Connect Midwest: Multifamily Adaptive & Reuse Trends – Chicago June 13

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Blaze Capital Partners, with Virtus Real Estate Capital, has acquired The Pointe at Siena Ridge, a 163-unit, 55-plus community in Davenport, FL.

Aging Boomers Drive Blaze Capital Partners to Acquire Active 55+ Community in Davenport

Blaze Capital Partners, with Virtus Real Estate Capital, has acquired The Pointe at Siena Ridge, a 163-unit, 55-plus, multifamily community in the Orlando submarket of Davenport, FL.

The acquisition is Charleston, SC-based Blaze Capital Partners‘ fourth acquisition in the active adult sector over the past five months following Hardy Springs in the Paulding County submarket of Atlanta, GA; Annabelle on Main in the Duluth submarket of Atlanta, GA; and Sage Stone Oak in San Antonio, TXs. The Pointe at Siena Ridge is Blaze’s first active adult investment in FL.

“As the baby boomer generation reaches retirement age, they are downsizing and hitting key life events that are motivating them to move in large numbers to the Sun Belt region,” said Eddy O’Brien, co-founder and managing partner of Blaze Capital Partners, a rental housing investment and development firm. “Fundamentally, the US is lacking a stock of housing solutions for this cohort, especially those with more active views of retirement, in the face of mounting demand.”


Inside The Story

Blaze Capital Partners' O'Brien

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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