Washington D.C. (June 30, 2022) - Morris, Manning & Martin advised Blaze Capital Partners in its acquisition of Fieldstone Apartments, a 240-unit garden-style apartment community in Mebane, North Carolina. The acquisition marks the firm’s official entry into the Triangle market and builds upon Blaze’s recent acquisition and disposition activity across the Southeast.
Blaze plans to invest $2.5 million in property improvements, including enhancing select interiors, and upgrading exterior curb-appeal and amenities. Fieldstone offers spacious one-, two- and three-bedroom residences with granite countertops, stainless steel appliances and outdoor patios and balconies. Community amenities include a 24-hour fitness center, resort-style pool and sundeck, coffee bar, dog park and playground. Fieldstone is centrally located between Chapel Hill and Greensboro off of I-85.
Blaze has offices in Charleston, South Carolina and Atlanta. It announced the closing June 30, 2022. Financial terms of the acquisition were not disclosed.
David Reina of Washington, D.C. led the MMM team.
