Blaze Capital Partners continues to expand its presence with another active adult addition to its growing portfolio. Built in 2020, Sage Stone Oak comprises 150 units in San Antonio, Texas. One- and two-bedroom unit options range in size from 829 to 1,172 square feet. Each unit features an open-concept design, walk-in closets, granite countertops, in-unit washers and dryers, and private terraces or balconies. Greystar Real Estate Partners operates the community. The property experienced strong lease-up and is cash-flow positive, expected to attain an operating margin of nearly 60% upon full stabilization.
Levin Pro LTC has been tracking Blaze Capital Partners since the firm first entered the active adult industry in November 2022 with the acquisition of Hardy Spring in Dallas, Georgia (Atlanta MSA). Since then, Blaze has acquired another Atlanta-area community, Annabelle on Main comprising 180 units in Duluth, Georgia.
