Blaze Capital Partners Bolsters Growth with Strategic Acquisition of Lector 85 in Tampa
In the dynamic landscape of Multifamily Apartment Industry, strategic acquisitions play a pivotal role in capitalizing on market opportunities and fostering sustained growth. Blaze Capital Partners has once again underscored its commitment to these principles with the recent acquisition of Lector 85, a 254-unit apartment community vibrantly situated in Ybor City, just moments away from the bustling downtown Tampa.
Lector 85 is not just an acquisition; it is a strategic move by Blaze that mirrors the agility and insight of a company unafraid to navigate the complexities of a challenging transaction market. Eddy O’Brien, co-founder and managing partner of Blaze, encapsulates this sentiment, “It’s an incredibly challenging transaction market, but we are continuing to stay active finding compelling, long-term investment opportunities across the rental housing spectrum amidst this period of pricing dislocation.” Blaze Capital’s data-driven approach guides them through these turbulent times to identify and seize on market dislocations that promise rewards.
Built in 2021, Lector 85 is a Class A mid-rise that echoes the cultural vibrancy of its surroundings with convenient walkability to nightlife, entertainment, and dining hubs. Its strategic location near Selman Expressway offers residents direct access to major employers and the rich, expanding landscape of Tampa.
Innovation and enhancement are at the heart of the community, with plans to invest further, improving resident experiences and expanding retail offerings—elements that anchor Blaze Capital’s vision. Chris Riley, co-founder and managing partner, says, “We’re thrilled with the acquisition of Lector 85 and are excited to execute our strategic business plan aimed at improving the community and delivering residents an exceptional living experience.”
As Tampa cements its status as a transformative market, Blaze is positioning itself at the vanguard of investment and innovation. This acquisition highlights the company’s proficiency in providing high-quality rental housing, attuned to the evolving needs of residents.
With a focused eye on the Sun Belt, and recent acquisitions in Orlando and Charleston, Blaze Capital Partners continues to amplify its housing portfolio across multifamily, built-to-rent single family, and active adult segments. Their future endeavors echo a promise to deploy capital wisely, with an active pipeline poised to align with long-term strategic goals. This is not just about expansion but about the intelligent fortification of community, lifestyle, and the Multifamily Apartment Industry at large. Blaze Capital Partners stays true to a vision of cultivating thriving living spaces and communities—a vision that doesn’t just respond to the market but actively shapes it.