community consists of a mix of one- and two-bedroom floorplans. Onsite amenities include a pool, tennis courts and a resident clubhouse. Blaze intends to invest additional capital into the improvement of the asset, with a focus on interior unit upgrades and common area enhancements with the intent to better position the community within the submarket.

North Charleston has undergone tremendous change this cycle, as employment drivers have migrated inland and households have sought out better housing options at more obtainable pricing. “We are excited about the acquisition of Planters Crossing and the opportunity to upgrade the community and offer an improved rental experience to our residents,” said Chris Riley, managing partner at Blaze. “This transaction fits squarely within our opportunistic acquisition profile with significant value-add potential in the form of both operational improvements and capital upgrades.”

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