Market Overview

Blaze Partners Acquires Urban, Class-A Apartment Community in Charlotte, North Carolina

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CHARLESTON, S.C., March 25, 2019 /PRNewswire/ -- Multifamily investment firm Blaze Partners announced today the successful acquisition of The Gibson, a 250-unit luxury apartment community in Charlotte, North Carolina located in the thriving Plaza Midwood neighborhood. This transaction marks a continuation of the Company's current strategy of acquiring Class A communities within dynamic locations throughout institutional growth markets in the Southeast.

(PRNewsfoto/Blaze Partners)

"We are thrilled to expand our Charlotte presence and add The Gibson to our growing portfolio of institutional assets," said Chris Riley, Co-Founder and Managing Partner of Blaze Partners. "The Gibson, unique in its design, walkability, and historic legacy, helped spur the transformation of the neighborhood. We are excited to take a stake in the continued growth of the submarket and embrace a community that stands unmatched amongst its peer set."

The Gibson, developed in 2015 and built upon the site and legacy of a historic recording studio, offers residents a mix of one-, two-, and three-bedroom floorplans with designer-level finishes and an expansive amenity set. Positioned at the gateway to Plaza Midwood on Central Avenue and minutes from Uptown Charlotte, the community is walkable to high-profile restaurants, bars, and retail and offers remarkable views of the Charlotte skyline.

"The Gibson transaction marks over $215 million in net acquisition volume in the last nine months, the vast majority of which has been with a slant towards core-plus assets in markets and locations that we deem to have superior long-term fundamentals with transformative catalysts to further drive demand," added Eddy O'Brien, Co-Founder and Managing Partner of Blaze.  "We anticipate a continuation of this investment focus throughout the year as we look to prudently expand our footprint throughout the Southeast with a keen eye towards relative risk and return."

About Blaze Partners

Blaze Partners, LLC is a multifamily investment firm focused on owning and operating institutional rental housing communities throughout the United States with a specific focus on the Southeast. Headquartered in Charleston, SC, the company offers a full suite of investment services including research, acquisitions, development, and asset management capabilities. Blaze Partners was founded by Chris Riley and Eddy O'Brien in 2016 with the goal of establishing a premier real estate investment firm with focused specialization across the rental housing spectrum. To learn more about Blaze, visit www.blazepartners.com.   

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SOURCE Blaze Partners, LLC

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