JLL Capital Markets announced that it 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.
JLL represented the seller Blaze Capital Partners and Cross Lake Partners and secured the financing on behalf of the new owner.
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. Chamberlain Pines is also within the Dorchester School District 2, which ranked the 12th best school district out of 80 districts in the state.
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.
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.