SAN ANTONIO, TX – Sagora Senior Living, one of the nation’s top 50 senior housing operators, announced the acquisition of Watercrest at Alamo Ranch and Isle at Watercrest – Alamo Ranch. The two communities, located at 11300 Wild Pine and 11349 Alamo Ranch Parkway respectively, expand Sagora’s growing senior living portfolio in San Antonio.

Watercrest at Alamo Ranch has 192 independent living apartments and 26 cottages for retirees seeking a maintenance-free lifestyle. Isle at Watercrest-Alamo Ranch has 72 helped living apartments and 50 memory care apartments, offering quality care to seniors needing customized levels of care.

“The addition of these two communities gives us an opportunity to serve even more residents of San Antonio,” said Sagora Senior Living President Bryan McCaleb. “From day one, we will demonstrate our commitment to place residents first in every aspect of what we offer to enhance the lives of seniors. We are ready to change lives today.”

Sagora’s Resident First philosophy is at the core of resident services, lifestyles programming and culinary services, offering seniors a lifestyle of health and wellness in a maintenance-free community. Professionally trained associates focus on preserving residents’ independence and dignity when delivering top-notch, person-centered care.

Sagora’s operational transition of these communities is effective September 27, 2017, according to Senior Vice President of Operations Dara Brown.

“At Sagora, we are proud of our commitment to residents, families and associates, and we are confident that our plot for a smooth transition will promote unity and build stronger communities at Alamo Ranch,” said Brown. “As we embark on a new journey together, Sagora’s standards of excellence in care and service will be apparent.”

The Watercrest at Alamo Ranch and The Isle at Watercrest – Alamo Ranch have modern amenities that match Sagora’s 31 U.S. retirement communities. Features include walking trails, sports lounge, internet café, spa and salon make retreat-like surroundings while nutritious cuisine, inviting common areas and social activities inspire a homelike atmosphere. Sagora continues to deliver the benefits of a social and healthy lifestyle many retirees have come to expect.

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ATLANTA, GA – Capital Square 1031, a leading real estate investment and management firm specializing in Delaware statutory trust investments, announced its acquisition of Fairway View Apartments, a 243-unit multifamily community adjacent to the Northwood Country Club golf course in Georgia’s Gwinnett County, a suburb of Atlanta.

Situated on 20.36 acres, Fairway View Apartments is located at 3345 Fairway Oaks Drive in Lawrenceville, and is comprised of 26 two- and three-tale residential buildings, as well as standalone clubhouse/office, laundry and maintenance buildings. The property’s one-, two-, three- and four-bedroom units average 1,089 square feet. Fairway View Apartments was 95 percent occupied at the time of acquisition.

“Fairway View Apartments is well located, near local businesses and major retail services in the Atlanta area,” said Seth Harris, executive vice president of investments. “Approximately 40 percent of the property’s units are townhomes, which is a desirable floor plot for many families. Also, the property is located in an brilliant school district with top-rated public schools that have been recognized for high academic achievement.”

Louis Rogers, founder and chief executive officer of Capital Square 1031 added, “Fairway View Apartments is projected to generate stable cash flow and the potential for capital appreciation. This is desirable for many Section 1031 exchange investors who are seeking growth of income and capital appreciation in their replacement property.”

Community amenities include golf course views, a coffee and tea bar, playground, sports court, swimming pool, grill/picnic area, pet walk and care stations, outdoor amenity area, laundry facility and more.

Gwinnett County is one of the 100 fastest growing counties in the United States, according to the U.S. Census Bureau’s 2015 American Community Survey. The county experienced and 8.2 percent growth in population between 2010 and 2016.

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CHARLESTON, SC – Blaze Partners and Bailard announced a newly formed partnership to pursue the acquisition of multifamily communities throughout the Southeastern United States.

The Companies, having recently launched their first joint venture together, seek to identify additional value-add and core-plus multifamily acquisition opportunities throughout primary markets in the Southeast.

“We firmly believe the Southeast stands to be a significant beneficiary of long-term migratory and employment trends, all of which are conducive to further housing demand,” said Eddy O’Brien, Co-Founder and a Managing Partner of Blaze Partners. “Our significant multifamily experience and operating history in the Southeast combined with the tremendous track record, unique approach, and capital flexibility of Bailard makes a formidable partnership.”

The Companies are actively pursuing opportunities that fit within their strategic parameters and looking to substantially increase exposure within their respective portfolios.  Bailard’s real estate team is active in its pursuit of value-add real estate across all product types throughout the United States. The team, based out of San Francisco, CA, is led by Preston Sargent. Blaze Partners, headquartered in Charleston, SC, focuses on acquiring and operating rental housing communities and has bought approximately $200 million throughout the Southeast since launching in 2016.

“Bailard is pleased to have launched this venture with Blaze Partners,” said Preston Sargent, Executive Vice President, Real Estate, Bailard.  “We continue to seek best-in-class operating partners with whom we can pursue value-add opportunities across property types and geographies. Bailard’s alignment with Blaze typifies this strategy.”

Blaze Partners 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.

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