ORLANDO, FL – Blaze Capital Partners announced the acquisition of Integra Lakes, a 203-unit value-add apartment community in Casselberry, Florida, located fifteen minutes northeast of downtown Orlando. Following the acquisition, Blaze plans to invest additional capital as part of its strategic renovation plot aimed at improving the community’s interior units and common areas.
“In the midst of a challenging transaction environment, Blaze has managed to stay active and find attractive opportunities that align with our long-term goals of making calculated housing bets that we believe offer superior risk-adjusted returns,” said Chris Riley, co-founder and managing partner of Blaze. “The acquisition of Integra Lakes is a prime example of our team being dynamic and adapting to this hard capital markets environment.”
Integra Lakes consists of four, 3- and 4-tale buildings surrounding a series of ponds and walking trails. The community features studio, one-bedroom, two-bedroom, and three-bedroom apartments ranging from 532 square feet to 1,298 square feet. The 2017-built community features various amenities for residents such as a saltwater swimming pool, outdoor cabana area with a fire pit, poolside gas grilling stations and TVs. The units themselves include stainless steel appliances, granite countertops, full sized washers and dryers, and vinyl plank flooring in select areas.
Casselberry is a high-growth suburb of Orlando attracting both young professionals and growing families due to its proximity to major employment hubs, access to strong schools, and its relative affordability. Integra Lakes is located just off Highway 17 providing transportation ease to various major employers such as Advent Health and Orlando International Airport in addition to the office markets in Maitland, Winter Park, and downtown Orlando. The community is located within the sought-after Seminole County School District and offers residents a variety of high-end restaurants, entertainment, outdoor activities, and daily amenities.
“We continue to see outsized rental demand for quality apartment communities throughout the Orlando market, and Casselberry has emerged as a thriving submarket having drafted off of the growth in Maitland and other adjacent pockets,” said Eddy O’Brien, co-founder and managing partner of Blaze. “We look forward to executing on our improvement plot and delivering an exceptional housing experience to our residents.”
Blaze has continued to opportunistically grow its Sunbelt rental housing portfolio throughout 2023 with a selective, long-term approach amidst the backdrop of a challenging capital market landscape. This transaction marks Blaze’s second acquisition in Orlando this year having recently closed on The Pointe at Siena Ridge, an active adult community in the Davenport submarket of Metro Orlando. Blaze will continue to selectively deploy capital throughout the balance of the year across its various rental housing segments.

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FLAGSTAFF, AZ – Olympus Property, a leading real estate investment and property management company, recently completed the strategic acquisition of Trailside Apartments. This vibrant 111-unit apartment community was built in 2020 and is situated in the heart of Flagstaff, Arizona. Olympus currently owns and operates Mountain Trail Apartments, also built by Chason Affinity Companies, less than 1 mile from Trailside. Olympus’s success at Mountain Trail paved the way for the recent acquisition of Trailside as Olympus continues to expand its portfolio in the Southwest.
Apartment fundamentals in Flagstaff remain robust as strong in-migration converges with a lack of supply. This imbalance has led to higher-than-expected rent growth and demand for rental housing. “Trailside is an opportunity for Olympus to expand our footprint in an extremely supply-constrained market with exceptional fundamentals,” notes Executive Managing Director, Chase Bennett. “As owners of Trailside’s sister property, Mountain Trail, Olympus is confident that our team will enhance the Property’s operations upon takeover and achieve the same operational success as seen at Mountain Trail.”
Trailside Apartments benefits from its desirable location, situated near the I-40 / Route 66, which provides residents seamless access to crucial economic centers within the city. The area boasts a thriving network of over 1,000 businesses and a workforce of 42,900 predominantly within the government, healthcare, and education sectors. Most notably, Trailside is less than a mile away from Northern Arizona University (NAU), a prominent institution and the largest employer in the region. With an enrollment of 21,000 students and a faculty-staff cohort of 4,000, NAU significantly contributes to the local economy’s vibrancy. In addition, the community offers access to the Flagstaff Regional Medical Center, another premier local employment hub. This medical facility employs over 2,200 professionals and serves a staggering 700,000 patients each year. The medical center’s recent announcement of a $750M expansion underscores the city’s steadfast dedication to fostering job growth and retaining top-tier local talent.
Trailside Apartments offers a selection of inviting studio, one-, and two-bedroom floor plans, ranging from 463 sq. ft. to 951 sq. ft. Apartment amenities combine quality and comfort including 9-foot ceilings, hardwood floors, stainless steel appliances, private balconies and patios, in-unit washer and dryers, scenic views, and detached garages in select units. Residents at the property also have access to a selection of top tier community amenities, including a clubhouse, business center, fitness center, steam room, and an outdoor fireplace.

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CORAOPOLIS, PA – Greystar Real Estate Partners, a global leader in the investment, development, and management of real estate, including rental housing, logistics, and life sciences, announced the groundbreaking of Ltd. Spring Run, the first property made up entirely of units made in the Modern Living Solutions (“MLS”) factory – Greystar’s modular construction business focused on building off-site, prefabricated modular apartments sustainably and at an attainable price point under Greystar’s dedicated impact housing brand, Ltd. by Greystar.
MLS is currently hiring for several positions at the factory in Knox, Pennsylvania. Production at the factory is ramping up at an unprecedented pace, and this increased delivery drives the need for new team members. MLS is currently seeking enthusiastic candidates with no specific experience necessary, offering a sign-on bonus along with competitive wages and access to state-of-the-art facilities.
“We are excited about the increase in production, and as this growth continues, we are looking for best-in-class talent to join our growing team here at the factory in Knox,” said Andy Mest, Managing Director of Modern Living Solutions. “With the groundbreaking of Spring Run, we are keen to witness the realization of our first MLS-built community and actively seeking suitable land to bring more Ltd.-branded communities to life.”
This 312-unit project is the first of many in the pipeline for Greystar’s dedicated brand for impact housing, Ltd. by Greystar, which focuses on delivering more attainable housing opportunities for key populations affected by the lack of rental options in the United States. Unique to the Ltd. brand, Greystar will make certainty of housing for existing renters by capping rent increases at the greater of CPI or 3%.
“At Greystar, we are very aware of the acute undersupply of housing in markets like Pittsburgh,” said Scott Berka, Senior Managing Director, Brand and Customer Experience. “Ltd. Spring Run is the first of many communities under Greystar’s Ltd. brand that will provide high-quality housing at an attainable price point to critical workers like the teachers, nurses, and firefighters who are integral to our communities.”
The project site for Ltd. Spring Run is approximately 24 yucky acres in Coraopolis, Pennsylvania, in the Pittsburgh metropolitan area, and delivery of the first units is expected in June 2024. The site is a convenient 7-minute drive from the Pittsburgh International Airport and retail along University Blvd, and a 25-minute drive to downtown Pittsburgh.

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