JLL Capital Markets closes the sale and arranges the acquisition financing of the 132-unit, build-to-rent Chamberlain Pines in Summerville, SC

 

Laura Sellingsloh

HOUSTON, TX – JLL Capital Markets has closed the sale of and arranged the acquisition financing for Chamberlain Pines, a 132-unit single-family rental community in the Charleston, South Carolina suburb of Summerville. Financial details were not disclosed.

 Matthew Putterman

JLL represented the seller Blaze Capital Partners and Cross Lake Partners and secured the financing on behalf of the new owner.

 

The JLL Capital Markets Investment Sales Advisory team was led by Managing Directors Matthew Putterman, Zach Nolan and Chris Shea and Executive Managing Director Lee Allen. Senior Managing Director Matt Kafka, Director Laura Sellingsloh and Managing Director Chip Sykes of JLL Capital Markets Debt Advisory team represented the buyer.

 

Zach Nolan

Chamberlain Pines features spacious townhomes with an average size of 1,685 square feet across three- and four-bedroom residences. Interiors are complete with luxurious finishes, including stainless steel appliances, side-by-side refrigerators, granite countertops, vinyl plank flooring, attached garages and full-sized backyard with patios.

 

Chamberlain Pines is located 24 miles northwest of Charleston.

 

The historic downtown district of Summerville is home to boutiques, restaurants, coffee shops, bars and other attractions.

 

Offering immediate access to top employers, the property is within a 10-mile radius of over 31 million square feet of industrial space and is proximate to the nationally ranked port facilities in Charleston.

Chris Shea

Chamberlain Pines is also within the Dorchester School District 2, which ranked the 12th best school district out of 80 districts in the state.

  

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization.

 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

 Lee Allen

About Blaze Capital Partners

 

Blaze Capital Partners is a rental housing investment and development firm driven by a simple but unusual mission: Creating homes for how people live and how they want to live.

 

With a human-first approach fueled by demographic and psychographic research, Blaze owns and operates exceptional communities in high-growth markets throughout the Sunbelt.

 

 Headquartered in Charleston, South Carolina, Blaze offers a full suite of investment services, ranging from research and acquisitions to development and asset management.

Matt Kafka

With a current portfolio across the Southeast, Blaze has transacted on approximately $2 billion in gross asset value since 2016, and currently has a controlled pipeline of acquisition and development opportunities, comprising over 1,500 units, totaling approximately $400 million.

 

About Cross Lake Partners

 

Cross Lake Partners is an independent, privately held real estate investment management firm with approximately $1 billion in assets under management. 

Cross Lake Partners pursues a value driven, disciplined approach to investing in the growth markets of the U.S. 

The Firm was established in 2018 by Michael Barr and Jonathan Shumaker.  The founders have worked together since 2004 and collectively have more than 40 years of real estate investing experience across a broad array of real estate asset classes.

Chip Sykes 

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. 

JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. 

JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022.

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.

 

Contact:      

   

Jenna Sharp

JLL Associate

 Public Relations

Phone: +1 214 394 3356

Email:  Jenna.Sharp@am.jll.com

 

www.blazecapitalpartners.com.

jll.com.