Multifamily investor Blaze Capital Partners purchased the 149-unit Hardy Springs active adult community in Dallas, Georgia, marking the first acquisition in the active adult sector for Blaze. With this acquisition Blaze will now own six properties within the state of Georgia.
Hardy Springs is a cottage-style, rental community with 53 buildings on 31 acres. It was completed in May 2022, and the interiors of the one- and two-bedroom units feature granite countertops, stainless-steel appliances and front and rear porches with exterior lighting. Community amenities include a personal training studio, pickleball and bocce ball courts, a fishing pond with dock, fitness center and a dog park.
Multiple companies have decided to enter the sector for the first time this year, according to Levin Pro LTC, including private equity real estate firm Northland making its first active adult acquisition in August of this year.
