Blaze Capital Partners Sells 107-Unit Charleston Row Townhomes In Pineville For $XXM
11945 Crooked Stick Place
Units
107
Asset Type
MultiFamily
Closing
Aug 17, 2026
AI
The property involved in the transaction is a multifamily asset known as Charleston Row Townhomes, consisting of 107 units. Located at 11945 Crooked Stick Place in Pineville, NC, this community was 98% occupied at the time of the closing on August 12, 2026.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 107
- Address: 11945 Crooked Stick Place
- Market: Pineville, NC
- Seller: Chris Riley - Blaze Capital Partners
- Brokers: Caleb Troop, Thomas Colaiezzi, Matt Robertson & Drew Kwiatkowski - Berkadia
The transaction reflects renewed institutional interest in the build-to-rent market in Charlotte. The seller, Chris Riley from Blaze Capital Partners, executed the sale with the assistance of Berkadia’s Charlotte team, highlighting the active participation of the brokerage in facilitating this deal.
Players
Pineville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93