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Blaze Capital Partners Snags 199-Unit Apartments in South Carolina

Blaze Capital Partners has acquired Crowne at Old Carolina, a 199-unit apartment community located in the Bluffton submarket of Hilton Head, S.C. The sales price and seller was undisclosed.

The property features a mix of one-, two- and three-bedroom residences with amenities that include a resort-style swimming pool and grilling area, fitness center, resident clubhouse and a pet park. As part of its value-add program, Blaze intends to invest additional capital into property upgrades based on resident feedback and demand that will include enhancements to community amenities and upgrades to interior units.

“The Hilton Head metro area continues to serve as a growth corridor along the South Carolina coast, boasting a rapidly increasing population base and expanding economic vitality,” said Chris Riley, managing partner at Blaze. “As we evaluate strategic opportunities to expand our presence across the Southeast, Crowne at Old Carolina presents an attractive investment opportunity and aligns well with our strategy to acquire high-quality multifamily communities in strong growth markets and reposition via bespoke capital improvements and operational plans to create unique living experiences for our residents.”

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Inside The Story

Blaze Capital’s Riley

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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