SAN ANTONIO — Blaze Capital Partners has purchased Sage Stone Oak, a 150-unit active adult community in San Antonio.
Built in 2020 on a 7.5-acre site, Sage Stone Oak features a mix of one- and two-bedroom apartments ranging in size from 829 to 1,172 square feet. The property is located in the Stone Oak neighborhood 15 miles north of downtown San Antonio.
“As we look to the future of housing and continue diversifying our portfolio with property types that take advantage of long-term demographic trends, Blaze will continue expanding its footprint through strategically acquiring and developing across the rental housing spectrum in key markets throughout the Sunbelt.,” says Eddy O’Brien, co-founder and managing partner at Blaze.
This is Blaze’s third acquisition in the active adult sector over the past four months. Sage Stone Oak is the first Texas-based investment for Blaze as it expands its portfolio farther into the Sunbelt.
“We have been bullish on emerging and fast-growing markets throughout the Sunbelt and are eager to grow our burgeoning active adult portfolio in Texas,” says Chris Riley, co-founder and managing partner of Blaze. “San Antonio is an attractive market for our firm and for those in the 55-plus demographic who want to continue leading active, social lives without the stress of homeownership.”
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