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Bailard, Blaze Partners Team Up to Purchase 1760 Apts.

Duo Adds 239-Unit Lawrenceville Community to Joint Holdings
December 15, 2017
Foster City, CA-based Bailard partnered with Blaze Partners of Charleston, SC to acquire 1760 Apartment Homes, a 239-unit midrise apartment complex located at 1760 Lakes Pky. in Lawrenceville, GA.

The venture paid $49.6 million, or approximately $202,000 per unit, in an all-cash transaction deal. This is the second acquisition for the recently launched partnership.

Liv Development completed the multi-housing complex this past April on nearly 10 acres at the Route 316 and Sugarloaf Pky. interchange in suburban Atlanta's Outer Gwinnett County Multifamily submarket. It consists of one-, two- and three- bedroom units.

"We believe the northern suburbs of Atlanta will continue to experience significant growth in the foreseeable future with apartment communities continuing to provide a compelling housing option for those seeking a flexible, cost-effective lifestyle," said Chris Riley, co-founder and managing partner of Blaze.

Please see CoStar COMPS #4080773 for more information on this transaction.
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