Blaze Partners acquires Planters Crossing Apartments in Charleston

Blaze Partners, LLC announced the acquisition of Planters Crossing Apartments, a 256-unit apartment community located in the North Charleston submarket of Charleston. The asset was acquired by a newly-formed affiliate in a transaction that closed in October 2019.

Planters Crossing, located in the heart of North Charleston, offers residents proximity to many of Charleston’s largest employers and the area’s abundant lifestyle draws.  The community consists of a mix of one- and two-bedroom floorplans with additional onsite amenities including 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 the community within the submarket, an area that has seen a rapid transformation in recent years.

The acquisition of Planters Crossing adds to Blaze’s growing footprint throughout the Southeast and solidifies its ownership presence in Charleston.  “This transaction represented an opportunity to strategically grow our local presence in Charleston via an opportunistic transaction that aligns nicely with our executional capabilities,” said Eddy O’Brien, Co-Founder and Managing Partner of Blaze.